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- Tasks: Manage project costs, create reports, and ensure budget adherence.
- Company: Join Semco Maritime, a leader in the Oil & Gas industry.
- Benefits: Enjoy a hybrid work model and gain valuable experience.
- Why this job: Be part of impactful projects while developing your financial skills.
- Qualifications: Experience in O&G projects and knowledge of cost control is essential.
- Other info: Contract role with potential for growth in a dynamic environment.
The predicted salary is between 28000 - 42000 £ per year.
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Recruiter at Semco Maritime / PBS by Ponticelli
Job Type: Full-time (Mon-Fri), 6 Month Contract
Location: Aberdeen (Hybrid – 4 days in the office, Mon- Thu)
PBS (Semco UK) are looking for a Cost Engineer or Senior Cost Engineer to join the team on a 6 month basis.
This role is responsible for day-to-day financial control of assigned project/s ensuring adherence to budget and preparing cost estimates by analysing proposals.
Details/duties:
- Oversee, monitor and control project costs throughout all phases of a project supporting the Project Manager and Project and Discipline Engineers of the assigned scope
- Create invoice documents, cost reports with supporting narrative, project phase reports and discipline level reports for both clients and internally for distribution
- Facilitate separate cost review meetings with Project Manager and client to ensure accurate forecasting and phasing within budget
- Identify potential overspends and action ‘Potential Change Orders’ to ensure timely and efficient management of change
- Review and approve project purchase orders and invoices, ensuring costs are aligned with the project budget and that accurate cost coding is applied.
- Review and approve purchase and service requests ensuring sufficient budget is in place and correct cost coding assigned prior to commitment
- Liaise with other departments including Planning, Engineering, Procurement and Construction to ensure the accuracy of cost phasing and forecasting, and maintain awareness of scope activities and their impact on the budget and schedule
- Review and approve invoicing
- Support with the commercial close out of the project
- Contribute to the continuous improvement of the cost control function and provision of robust financial reporting.
Qualifications/Experience required:
- Previous experience of large project work within the O&G Industry
- HNC, Highers or equivalent in finance, commercial or business-related subject
- Essential: Demonstrable experience and knowledge of cost control, forecasting and reporting working on a large project and brownfield modifications
- Essential: Understanding of cost control systems including reporting, forecasting and invoicing
- Desirable: Understanding of Project Management principles, change control and planning and risk management
- Desirable: Commercial Awareness and an understanding of commercial terms and conditions
- Desirable: Proficient in the use of Time Writing system, ideally MPower
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Contract
Job function
-
Job function
Finance
-
Industries
Oil and Gas
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Cost Engineer / Senior Cost Engineer employer: Semco Maritime
Contact Detail:
Semco Maritime Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer / Senior Cost Engineer
✨Tip Number 1
Network with professionals in the oil and gas industry, especially those who have experience in cost engineering. Attend industry events or join relevant online forums to connect with potential colleagues and learn about the latest trends and challenges in the field.
✨Tip Number 2
Familiarise yourself with the specific cost control systems mentioned in the job description, such as MPower. If you haven't used them before, consider taking online courses or tutorials to boost your knowledge and demonstrate your commitment to the role.
✨Tip Number 3
Prepare to discuss your previous experiences with large projects during the interview. Be ready to provide examples of how you've managed budgets, identified overspends, and facilitated cost review meetings, as these are key responsibilities for the role.
✨Tip Number 4
Research Semco Maritime and their recent projects to understand their business model and values. Tailoring your conversation to align with their goals can help you stand out as a candidate who is genuinely interested in contributing to their success.
We think you need these skills to ace Cost Engineer / Senior Cost Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost control, forecasting, and reporting, particularly within the oil and gas industry. Use specific examples that demonstrate your ability to manage project costs effectively.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the Cost Engineer role. Emphasise your experience with large projects and your understanding of cost control systems. Show enthusiasm for the position and the company.
Highlight Relevant Qualifications: Clearly list your qualifications, such as HNC or equivalent in finance or business-related subjects. Mention any additional certifications or training related to project management or cost control that may set you apart.
Showcase Soft Skills: In your application, highlight soft skills that are essential for the role, such as communication, teamwork, and problem-solving. Provide examples of how you've successfully collaborated with project managers and other departments in past roles.
How to prepare for a job interview at Semco Maritime
✨Know Your Numbers
As a Cost Engineer, you'll need to demonstrate your understanding of financial control and cost management. Brush up on key metrics and be ready to discuss how you've managed budgets in previous projects.
✨Showcase Relevant Experience
Highlight your experience in the oil and gas industry, especially with large projects. Be prepared to share specific examples of how you've contributed to cost control and forecasting in past roles.
✨Understand the Role's Requirements
Familiarise yourself with the job description and the specific duties listed. Be ready to explain how your skills align with their needs, particularly in areas like invoice creation and cost reporting.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Prepare to discuss how you would handle potential overspends or manage change orders effectively within a project.
