Senior Cost Engineer

Recruiter:

Keystone Project Recruitment

Job Ref:

JHB001871/JHD

Date posted:

Saturday, May 28, 2022

Location:

Johannesburg, South Africa

JOB SUMMARY:
Senior Cost Engineer (Contract) with extensive experience in the mining and minerals industry

JOB DESCRIPTION:

Main Purpose of Role

To assist the lead cost engineer and project controls manager (if applicable) in planning, monitoring and reporting the status of project manhours, indirect costs, capital costs and owner’s costs (if applicable) by applying relevant cost management methodology, procedures and systems.
Work on either a single major project and / or provide cost control support to a number of smaller projects and studies to compile and co-ordinate the smooth running of the company projects and studies’ cost reports, in support of the relevant project / study managers.
Work in a manner that supports and enhances the company values of:

Delivering on promises
Developing full potential
Doing the right thing.

Role Specific Responsibilities

Projects and studies – includes the relevant duties below as agreed per project and / or study.
Assist the lead cost engineer and project controls manager in developing cost control procedures and practices for inclusion in the project management plan. Comply with and carry out regular reviews of the procedures and update as required.
Assist in defining the project work breakdown structure (WBS) to ensure compatibility with the applied project cost control system.
Assist with the compilation of the baseline budget to the agreed WBS from the control budget estimate (CBE) that was agreed to by the client for:
Indirect field costs including EPCM manhours and disbursements
Direct field costs including temporary construction facilities
Other costs including insurances, legal costs and professional fees
Owners costs (if applicable)
Fund allocations – committing correct amounts in CBE and applied project cost control system and providing correct WBS codes for funds to be allocated against.
Liaise with contract administrators and procurement officers to allocate budget amounts for packages.
Provide expert cost engineering services to the project.
Provide assistance to users of the applied project cost control system within the project.
Attend project kick off, progress, cost control and planning meetings and implement approved changes in the cost control system as directed.
Establish and maintain histograms, S-curves, KPI’s, graphs / curves for recording and monthly status reporting of project costs and forecasting.
Manage contingency drawdown, escalation, calculate forecast at completion, report cost variances and initiate change control for cost adjustments where necessary.
Maintain registers for change management.
Processing budget shifts and scope changes in the CBE and applied project cost control system when such changes are registered for both studies and projects.
Facilitate the assessment of forecast to complete (FTC) and forecast at completion (FAC) costs with the relevant project personnel and update the applied project cost control system accordingly.
Cashflow forecasting.
Commitment forecasting.
Prepare cost reports showing the original budget, current budget, commitments, FAC, incurred and expended values and variances.
Oversee the project accounting department in respect of the figures produced for corporate reporting of project performance and client invoicing.
Oversee the project accounting department in respect of capital contractor invoicing and processing of such for payment by client.
Assist in the compilation of project close out reports by preparation and submission of cost control data.
Detailed knowledge of applied company and project cost control systems
Working knowledge of the financial accounting package and its interface with applied company and project cost control system
Restructure tender estimate into control budget estimate in accordance with the project strategy
Forecasting of project (FAC).
Cost Reporting
Forecasting cashflow
Forecasting project commitments.

Qualifications:

A degree in commerce or engineering or alternatively a project controls related qualification/certification – CCT / CCP.

Knowledge, skills and experience:

Minimum six years’ experience gained in site and/or office environment in design and construct projects delivery in the areas of cost control or alternatively in a cost and management accountant role in the mining, construction or manufacturing industries.
Advanced skills in the cost control process of multi-discipline EPCM and EPC projects or alternatively in cost and management accounting processes in the mining, construction or manufacturing industries.
Exposure to the use of commercial cost management software.
Advanced skills in the use of Microsoft Office software.
Data skills and ability to deal with large data sets to provide meaningful reports.
Knowledge of applied company and project cost control systems

Desirables

Exposure to international projects is highly desirable
Working knowledge of the Project Management Body of Knowledge, (PMBOK)

Personal attributes:

Strong communication and interpersonal relationship skills
Strong team player
Ability to work in a high-pressure environment, pay strict attention to detail and ensure the accuracy of the outputs
Attention to detail

Confidentiality and discretion.

NB! This job is now closed. You can apply for other jobs by uploading your CV.

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