Vacancy Details
Employer: ProjectLink
Job Title: Cost Engineer
Job Type: Contract, expected to work Full-Time hours
Job Description
This position involves managing and controlling costs related to mining projects to ensure financial efficiency and project success.
Required Qualifications:
- Cost Engineering qualification, preferably AACE® International Cost Control Professional (CCP)
- Bachelor’s degree in engineering, Quantity Surveying, Construction Management, or a related field.
- Professional certifications such as CCP (Certified Cost Professional) or AACE (Association for the Advancement of Cost Engineering) accreditation.
- Certification or training in project management (e.g., PMP certification) is preferred.
- Postgraduate qualification in a cost engineering or project management-related field (preferred)
Minimum requirements:
- Minimum of 5-7 years of experience in cost engineering or cost control in industries such as construction, engineering, oil & gas, or infrastructure.
- Proven experience in managing project cost estimation, cost control, and forecasting processes on large, complex projects.
- At least 3 years of experience with cost management tools such as Primavera, SAP, or Oracle Primavera Unifier.
- Strong familiarity with Earned Value Management (EVM) principles and their application to cost control and reporting.
- Experience in working with cross-functional teams, including project management, procurement, and finance.
Software requirements:
- Microsoft Suite (Word, Excell, PowerPoint)
- SAP, Oracle, or Primavera P6
- Advanced knowledge of cost estimation software
Skill:
- Proficiency in cost management and financial analysis software such as SAP, Oracle, or Primavera P6.
- Advanced knowledge of cost estimation methodologies, including top-down, bottom-up, and parametric estimating.
- Strong analytical and numerical skills, with the ability to interpret data to create accurate cost forecasts.
- Excellent communication and report writing skills to present cost information to non-technical stakeholders.
- Solid understanding of financial principles, such as budgeting, accounting, and financial reporting.
- Advanced skills in Excel, including pivot tables, macros, and advanced financial modelling.
- Ability to assess risks and variances and implement corrective measures to maintain cost control.
- Advanced problem-solving skills
Responsibilities:
- Review of the cost estimate (incl. comprehensive understanding of the basis of estimate), cash flow forecast and alignment with scope, WBS and schedule
- The development of an integrated cost control plan incorporating all stakeholders and technical functions, with specific emphasis on integration with the Schedule Management Plan
- Set-up of the required cost controls elements (Data flow and integration from Engineering through to commissioning)
- Monitoring all cash-flow, providing accurate reports of progress, variance to plan, root cases and remedial actions
- Monitoring the greater environment to identify the potential risks to the cost and financial model
Behavioural:
- Attention to Detail:
- Must demonstrate a high level of precision in cost reporting and forecasting to avoid inaccuracies that may impact the project's financial health.
- Proactivity:
- Should actively monitor cost trends and implement corrective actions as soon as cost deviations or risks are identified.
- Critical Thinking:
- Ability to analyse data, foresee potential cost challenges, and propose solutions or alternatives that minimize financial risk.
- Effective Communicator:
- Able to present complex financial data in a clear and concise manner to both technical and non-technical audiences.
- Integrity:
- Upholds high ethical standards in managing project costs, ensuring transparency and accountability in all financial activities.
- Team Collaboration:
- Must be able to work effectively with project managers, engineers, finance teams, and procurement to ensure alignment on cost control measures.
- Adaptability:
- Able to handle changing project scopes, requirements, or external economic factors with a flexible and solution-oriented approach.
- Resilience:
- Capable of managing pressure and competing priorities while maintaining focus on achieving cost control objectives.
1 person has applied for this job. 113 people have viewed this job.
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