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- Tasks: Support project management with cost tracking, analysis, and reporting.
- Company: Join a leading firm in the engineering sector with a focus on innovation.
- Benefits: Gain valuable experience in project controls and cost management.
- Why this job: Make a real impact on projects while developing your skills in a dynamic environment.
- Qualifications: 3 years of cost engineering experience and strong analytical skills required.
- Other info: Opportunity for professional growth and learning in a collaborative team.
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
- Create commercial summary where appropriate & get PM to sign off
- Send QtC Billing request with all backup in a clear manner
- Ensure PO coverage (I 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) 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)
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about letting people know you’re on the hunt for a Project Cost Engineer role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by brushing up on your cost management knowledge and project controls principles. Be ready to discuss your experience with tools like Excel and any software you’ve used, like Enovia or PeopleSoft. Show them you’re the perfect fit for their team!
✨Tip Number 3
Don’t just apply and wait! Follow up on your applications through our website. A quick email or call can show your enthusiasm and keep you on their radar. It’s all about making that personal connection!
✨Tip Number 4
Stay organised! Keep track of your applications, interviews, and follow-ups. Use a spreadsheet to manage your progress and ensure you’re prepared for each step of the process. This will help you stay on top of everything and reduce stress!
We think you need these skills to ace Project Cost Engineer (Fixed Term 6 months)
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 position. 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: Don’t forget to apply through our website! It’s the best way to ensure your application gets into the right hands. Plus, we want to see your enthusiasm for joining StudySmarter right from the start!
How to prepare for a job interview at Oceaneering
✨Know Your Numbers
As a Project Cost Engineer, you'll be dealing with a lot of figures. Brush up on your cost management tools and be ready to discuss how you've used them in past projects. Be specific about the tools you’ve worked with, like Excel or any project management software.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical abilities. Think of times when you identified variances in project costs and how you proposed corrective actions. This will demonstrate your problem-solving skills and attention to detail.
✨Communicate Clearly
Since this role involves liaising with various stakeholders, practice explaining complex concepts in simple terms. You might be asked to describe how you would communicate cost updates to project managers or clients, so clarity is key!
✨Be Proactive and Adaptable
The job requires a proactive mindset, so come prepared with examples of how you've anticipated issues in previous projects. Discuss how you adapted to changes in project schedules or costs, showing that you can handle the dynamic nature of project management.