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- Tasks: Support cost engineering for Major Projects & Facilities, ensuring effective cost management.
- Company: Leading Oil and Gas Operator with a focus on innovation and teamwork.
- Benefits: Competitive PAYE contract, potential extensions, and opportunities for professional growth.
- Why this job: Join a critical role in managing costs for impactful projects in the energy sector.
- Qualifications: Experience in cost engineering and strong analytical skills required.
- Other info: Dynamic work environment with opportunities to collaborate across various teams.
The predicted salary is between 60000 - 80000 £ per year.
Our client, an Oil and Gas Operator is seeking a Cost Engineer. This is a PAYE contract role initially until 31 March 2027 with extensions.
The cost engineer is responsible for providing support to the assets for all cost engineering & estimating requirements within the Major Projects portfolio, inclusive of Subsea & Decommissioning. Additional support will also be provided to the Assets for Facilities Engineering scopes. With significant spend year on year, this role is critical in ensuring effective cost management across the business.
Main responsibilities:
- Cost estimating for Major Projects & Facilities at all levels of project maturity.
- Preparing, analysing and consolidating monthly cost reports for each project, month end postings.
- Part of the cost engineering team which covers D&C and Major Projects and is part of the wider finance function.
- Accountable for all Major Projects & Facilities Engineering scopes being undertaken within an asset or across multiple assets.
- Actively contribute to the cost estimating for all upcoming Major Projects & Facilities Engineering scopes.
- Maintain cost control system to track budgets, commitments, expenditure & forecasts for each project.
- Identify scope uncertainty to determine growth & contingency allowances; identify risk & opportunities as project progresses.
- Prepare monthly value of work done and remainder of year/project estimates.
- Contribute to the annual work programme & budget process for allocated work scopes.
- Provide cost support to the project through the internal and external approval process.
- Present regular updates on cost performance for Major Projects & Facilities Engineering scopes to project & asset management.
- Collaborate with key stakeholders to ensure delivery of fit for purpose cost reporting to enable business decision making.
- Drive a continuous improvement mind set to ensure efficient and effective processes and value adding reporting.
You are:
- Understanding of North Sea upstream oil and gas industry with comprehensive knowledge of Major Projects & Facilities Engineering operations.
- Experience in the application of SOAP's to an Operator.
- Extensive SAP Knowledge and Experience.
- Excellent planning skills with ability to work under time, budget and resource pressure.
- Good interpersonal skills, personal drive and self-starting initiative with a strong focus on integrity.
- Excellent communication skills and experience engaging with individuals at all levels in the organisation.
- Strong analytical skills and problem-solving ability.
- Ability to demonstrate strong accountability with a drive for continuous improvement.
- Ability to demonstrate the use of technology to improve process controls and efficiency.
At a minimum, you have:
- Prior Major Projects & Facilities Engineering cost engineering/accounting experience is essential.
- Prior Cost Estimation experience is preferable.
- Bachelor's degree (preferable).
- Significant relevant industry experience.
- SAP Knowledge and experience.
Cost Engineer employer: Strategic Resources European Recruitment Consultants Ltd
Contact Detail:
Strategic Resources European Recruitment Consultants Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Cost Engineer
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. We all know that sometimes it’s not just what you know, but who you know that can land you that Cost Engineer role.
✨Tip Number 2
Prepare for interviews by researching the company and its projects. We recommend having a few questions ready about their Major Projects and Facilities Engineering scopes. This shows you're genuinely interested and engaged!
✨Tip Number 3
Practice your pitch! You want to be able to clearly articulate your experience in cost estimation and how it relates to the oil and gas industry. We suggest rehearsing with a friend or in front of a mirror to boost your confidence.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications!
We think you need these skills to ace Cost Engineer
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Cost Engineer role. Highlight your experience in cost estimation and any relevant projects you've worked on. 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 passionate about the oil and gas industry and how your background makes you a great fit for our team. Keep it concise but impactful!
Showcase Your Skills: Don’t forget to showcase your analytical skills and experience with SAP. Mention specific examples where you've successfully managed costs or improved processes. We love seeing real-world applications of your skills!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any updates from us!
How to prepare for a job interview at Strategic Resources European Recruitment Consultants Ltd
✨Know Your Numbers
As a Cost Engineer, you'll be dealing with a lot of figures. Brush up on your cost estimation techniques and be ready to discuss specific examples from your past experience. Highlight how you managed budgets and forecasts in previous projects.
✨Understand the Industry
Familiarise yourself with the North Sea upstream oil and gas sector. Be prepared to discuss current trends and challenges in Major Projects and Facilities Engineering. Showing that you’re informed will impress the interviewers and demonstrate your genuine interest in the role.
✨Showcase Your SAP Skills
Since extensive SAP knowledge is crucial for this role, be ready to talk about your experience with the software. Prepare to give examples of how you've used SAP in cost control and reporting, as well as any improvements you've implemented using technology.
✨Engage with Stakeholders
This role involves collaboration with various teams. Think of instances where you've successfully communicated with different stakeholders. Be ready to share how you ensured effective cost reporting and decision-making in your previous roles, showcasing your interpersonal skills.