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- Tasks: Support project cost management and analysis, ensuring accurate tracking and reporting.
- Company: Join a leading firm in project controls with a focus on innovation.
- Benefits: Gain valuable experience in a dynamic environment with potential for growth.
- Why this job: Be part of impactful projects and enhance your skills in cost engineering.
- Qualifications: 3 years of cost engineering experience and strong analytical skills required.
- Other info: Collaborative team culture with opportunities for continuous learning.
The predicted salary is between 40000 - 50000 £ per year.
The focus of this position will be working within the regional Project Controls function, directly supporting Projects in the creation, updating, and analysis of cost management tools in a manner aiding Project management review, decision making and forecasting.
RESPONSIBILITIES:
- Cost Tracker
- Update cost tracker based on schedule updates/changes
- Maintain Project Forecast
- Update with actual billed i.e. PM&E etc.
- Add any additional non-reimbursable costs
- Update VO LS rate if changes (this will increase as more VO’s get closed out/added)
- Support Finance analyst with queries
- Regular cost tracking meeting
- Assist with Cost analysis & closing of any activity codes
- Assist cost analysis with Revenue allocation
- VO’s
- Maintain VO tracker
- Create new VO’s for reimbursable costs
- Update/rewrite VO’s if new costs incurred/requests have changed
- Draft & finalise VO’s - once internally reviewed
- Attach appropriate backup (quotes, invoices etc.) & approvals – make sure all is saved in VO folder too
- Get internal approval (PM) for VO
- Hold weekly VO/Cost Meeting with client and have clear actions in place to discuss
- Get external approval (client to sign off in weekly meeting)
- Ensure PO coverage to Bill complete VO’s
- Collate and attach all backup, including 3rd party, signed timesheets, email approvals, DPRS and send to QtC alongside signed VO so billing process can begin
- Timesheets
- Populate PM&E, Onshore Readiness & VO timesheets
- Create ‘VO’ timesheet for increased personnel in-country i.e. above personnel in personnel uplift rate
- Review TS in meeting with client and get signed off
- Use GM reports for charging travel/mob days
- Billing
- Create commercial summary where appropriate & get PM to sign off
- Send QtC Billing request with all backup in a clear manner
- Ensure PO coverage (maintain a PO analysis to keep on top of this)
- Answer any QtC queries and be point of contact between QtC & client
- Send Draft invoice to client for approval
- Send client confirmation to Billing so they can complete & send out final invoice
- Update S/sheets & VO tracker with invoice # and ensure copy of invoice is saved on SP
- Hold weekly meeting with QtC and have clear actions in place to discuss
- PO’s
- Maintain PO analysis
- If uplift/new PO is required, provide estimates as early as possible for client to action
- Once commercial review & sign off the PO, confirm the order in client system
Additional
- Other duties as assigned.
Supervisory Responsibilities
- This position has no direct supervisory responsibilities.
Reporting Relationship
- Reports to Project Controls Lead – Eastern Hemisphere
Qualifications
- REQUIRED
- Must have a minimum three (3) years of experience in cost engineering
- Must have three (3) years’ experience and responsibility of project cost management and reporting in an industrial environment throughout a project’s typical life cycle (Sales, Engineering, Procurement, Testing, and Offshore Execution)
- DESIRED
- Experience with Enovia and PeopleSoft
- Proficient with Microsoft Excel: expertise in complex formulas and functions, pivot tables, macros
- Knowledge of integrating Primavera P6 with other enterprise systems, such as enterprise resource planning software
Knowledge, Skills, Abilities, and Other Characteristics
- Comprehensive understanding of project management principles, methodologies, and best practices
- Ability to evaluate project performance, identify variances and propose corrective actions
- Strong analytical and problem-solving abilities, with attention to detail and accuracy
- Ability to effectively communicate in English with project managers, engineers and stakeholders both verbally and in written form
- Strong organizational and time management skills to meet project deadlines
- Proactive and adaptable mindset to anticipate and address potential issues or changes in project schedules
- Commitment to continuous learning and staying up to date with the latest industry trends and advancements in project management software and tools
- Ability to work independently and as part of a team, displaying professionalism and maintaining a positive attitude
- Proficiency with MS Office applications, primarily Word and Excel, is required
- The ability to organize disparate information into a usable form is required
Project Cost Engineer (Fixed Term 6 months) in Inverurie employer: Oceaneering
Contact Detail:
Oceaneering Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Cost Engineer (Fixed Term 6 months) in Inverurie
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the hunt for a Project Cost Engineer role. You never know who might have the inside scoop on an opening or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your cost management knowledge. Be ready to discuss your experience with cost tracking, forecasting, and handling VO’s. Show them you’re not just a fit on paper but also in practice!
✨Tip Number 3
Don’t forget to showcase your analytical skills! During interviews, highlight specific examples where you’ve evaluated project performance and proposed corrective actions. This will demonstrate your problem-solving abilities and attention to detail.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team. Let’s get you that Project Cost Engineer position!
We think you need these skills to ace Project Cost Engineer (Fixed Term 6 months) in Inverurie
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Project Cost Engineer role. Highlight your experience in cost management and project controls, and don’t forget to mention any relevant software skills like Excel or Primavera P6.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role. Mention specific projects where you've successfully managed costs and how you can bring that expertise to our team.
Show Off Your Analytical Skills: Since this role requires strong analytical abilities, be sure to include examples of how you've evaluated project performance and proposed corrective actions in your application. We love seeing those problem-solving skills in action!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Oceaneering
✨Know Your Cost Management Tools
Make sure you’re familiar with the cost management tools mentioned in the job description. Brush up on your skills with Microsoft Excel, especially complex formulas and pivot tables, as these will likely come up during the interview.
✨Demonstrate Your Project Experience
Prepare to discuss your previous experience in project cost management. Be ready to share specific examples of how you've tracked costs, managed budgets, and supported project forecasting. This will show that you understand the full project lifecycle.
✨Show Off Your Analytical Skills
Since the role requires strong analytical abilities, think of instances where you identified variances in project performance and proposed corrective actions. Highlighting these experiences will demonstrate your problem-solving skills.
✨Communicate Clearly and Confidently
Practice articulating your thoughts clearly, as effective communication is key in this role. Be prepared to explain complex concepts simply, especially when discussing your past projects with stakeholders or team members.