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- Tasks: Lead cost management and reporting for various projects, mentoring a team of cost engineers.
- Company: Join a dynamic finance department in a leading Oil & Gas company based in Aberdeen.
- Benefits: Enjoy competitive pay, professional development opportunities, and a collaborative work environment.
- Why this job: Be part of impactful projects while developing your leadership skills in a supportive culture.
- Qualifications: 10+ years in cost control, with experience in major capital projects and relevant software.
- Other info: This is a contract role with potential for growth and networking in the industry.
The predicted salary is between 54000 - 84000 £ per year.
JAB\’s are working with a Client to source a Cost Lead in the Finance Department, based onshore in the Aberdeen office, on a contract basis.
ROLES AND RESPONSIBILITIES
BASIC PURPOSE OF THE ROLE
The Cost Lead will support the business in the cost management and reporting of various project activity and provide a key interface role between the Client Team and various company subcontractors. The remit of the role will be across the estimating, cost control, forecasting, cost analysis, reporting, and reconciliation areas of the aforementioned activity and involve close liaison with budget holders, department managers, planning, and finance.
KEY RESPONSIBILITIES
- Lead, mentor, and develop cost engineers and senior cost engineers reporting into the role
- Assign, monitor, and review work of direct reports
- Understand the relationships between the project controls functions, estimating, planning/scheduling, cost control, and risk management
- Provide cost control leadership on project teams
- Advise and counsel in areas of expertise
- Advise and drive the business in the preparation of AFEs and AFE supplements in a timely manner in accordance with the Client’s AFE process
- Responsible for the timely and accurate preparation of VOWD and cost forecasts, for OPEX/CAPEX and ABEX activities within their remit. Monthly re-forecasts utilising estimates, PO commitment report, planning schedules, and any other relevant information
- Work with all stakeholders to ensure appropriate reporting cut-offs are maintained
- Responsible for maintaining and delivering monthly Project Cost Reports for Project and Management in line with Project reporting deadlines including detailed monthly analysis
- Ensure that all procurement activity is in line with the Client Procurement Procedure and that requisitions are correctly coded with AFE/WBS/CBS breakdown for cost tracking and monitoring purposes
- Support senior management to ensure cost forecasts are available for review at a suitable level for each financial month end close and for all DRB and activity decision gates
- Provide support/prepare schedule risk analysis to forecast schedule contingencies and related cost impacts
- Control all financial activities related to Project/Well activity, liaising with other departments as appropriate
- Advise Management of financial and accounting issues and make recommendations relating to budget and financial control
- Undertake analysis and investigation to ensure that the financial ledger reflects the current and accurate status of project/well costs incurred. Preparation of correction and reallocation journals as necessary
- Provide support to projects to meet stage gate criteria, including preparation of cost estimates, attendance at peer reviews, inputs to Investment Memorandum and AFE preparation
- Challenge the assumptions and information provided by contractors to ensure a detailed understanding of the cost structure and performance by all applicable contractors for reporting within the overall forecast
- Run scenarios as directed by management to assess options and impacts with respect to costs from changes in scope or execution
QUALIFICATIONS, EXPERIENCE AND SKILLS
QUALIFICATIONS/TRAINING
Preferred
- Engineering, Accounting or Business qualification – HND or higher
- Completion of appropriate cost control industry training
EXPERIENCE/KNOWLEDGE/SKILLS
Essential
- Experience within the cost control/finance sections of the business
- Minimum 10 years’ experience at a cost control level
- Experience working on major capital projects, within an Oil & Gas operator and with a programme of projects
- Estimating experience
- Experience working with Primavera and planning function
- Apply the principles of project controls to cost control work processes
- Demonstrate effective leadership in the execution of cost control activities
- Develop and maintain a positive working atmosphere
- Motivate peers and junior members of the cost team
- Actively participate in the ongoing development and mentoring of junior members of the cost team
- Possess excellent verbal and written communication skills
ADDITIONAL SKILLS/REQUIREMENTS
Experience in using cost management software such as Oracle, MPower or equivalent
#J-18808-Ljbffr
Cost Lead employer: JAB Recruitment
Contact Detail:
JAB Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Lead
✨Tip Number 1
Network with professionals in the oil and gas industry, especially those who have experience in cost control. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends and challenges in cost management.
✨Tip Number 2
Familiarise yourself with the specific cost management software mentioned in the job description, such as Oracle or MPower. If you haven't used these tools before, consider taking online courses or tutorials to boost your confidence and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your leadership style and experiences during the interview. Think of examples where you've successfully mentored junior team members or led a project team, as this will be crucial for the Cost Lead position.
✨Tip Number 4
Research the company’s recent projects and financial performance. Being knowledgeable about their operations and challenges will help you tailor your responses in interviews and show that you're genuinely interested in contributing to their success.
We think you need these skills to ace Cost Lead
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost control and finance, particularly in the oil and gas sector. Emphasise your leadership skills and any experience mentoring others, as this is a key responsibility of the role.
Craft a Strong Cover Letter: In your cover letter, explain why you are a great fit for the Cost Lead position. Mention specific projects you've worked on that relate to cost management and how your skills align with the responsibilities outlined in the job description.
Showcase Relevant Skills: Highlight your proficiency with cost management software like Oracle or MPower, as well as your experience with Primavera. Be sure to mention any training or qualifications you have that are relevant to the role.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished application reflects your attention to detail, which is crucial for a role focused on cost management.
How to prepare for a job interview at JAB Recruitment
✨Showcase Your Leadership Skills
As a Cost Lead, you'll be expected to mentor and develop your team. Be prepared to discuss your leadership style and provide examples of how you've successfully led teams in the past.
✨Demonstrate Your Technical Knowledge
Familiarise yourself with cost control processes and tools like Primavera and Oracle. Be ready to explain how you've applied these in previous roles, especially in major capital projects.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills. Think about scenarios where you've had to manage costs under changing project scopes and how you approached those challenges.
✨Understand the Client's AFE Process
Since you'll be advising on AFEs, make sure you understand the client's AFE process thoroughly. Be ready to discuss how you've managed similar processes in your previous roles.
