Capital Project Cost Engineer

Company: NES Fircroft
Location: Port Arthur
Posted on: May 13, 2022

Job Description:

Capital Project Cost Engineer

Job Type: 12-Month Contract

Estimated Start Date: ASAP

Location: Port Arthur, TX.

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Purpose:

The Capital Project Cost Engineer will aid the Project Engineer in managing, reporting, and controlling the overall project cost effort. The Cost Engineer will also be responsible for recording business activities and prepare periodic financial reports that inform Senior Management about project progress.

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Responsibilities:

Support the delivery of consistent but appropriate cost management structures for portfolio of small, medium, and large projects
Create and maintain project WBS structures in SAP
Support the development of project Cost Breakdown Structures (CBS) and their population from the estimate
Ensure that purchase orders and work orders are setup in accordance with established WBS structures and project estimate
Perform monthly SOX control review of project open commitments and actual costs to identify any misallocation of costs, unauthorized or incorrect capitalization of labor or overheads, and expenditures to ensure posting to the appropriate WBS elements
Complete / Calculate / Verify monthly updates of Value of Work Done in SAP to post accruals
Work closely with project team to develop project expenditure flow forecast and update monthly.-- - Maintain and promote realism in the cost forecasts in the face of commercial pressure and optimism from the project teams
Complete monthly forecast updates to maintain accurate reporting of Latest Estimate/Estimate at Completion
Ensure project team follows Change Management Procedures and guidelines--
Develop and implement project contingency drawdown plans
Monitor commitments and actuals on a regular basis to ensure expenditures are in accordance with plans
Utilize project schedules and earned value reporting to understand impact on project cost
Ensure timely and accurate preparation of monthly project cost reports. Lead monthly project review meetings and assist Project Cost Controls Lead in reviewing monthly reports
Ensure project closeout is completed in a timely manner following mechanical completion--
Assist with the roll-out of emerging company standard tools and processes and apply them on projects
Support / complete project completion evaluations
Ability to work closely with project scheduling to verify field progress
Participation in constructability reviews and contracting strategy development, as well as other project front end development activities
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Principal Accountability:

Ensure that the correct project cost information is reflected in the cost reports (i.e. not just simply forecasting the project's current approved funding level)
Work with the Project Engineer to accurately develop and predict the Estimate at Completion (EAC). This includes trending / forecasting at the WBS level monthly utilizing actual cost data, earned value progress, and productivity data
Knowing the current project expended and committed cost data information in relationship to the authorized budget and informing the Project Engineer and Project Controls Manager should the forecast indicate an over/under run
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Authority:

The position functionally reports to the Project Cost Team Lead.-- - Routine co-workers will be the Project Engineers, Construction team, Schedulers, and Estimators.
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Required Qualifications:

Must have legal authorization to work in the US on a full-time basis for anyone other than current employer
A Bachelor's degree and minimum of five (5) years refining, manufacturing, or petrochemical experience supporting capital projects
Proficient using MS Office suite of software including the use of pivot tables, VLOOKUP formulas, charts and linking capabilities
Basic understanding of Project Controls
Proficient using MS Office suite of software (Excel, Power Point, Outlook) including the use of pivot tables, VLOOKUP, charts, and linking capabilities
Strong working knowledge of SAP Project Systems module, including Work Breakdown Structures (WBS)

With over 90 years' combined experience, NES Fircroft (NES) is proud to be the world's leading engineering staffing provider spanning the Oil & Gas, Power & Renewables, Infrastructure, Life Sciences, Mining, Automotive and Chemicals sectors worldwide.With more than 100 offices in 45 countries, we are able to provide our clients with the engineering and technical expertise they need, wherever and whenever it is needed. We offer contractors far more than a traditional recruitment service, supporting with everything from securing visas and work permits, to providing market-leading benefits packages and accommodation, ensuring they are safely and compliantly able to support our clients.

Keywords: NES Fircroft, Port Arthur , Capital Project Cost Engineer, Engineering , Port Arthur, Texas