Cost Control Lead

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JOB DESCRIPTION

Cost Control Lead

Job Purpose * Provide guidance in allocation, planning, and stewardship of costs and expenditures for the project. Develop and modify procedures to meet business requirements during project phases.

Reporting and Relationships

* Reports to Business Manager

* Direct reports: None

Internal

* Frequent contact with PMT and other support functions within Major Projects and NFPS groups.

* Frequent and regular communication with other departments such as Finance, Law, Supply, Engineering and Project (E&P), Operations, etc.

* Regular Contact with PMT legal, Finance, Supply, and other Major Projects Departments.

External * Frequent contact with Pre-FEED/ FEED / EPC contractors and sub-contractors

and vendors.

* Occasional interaction with stakeholders, shareholders, Contractors, QE, RLIC, and other Asset owners / Operators.

Job Context & Major Challenge(s)

* To maintain NFW Offplot project cost estimate confidence throughout the duration of the project by developing detailed cost planning models, analysis and reports to advise, guide, and recommend appropriate changes to processes and procedures to meet business requirements.

* Major challenges include (i) operating in a dynamic team environment in a highly visible project with large capital expenditure and significant schedule execution pressures and (ii) delivering accurate and flawless performance in respect to safety, quality, cost, and schedule demonstrating multi-tasking, flexibility and initiative to meet evolving business needs.

* The position will be initially based at Qatar Navigation Tower, later to be shifted tothe Ras Laffan site office (approximately 1 hour from Doha).

Generic Accountabilities - All Employees

Safety Health & Environment

* Ensure all activities are undertaken in compliance with Company Safety, Health and Environment and Quality policies, regulations and standards.

Qatarization Program

* Contribute to the development of Qatari employees. This accountability is a condition of employment for expatriate employees.

Firewall Compliance

* Ensure all activities undertaken comply with anti - trust and competition laws and the Company firewall policies and procedures.

Key Job Accountabilities

1. Establish and maintain project cost control procedures, guidelines and reporting standards to ensure consistency across the projects. Implement a standard cost reporting process to enhance visibility and control over project expenditures.

2. Lead cost data management across all contracts ensuring accurate compilation, validation and reporting of cost information to Project Management for informed decision making and financial transparency.

3. Provide guidance to project team, in standardized cost control processes including Value Of Work Done (VOWD) reporting, forecast updates, change order management, contingency planning, and expenditures allocation. Review and validate contractor invoices to ensure compliance with payment milestones and project progress.

4. Support project controls by providing financial input for Funding Packages submittals including Estimate Basis, Estimate Confidence Packages, Advance Commitments (ACs), and Full Funding (FF). Ensure proper allocation of funds and budget transfers to align with project requirements.

5. Lead the preparation of forecast cost estimates and annual Work Program and Budget (WP&B) incorporating project scope, progress achieved, and pending costs to ensure financial alignment with approved budgets.

6. Develop and maintain Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) ensuring alignment with project scope and reporting requirements.

7. Monitor cost performance of FEED and EPC contractors, ensuring adherence to control plan. Recommend corrective actions and assess deliverables, including of VOWD reporting, trend analysis, and earned value assessments.

8. Provide early identification of potential cost risks, recommend corrective measures, and collaborate with project leadership to implement cost recovery plans and ensure cost control objectives are met.

9. Provide support for FEED and EPC tenders technical evaluations by developing evaluation plans, coordinating bid reviews, and ensuring approvals from relevant project committees. Oversee project commitments, ensuring contractual compliance for change orders and approvals. Provide cost control guidance to procurement and contract teams for effective WBS and CBS allocations.

Qualifications

* Bachelor degree in Finance, Engineering, accounting, or business discipline.

Knowledge and/or Experience

* 8 years' experience in cost Control/cost management with focus on large-scale oil and gas capital projects environment.

* Proven experience in cost estimating, cost forecasting, allocation, planning, budgeting, and cost reporting for major projects.

* Extensive knowledge of Project Controls principles, theories, and concepts.

* Major Projects experience, EPC Lump Sum Contracts, working with multi-lingual contract teams with large local subcontractors.

* Experience required in working with ERP systems and Project Management systems.

Technical and Business Skills

* Strong analytical, and commercial skills.

* Proficient in Microsoft office packages and some technical packages.

* Proficient in project cost management software and tools, with the ability to analyze and present cost data clearly.

Equal Opportunities:

First People Solutions is committed to equal opportunities regardless of gender, race, disability, sexual orientation, religion or belief and age.