At a Glance
- Tasks: Manage and control costs across exciting EPC contracts in a dynamic environment.
- Company: Join Petrofac, a leader in the energy sector with a focus on inclusivity.
- Benefits: Competitive pay, flexible working options, and opportunities for professional growth.
- Other info: Engage in a collaborative team atmosphere with excellent career advancement potential.
- Why this job: Make a real impact by ensuring projects stay on budget and thrive.
- Qualifications: Experience in cost management and strong analytical skills required.
The predicted salary is between 60000 - 75000 £ per year.
Petrofac is seeking a Cost Engineer 3 - Contractor for 12 months based in Aberdeen, UK. The role is outside IR35 and we invite Limited Companies to engage.
Scope of Work:
- Provide cost management and control across EPC contracts.
- Create the Cost Breakdown Structure (CBS) and apply the standard phase template in the mpower system.
- Maintain the Client sections of the CBS which holds pertinent information such as Purchase / Service Order (PO / SO) number and value.
- Maintain the Change Request register in mpower via the Project Change Request section of the system and incorporate this change into the relevant budget section / forecast.
- Populate budgets at phase level as per the Client approved Estimate / Change Request.
- Add, amend and maintain rates (Schedule or PAF) within the system to produce Estimates / Value of Work Done (VOWD) and Forecasts.
- Monitor and issue weekly time writing and commitment reports to the team.
- Compile and issue monthly VOWD to the Commercial department.
- Review, code and approve requisitions in line with approved budgets.
- Track requisitions against budget to ensure accurate forecasting and the avoidance of cost over-runs.
- Regularly review VOWD, phasing and forecasts and take corrective action if required.
- Highlight areas of concern with recommended solutions i.e. Change Management.
- Frequently liaise with Engineering Disciplines / Project Manager / Supply Chain to assist with the monitoring and control of budgets and engage in close out activities where required.
- Frequently liaise with Planning Engineers to ensure accurate forecast phasing of manhours.
- Provide monthly cost reports with cost expenditure, forecast and phasing information as per the agreed scope.
- Hold regular Internal and External cost reviews with narrative, to present the cost position at a point in time.
Deliverables:
- Rates
- CBS and PCR Structure
- Requisitions
- Weekly time-writing and commitment reports
- Cost and invoice reconciliation analysis
- Monthly VOWD Report
- Monthly Cost Reports
- Internal and External Cost Review meetings
Senior Cost Engineer in Aberdeen employer: Petrofac
Petrofac is an exceptional employer, offering a dynamic work environment in Aberdeen that fosters collaboration and innovation. With a strong commitment to employee development, we provide ample opportunities for growth and advancement within the engineering sector, alongside competitive benefits and a supportive culture that values inclusivity and diversity. Join us to be part of a team that not only drives project success but also prioritises your professional journey.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Cost Engineer in Aberdeen
✨Tip Number 1
Networking is key! Reach out to professionals in the industry, especially those who work at Petrofac or similar companies. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for interviews by brushing up on your cost management skills and understanding the specifics of EPC contracts. We recommend practising common interview questions related to budgeting and forecasting to show you're the right fit.
✨Tip Number 3
Don’t forget to showcase your achievements! When discussing your experience, highlight specific projects where you successfully managed costs or improved processes. Numbers speak volumes, so bring those stats along!
✨Tip Number 4
Finally, apply through our website! It’s the best way to ensure your application gets seen. Plus, we often have exclusive opportunities listed there that you won’t find anywhere else.
We think you need these skills to ace Senior Cost Engineer in Aberdeen
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Cost Engineer role. Highlight your experience with cost management, budgeting, and any relevant software like mpower. We want to see how your skills match what we're looking for!
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 at Petrofac. Share specific examples of your past work that relate to the job description, and don’t forget to show your enthusiasm for the position.
Be Clear and Concise:When filling out your application, keep it clear and concise. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, so make sure your points are easy to understand and directly related to the job.
Apply Through Our Website:We encourage you to apply through our website for the best chance of being noticed. It’s super easy, and you’ll be able to track your application status. Plus, we love seeing applications come in directly from our site!
How to prepare for a job interview at Petrofac
✨Know Your Cost Management Inside Out
Make sure you brush up on your cost management principles, especially those related to EPC contracts. Be ready to discuss how you've created and maintained Cost Breakdown Structures (CBS) in the past, as well as your experience with budget forecasting and change management.
✨Familiarise Yourself with mpower System
Since the role involves using the mpower system, it’s crucial to understand its functionalities. If you have experience with similar systems, be prepared to explain how you’ve used them to manage budgets and track costs effectively.
✨Prepare for Scenario-Based Questions
Expect questions that ask you to solve hypothetical problems related to cost overruns or budget discrepancies. Think of specific examples from your previous roles where you identified issues and implemented solutions, showcasing your analytical skills and proactive approach.
✨Engage with the Team Dynamics
This role requires frequent collaboration with various teams, so be ready to discuss how you’ve worked with project managers, engineering disciplines, and supply chain teams in the past. Highlight your communication skills and ability to foster teamwork to ensure successful project outcomes.
