Senior Cost Engineer at Seplat Petroleum Development Company Plc

Purpose :

To provide a complete suite of cost engineering services and financial support for projects involving development of cost management models, preparation and/or review and endorsement cost estimates of different levels of accuracy and control services throughout the project lifecycle for value optimization.

Accountabilities

• Develop the project cost management strategy, plans and procedures. Implement project-wide cost measurement and reporting systems, including roll-up levels and a reporting cycle calendar.
• Identify and evaluate new technologies, cost models and tools for estimating CAPEX & OPEX costs and, if appropriate, progress and manage use in current assets and in new projects under development. Review existing cost systems and methods and recommend actions to correct deficiencies.
• Coordinate the development and implementation of work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with the Planning/Scheduling Engineer.
• Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams;
• Provide cost estimating expertise, procedures and review capabilities, including cost estimating and risk, uncertainty and sensitivity analyses.
• Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data;
• Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses;
• Work with the PMT and accounting function to ensure adequate financial controls including preparation of AFE.
• Support Asset Owners and PMT with cost estimates during budgeting and performance activity with JV. Develop and issue various reports to appropriate stakeholders.
• Perform complete analyses and cost validations using internal and external benchmarking data, historical indices, and component benchmarking.
• Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS.
• Mentor & support the review of the estimates prepared by other cost estimators from SCM to ensure accuracy, completeness, and compliance with scope of work.

Minimum Qualification:

Educational Background

• Technical graduate, membership of a professional body of Cost Engineers desirable.

Industry experience

• Minimum of 10 years’ experience in an E&P major projects environment.
• Minimum of 8 years’ experience in Cost Estimating

Competencies

• Extensive experience of EPC contract management.
• Working knowledge of a broad range of Cost Estimating Systems, Tools and Practices.
• Strong communications skills (i.e. report writing and presentation) are essential.
• Good inter-personal and leadership skills.