Cost Control Engineer

3 days ago

unknown Lagos Nigeria Lextorah LDS Full time ₦120,000 - ₦180,000 per year
Company Description

Saipem Contracting Nigerian Limited (SCNL) is a subsidiary of SAIPEM Spa, a global leader in Engineering, Procurement, installation and Construction. Due to the expansion of our operations in Nigeria, we are seeking for highly qualified professionals, pro-active, well organized and motivated persons to fill various positions within the organization

Job Description

Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget.

Ensure any deviation from budget is promptly spotted and analyzed, final impact is estimated and the effect of corrective actions taken is monitored.

Create a cost awareness atmosphere among project team.

Satisfy the Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces. implementation of the Cost Control System, elaborating the consolidated Cost Breakdown.

Issue the Project Cost Control Procedure, Cost Coding

Manual and Risk Management Plan, for the Project Control

Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to monitor procurement and accounting activities.

Splitting of Commercial Budget according to the intercompany scheme, contract and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cash flow by currency.

Ensure the Cost Control System works effectively and cost status is soundly assessed and reported.

Monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received.

Determining the monthly accruals (to have accounts in tine with works progress).

Support the Project during the contract changes claims process providing the cost impact analysis, and keep updated the reports.

Qualifications

Minimum of 5 years in Project Planning & Control

Bachelor Degree in Engineering or any Physical Science

Working knowledge of MS Office applications.

Knowledge of Primavera is mandatory

Additional Information

Adequate knowledge of techniques for measuring performance, economic data, progress costs and risks.

Ability to analyze and control activity/project revenues and costs and to monitor progress and value of work done.

Ability to establish and effectively manage a cost control system in order to support the process of preparing the invoicing back-up needs.

Knowledge and ability to define and set-up the invoicing procedure and mechanism.

Knowledge of the use of forecasting, risk and opportunity analysis

Ability to define and group the discrete work elements of a project in a way that helps in organizing and defining the total scope of work of the project itself.

Ability to establish the overall project Breakdown Structure and relevant coding system to meet all control requirements (e.g. Work Breakdown Structure/Cost Breakdown Structure/Organization Breakdown Structure).

Ability to identify, evaluates, and estimate the level of risk involved in a situation, to compare it against benchmarks or standards and to determine an acceptable level.

Ability to predict the performance of a project through the use of forecasting tools and risk and opportunity analysis.

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