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Sr. Cost Control Engineer [81739016]

  • Posted Date :

    19 Sep 2024

  • Function/Business Area :

    Project Management

  • Location :

    Navi Mumbai

Job Responsibilities :

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  • Assign accurate value from the approved Cost budget to each Cost item level.
  • Supervise the Uploading of the Cost Control System in SAP
  • Monitor the Cost Control system to ensure that the cost commitment and payments are conducted at the proper Cost Item level.
  • Capture the impact of changes in the Cost Reports and alert management at regular intervals for major deviations.
  • Maintain the necessary amount of details as is appropriate as per the stage of the project
  • Track changes to Budget at agreed intervals
  • Analyse the various commitments and payments made in the report.
  • Liaise with Projects to ensure that Risk analysis inputs are available to evaluate trends and cost allocation with contingencies
  • Update the Cash Flow as per the commitment and payment analysis.
  • Update and maintain Trends (including assignment of log No) in the Trend Log as identified by the Project Controls Manager.
  • Perform / Co-ordinate the required evaluations for the cost and schedule impacts of the Trends


Education Requirement :

      Necessary:

  • B.E / B. Tech

      Desirable:

  • MBA (finance)

Experience Requirement :

      Necessary:

  • 7-12 years of Cost Control experience in Oil & Gas industry on  CAPEX Projects viz. Refinery and Petrochemical Plants ranging from 200 MM USD to 2 Billion USD and leading a Cost Control team

      Desirable:

  • Worked as Lead Cost Controller for Oil & Gas Plants and independently produced Various Cost related MIS for CAPEX Projects above 200 MM USD

Skills & Competencies :

  • Budgeting, Cost Monitoring and Reporting
  • Cost Risk Analysis
  • Cost Structuring
  • Cost Analysis
  • Cost Reports & MIS
  • Detail Orientation
  • Managing Ambiguity
  • Change Management

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