Cost Control Engineer in Lagos, Nigeria

at SAIPEM

Industry
Oil & Gas / Mining
Specialization
Engineering
Minimum Qualification
HND
Required Experience
1 - 3 years
Employment Type
Full Time
Gender
Male or Female
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Job Description

Job description:
  • Ensure the implementation of the Cost Control System, developing  consolidated Cost Breakdown Structure according to the relevant procedure, reviewing the procurement/accounting system adopted in  Saipem Contracting Nigeria, and verifying the application of the CBS and cost traceability
  • Issuance of Project Cost Control Procedure, Cost Coding Manual and Risk Management Plan for Project Control Manager’s verification.
  • Management of budgets, work schedule and cash flow activities.
  • Coordinate the risk management activities, organizing brainstorming sessions for qualitative/quantitative assessment of identified risks and opportunities.
  • Co-ordinate project financial analysis; most especially, Montecarlo Analysis.
  • Monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals.
  • Support the Project during the contract changes/claims process, providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services.
  • Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from baselines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns.
  • Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback.
  • Support the Project Control Manager in the preparation of the Project close-out Report and the cost feed-back data to      Project Control and Commercial Department.

 

 

 

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