Principal Cost Engineer

Company: IPMC LIMITED 
Skills: Cost Engineer 
Experience: 3+ Years 
Education: Bachelors/3-5 yr Degree 
Location: LAGOS, NIGERIA 


 
 
ORGANIZATION SUMMARY
IPMC is one of Nigeria oilfield service companies providing innovative solutions, technology, and services to the oil and gas industry. The Company operates in Nigeria and has a network of, manufacturing, service, research and development, and training facilities.
It delivers innovative technologies and services designed to meet the world's current and future energy needs in a safe, ethical, and sustainable manner. Grounded by our core values and inspired by our world-class people, we are committed to being a trusted business partner to those we serve.

Purpose/Role
To control cost data within contract from initial order through to actualized cost. To Provide accurate OPEX cost reports and general cost data. Co-ordinate contract WBS within reporting systems to align with cost reports
 
Key Aims and Objectives
Manage all cost, commercial activities to the project requirements, and provide contract support to Supply Chain activities
To ensure that the company has a clear understanding and visibility of the status of OPEX budgets through Cost Reports and support data provided on schedule.
Support the Company Management teams on all commercial and cost aspects of the contract, and ensure that needs are met in order to facilitate robust budgetary control.
 
Prime Responsibilities and Duties
Accountable for safety
Management of Contract WBS
Assist in the development of Draft OPEX Budgets Management of OPEX Cost reporting and forecasting
Assist with cash flow forecasting in line with cost report data
CAPEX Cost Reporting against Worley orders
Reporting of monthly cost provisions to client Finance Group
Reporting of Logistics budget cost allocations to Client Finance on Monthly basis
 
Qualifications Essential:
Bachelor's degree/Equivalent qualification 
Essential:
Previous Cost experience, responsible for a large-sized project or large-sized sub-element of a major project.
Ability to control, direct, supervise and manage the day to day activities
Ability to carry out performance and assurance reviews

Desirable:
Working knowledge of the offshore oil and gas industry or downstream petrochemical industry
Knowledge of various electronic project control applications
Ability to carry out a departmental audit on both the system and the processes.
Good presentation skills
Confident and assertive
Competencies - role-specific
Capable of communicating with project groups and third parties to agree standards, systems, processes to meet the project and Client requirements
Capable of proposing improvements/developments of systems and processes
Able to carry out performance reviews and appraisals of Cost personnel in the team.
Capable of identifying and providing input to Cost related improvement initiatives
Capable of managing a coordinated approach to resolving procedural issues in a timely manner Competencies - generic
Sound computer skills
Ability to work to given deadlines
Ability to work with people at all levels
Facilitate meetings
Proven team lead skills