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Project: FPSO Kutei

Job Title: Cost Control Engineer

Location: Indonesia - Karimun

Job Description:

Mission

• 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 analysed, final impact is estimated and the effect of corrective actions taken is monitored
• Create a cost awareness atmosphere among project team
• Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces

Tasks

At project initial phase:

• After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown Structure according to the relevant procedure, reviewing the procurement/accountin g system adopted in each Operating Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability
• Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Managemen t 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
• If not provided during the commercial phase, split the 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
• Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
• Carry out the Montecarlo Analysis

During the project execution phase:

• 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 line with works progress)
• Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services
• Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from bas elines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
• Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback
• Issue the project and company reporting

At project closure

• Support the Project Control Manager in the preparation of the Project close-out Report and the costfeed-back data to Project Control and Commercial Departments

What are we looking for?

Education: Master's Degree/bachelor's degree in: Finance / Accounting

Experience: 5 years of experience as a Cost Control Engineer within the oil and gas industry.

Languages: English Language skills required (and any other specified by Project)

Technical Skills: Cost control, financial control, cash flow statement, provisioning

IT Skills: not applicable

What else should you know? The start date is as soon as possible.

What can we offer to you:

• 12 month contract (subject to extension according to Company needs)
• Corporate Benefits: We offer a comprehensive benefits package, including health insurance.
• Our One Saipem Way soft skills model leverages on skills development, career growth, opportunities to innovate through complex challenges by promoting communication and collaboration to achieve common goals.

Additional Information

We embrace diversity! At Saipem, we believe that innovation thrives through diversity. Our culture is built on mutual respect, collaboration, inclusion and the belief that our differences drive our progress.

Safety and Sustainability matter to us! Operating in difficult and at times extreme situations, the focus is always on the health and safety of people and the preservation of the natural ecosystem.

Find out more in our website: https://www.saipem.com/en/gpsag

One vision, many paths, limitlesspossibilities.