Our client is a growing and successful business operating in decommissioning and well-abandonment. Offering hybrid working and a dynamic team environment, this company will support your career development going forward.

The Cost Engineer is responsible for recording, monitoring, and reporting the correct costs to projects. The role also provides support to the projects department in raising Variation Orders and providing daily and weekly cost reports to clients. The role will involve monthly reporting on each project, including variance analyses, estimate to complete forecasting and narrative of a project's performance to date and to completion.

The successful candidate will be a highly analytical, operationally focussed, accurate individual who works well in teams and in a high-pressured environment. The role is cross-functional and therefore requires an individual who can build and maintain effective relationships. This role is offered on an initial six month contract basis with the view to be extended. You will be based in their office in the Southside of Aberdeen.

The Opportunity

Building a close working relationship with the Project Accountant, Financial Controller, Project Manager, and the finance team
Recording daily costs using the project system
Approve vendor CTR's (cost, time, resource) and check and approve vendor invoices
Support suppliers on any queries
Ensure all financial transactions are properly recorded and reporting is reliable and accurate
Monitor client purchase orders and track costs against these
Create Variation Orders for projects
Prepare daily, weekly, and monthly estimated cost reports for the ongoing projects
Perform month-end accounting activities such as producing project cost reports, ensuring all costs are recorded correctly and performing any project close out routines as required
Create monthly project cost reports which include actual and estimated costs to date as well as projections to completion, including variances against budget
Produce end of well cost reports and provide narrative to variances between reports
To provide analyses of the performance of projects over the project life
Facilitate timely and accurate progress billing to customers in conjunction with the finance and project teams
Support continuous improvement of internal control and standard operating procedures
Support the ongoing management of the ERP system and any project related system(s)
To support the tendering process as and when required
Establish a high level of credibility and manage strong working relationships with internal and external parties
Perform other duties, complete additional tasks, and support ad hoc projects as required

Key Outcomes

To ensure all project costs are recorded and are monitored and managed to a high degree of accuracy and all project reporting is completed in a timely manner
To ensure that financial and project systems are effective, robust, and compliant
To ensure that internal policies and procedures are maintained and effective
To ensure that there is effective, accurate and timely reporting to the finance, projects, and technical teams with timely billing of invoices
To perform month end activities in a timely manner that the assets of the company are protected and safeguarded
To build and maintain effective relationships internally and with key business partners, including third party suppliers
Regular and accurate reporting to the Financial Controller and Project Manager

Background and Experience:

Degree in Finance, Business or Management (Desired but not essential)
Experience in a similar role within the Oil Gas industry
Experience in supporting and developing ERP and operational systems
High integrity and openness combined with commitment to good governance
Organised, diligent, and dynamic, with the ability to manage multiple (and conflicting) workstreams to ensure successful delivery of our objectives
Excellent communications skills with colleagues as well as external stakeholders (ability to engage at all levels)
Team player and relationship builder
Ability to handle high levels of pressure and critical decision-making
Proficient use of ERP systems, Office 365, and advanced Excel skills
Experience of Microsoft Business Central (Desired but not essential)
Excellent verbal and written communications skills
Excellent analytical and reasoning skills, plus excellent organisational skills

Next Steps

If you are interested in taking the next step in your career or feel a change of environment or sector is your next path, this could be the ideal job opportunity for you! To apply please send a full CV. For a confidential discussion or more information, please reach out to Morgan McPherson at Hutcheon Mearns on 07568226388. Only candidates eligible to work in the UK will be considered for this role as no sponsorship is available.