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Contract: Project Cost Lead / Basrah

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Added:2022-12-02
Location: Basrah
Salary:negotiable
Duration:Contract
Apjid3
We are looking for multiple Project Cost Leads to join a major operator in Iraq on a 28/28 rotation starting in March 2023.

As Project Cost Lead you will play a key role in delivering a complete suite of cost-control services and financial support for projects.

The Project Cost Lead duties and responsibilities are as follows:
  • Develop the project cost control strategy, plans and procedures, reflecting both company and contractor roles and responsibilities;
  • Adhere to the segment financial, business and project processes;
  • Address issues pertaining to project cost control procedures;
  • Coordinate development and implementation of project work breakdown structure / cost breakdown structure in concert with Project Lead and Project Planning/Scheduling Engineer;
  • Participate in the development of project execution plans;
  • Participate in the development of estimates and studies within a project stage and for sanction;
  • Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS;
  • Implement and monitor costs within each project stage and for entire project until completion or close-out;
  • Collect and compile progress and cost data, and develop cost-control worksheets and reports for review by delivery teams;
  • Provide cost input to commitment close-out process;
  • Review and audit contractor cost control procedures and practices;
  • Perform quality assurance on contractor cost-management performance;
  • Ensure the development of estimates and studies within a project stage and for sanction;
  • Coordinate or develop appropriate internal and external benchmarking and technical limits;
  • Coordinate preparation of cost risk analysis;
  • Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data;
  • Provide cost input to and implement the cost element of change management procedure
  • Provide cost input to and implement the cost element of risk management plan;
  • Coordinate the development of risk mitigation plans as delegated;
  • Link risk process to change process and estimate;
  • Coordinate and develop project work-in-place, commitment and estimate at complete forecasts;
  • Coordinate and develop project annual-spend projections, cost reconciliations and variance analyses;
  • Prepare project authorization for expenditure in concert with Project Lead and monitor approval process;
  • Assist and prepare cost performance management data;
  • Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices;
  • Work with Financial Control and Accounting function to ensure implemented processes conform to internal control evaluation requirements;
  • Prepare and implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar;
  • Develop and issue various reports to appropriate stakeholders;
  • Develop project close-out plan;
  • Work with business unit or project controller and accounting function to ensure adequate financial controls;
REQUIRED QUALIFICATIONS:
  • Extensive project control or project management experience on large projects;
  • Moderate or better experience level with cost management tools;
  • Ability to organize and prioritize work and meet deadlines;
  • Ability to recognize and solve problems;
  • Analytical ability;
  • Bachelor's degree.
EDUCATION: Minimum of a bachelors degree required
CERTIFICATIONS; None specified
LANGUAGES: English fluency required 


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