Head of Cost Estimating

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Head of Cost Estimating

Job Purpose Provide advice on cost management including estimating, forecasting,

reporting, allocation, planning, and stewardship for costs and expenditures within NFS/NFW Onplot Projects.

Key Job Accountabilities

1. Develop efficient cost services and provide expert advice on cost estimating, forecasting, accounting, allocation, planning, reporting, and control issues to ensure effective processes are utilized throughout the project life cycle.

2. Lead the financial input into Funding Packages submittals such as Advance Commitments (ACs), Full Funding (FF), and Supplementary Funding whenever required and recommend budget transfers to ensure that all necessary funding is provided and Project Cost at Completion is aligned with the approved budgets.

3. Develop and maintain a benchmarking (man-hour, cost, productivity, etc.) database to provide support for estimating requirements as required.

4. Estimate and challenge the cost for potential change orders/claims by the FEED/EPC Contractor.

5. Forecast cost estimates and prepare the annual Work Program and Budget (WP&B), taking full consideration of project scope, progress achieved, and pending scope to complete.

6. Conduct probabilistic cost risk analysis to determine contingencies and accuracy ranges.

7. Facilitate the monitoring of contractors' and the project's cost performance compared to agreed control plans and recommend corrective plans as required during project execution with the appropriate PMT personnel. Monitor, review, and endorse contractor deliverables in terms of VOWD reporting, trend management, and earned value analysis.

8. Advise the Project Leadership Team of potential cost issues early enough to mitigate them and provide guidance on corrective actions and measures to mitigate any adverse trends. In conjunction with Head Project Controls, develop and implement corrective actions and recovery plans, ensuring these are implemented in a timely manner.

9. Verify project commitments in line with approved budgets and ensure all change orders are duly submitted (about contractual compliance) and are subject to proper management approval. Develop in-house cost reporting solutions for managing project costs, ensuring accuracy, integrity, and consistency of data.

10. Provide support for EPC tenders' technical evaluations during the pre-EPC phase by developing tender evaluation plans, facilitating and coordinating the technical evaluation process, and developing technical bid evaluation reports.

Qualifications * Bachelor's degree in business, accounting, commercial, marketing, sciences, engineering, project management, supply chain management, law, communication, technologies, mathematics, or statistics.

Knowledge and/or Experience

* A minimum of 10 to 15 years' experience in a business-related function or discipline, including 6 years in the oil & gas industry and including 2 years' experience in a supervisory or acting role or oversight of contractor/subcontractor/service/vendor personnel.

* Proven cost estimating experience for major Onshore Oil and Gas FEED & EPC projects: preparation of Class 1-5 estimates, cost risk analysis, benchmarking, etc.

* Extensive knowledge in CAPEX/OPEX, TIC methodology, estimating norms/ratios, unit rates, WBS, price schedules, modularization, shutdown estimating, and brownfield/SIMOPS cost modeling.

* Significant experience with EPC Contracting entities; Certified Cost Engineer (AACE)

* Experience with oil & gas companies, EPC contractors, subcontractors, vendors, or service companies involved in the oil and gas industry.

* Strong knowledge in project business-related function/discipline such as planning, scheduling, cost control, estimating, claim management, risk management, change management, procurement, pre- and post-award contract management, actionable and informative reporting, support services, lessons learned, etc.

* Experience managing business functions/discipline.

* Extensive knowledge in international standards, best practices, and methodologies as it relates to business disciplines.

* SME-level competence in the cost estimating discipline.

* Knowledge of relevant business processes/procedures.

* Experience with the risk assessment approach in decision-making.

* Strong knowledge of relevant software and computer skills, e.g., dashboards, data analytics, SAP, etc.

* Experience working in large-scale operating organizations in operations, projects, subsurface, etc.

Equal Opportunities:

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