Senior Cost Estimator at Renaissance Africa Energy Company Limited

Job Purpose

• This role is responsible for producing standard, consistent, and risk-adjusted cost estimates across all project phases.
• Key duties include applying cost methodologies and tools to estimate engineering, procurement, construction, and commissioning costs, while running scenario, sensitivity, and benchmarking analyses.
• The role covers developing Type-2 building block estimates, Type-3 detailed capex estimates from MTOs and pricing and supporting Type-4 forecasts that integrate actual and to-go costs.
• It also involves preparing the Estimate Plan and Basis, managing estimating data for benchmarking, and storing estimate files securely. Finally, it uses the TECOP framework for deterministic contingency and performs probabilistic cost risk analysis, with full ownership of the cost estimating tools and processes.

Responsibilities
To deliver and maintain standard, consistent, and realistic cost estimates reflecting the assessed risk parameters for each project. Accountabilities are the following:

• Methodologies and tools for Cost Estimates- Utilise cost methodologies and tools to produce cost estimates inclusive of engineering, procurement, construction, commissioning and start-up scope and costs.
• Incorporate project complexity factors into project estimates and assemble key input data such as project objectives, scope and execution plan.
• Formulate methodologies for deriving quantities from design parameters. Perform scenario comparisons and uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs.
• Assess prospect scope and main components to develop consistent building block estimates (Type-2) for each concept under consideration.
• Translate the identified project scope and engineering deliverables into the estimate of capital expenditure costs composed of detailed MTOs matched with detailed pricing and construction unit hours (Type-3).
• Identify areas of uncertainty and apply appropriate allowances.
• Support Development of detailed project cost forecasts (Type-4).
• Incorporation of project actuals to date and detailed MTOs matched with detailed pricing and construction unit hours for to-go costs.
• Develop Estimate Plan detailing how the estimate will be developed.
• Develop Estimate Basis to document how estimate was developed.
• Manage Estimating Data- Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information. Support process to store Estimate files in a consistent, secure location.
• Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency.
• Perform probabilistic cost risk analysis

Dimension:

• Full responsibility for the establishment, maintenance, and delivery of the management activity for the cost estimating tools and processes..

Technical Skills:

• Proficiency in project estimation software, cost modelling tools, and Microsoft Excel, Word, and PowerPoint.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Familiarity with project management methodologies and industry best practices.
• Effective communication skills, with the ability to present complex information to various stakeholders.
• Strong interpersonal skills, with the ability to work collaboratively and adapt to evolving project needs.
• Exceptional presentation skills are essential for engaging with diverse audiences.
• Exceptional organizational skills to manage multiple estimates and priorities effectively.
• Understanding of industry standards, trends, and regulations related to cost estimation and project controls.

Requirements

• Minimum of bachelor’s degree in engineering or quantity surveying or equivalent discipline and/or certification as a Cost Estimator with at least 10 years relevant work experience in oil & gas industry including lead estimator position.

Skills & Competencies:

• Highly skilled communicator with the ability to form and maintain good relationships internally and externally 
• Strong interpersonal, negotiation and influencing skills 
• Proven management skills with the ability to optimise team performance and development 
• Commercial and financial acumen 
• Highly developed analytical skills
• Strong technical mindset and able to read and interpret technical data and translate to others
• Highly numerate with the ability to research, assemble, manage and manipulate numerical information
• Advanced knowledge of estimating strategies and techniques
• Results orientated and organised with the ability to plan and deliver against deadlines 
• Excellent attention to detail skills
• Project Management skills.