Cost Engineer
SINGAPORE SHELL EMPLOYEES' UNION CO-OPERATIVE LTD
As a Cost Engineer, you will:
• Develop Projects, Maintenance & turnaround event budgets and cost estimates for all phases.
• Provide Cost estimate support to the Maintenance Turnaround Construction (MTAC) group and Project Group.
• Be responsible for controlling, forecasting, and reporting projects, maintenance, and turnaround costs (CAPEX and OPEX) in all phases.
• More specifically, your accountabilities include the following:
Must understand and is responsible for the practical application Projects, Maintenance and Turnaround Downstream Standards including, but not limited to:
o Downstream Projects and Turnaround Work Processes
o Projects and Turnaround Estimating and Budgeting Recommended Practices
o Projects and Turnaround Cost Control Recommended Practices
o Projects and Turnaround Finance Standards
o Maintenance Work Processes
• Implements cost management and reporting processes for the MTAC execution plan, consistent with the Downstream & Finance Standard, and Downstream Recommended Practices in Estimating & Budget, and Cost Control.
• Forecasting, planning, reporting and cost control at the project portfolio level.
• Proactively monitor progress against the budget and provide management reports to the Project team and Project Manager including Latest Estimate information for Capex management purposes. Identify issues and propose solution.
• Support the Project and Turnaround and Maintenance (MTAC) execution in all logistic planning aspects.
• Establishes / complies with the Work Breakdown Structure (WBS) in GSAP / SAP and Primavera. Responsible for setup of each event WBS in the cost forecasting tool, with proper tracking through work orders and purchase orders.
• Responsible for the assembly of budgets for all assigned turnaround events, compliant with the recommended practice. Actual data will come from the individual event teams.
• Responsible for assembling the estimates at each phase for each turnaround event.
• Responsible for preparation and assemble of pre-spend and final approved budget.
• Responsible or preparation and submittal of required cost reports for department and for each event for all phases.
• Develop craft composite rates for estimating purposes, if required.
• Responsible for preparation of estimate for pro-rateables for project allocation.
• Responsible for proper application of direct field labor and prorateable definitions in the recommended practice to each estimate.
• Responsible for integrating scope growth, addenda, and discovery into the current forecast.
• Integrates force report information during execution, including the gate log IT system.
• Responsible to validate all invoices for department, ensure proper coding to required purchase order & approval for payment, entering service entries if required.
• Responsible for reconciliation of cost forecasting tool and accounting tool of record (SAP / GSAP).
• Responsible for closing of each Turnaround WBS to meet Financial Standard requirements including closing POs and Work Orders.
• Application of appropriate contingency for estimate quality (by means of a risk assessment or Monte Carlo approach).
• Sets up Vendor files, with rates, and collect contract T&C's that impact cost.
• Assist Contracts and Procurement (CP) with contractor reporting requirements and ensures appropriate language in contracts.
• Reviews all POs as issued per vendor per resource type and perform T&C analysis.
• Assist with training Shell and contractor personnel on reporting requirements and flow process.
• Verify and challenge committed cost information against contract T&Cs.
• Collect from GSAP all purchased material, warehouse issues, and outside shop costs.
• Enter all committed cost data into cost forecasting tool. Enter all on-site contractor labor cost from time sheets.
• Approves all invoices to ensure compliance with approved contracts and POs, and forwards to Imaging.
• Conducts random quantity survey of daily information received & random audit of contractor personnel and compare to field force reports during Turnaround execution.
• Analyses all cost data, flags troubled areas, communicate all exceptions to budget holders.
• Report "earned value" and productivity of all key contractors.
• Provides Forecast at Completion (FAC), Estimate to Complete (ETC) reports in approved format in a timely manner.
• Responsible for final forecast within 7 days of feed in at T/A completion.
• Responsible for Asset Capitalization submission within 3 months of TA completion.
• Responsible to track planned vs actual spent against +/- 10% estimate during TA execution.
• Compile and timely report of site/department cost reports, KPI, Capex and project latest estimate.
o monthly report of Capex Forecast and Spend for the Year
o identify delay and propose solution
• Maintain accurate project database to support the site project portfolio management.
o updating of Development and FID list based on latest cost estimate
o prepare capex budget for final endorsement
• Is mindful of and continues to look for opportunities to reduce turnaround scope, and plan and execute with low-cost mindset.
• Balances the need for accurate cost reporting with the administration of increased data collection, particularly during execution.
What we need from you
• 5 Years + Experience in planning & executing projects and/or turnarounds
• Has experience with budgeting, contract, and procurement management
• Bachelor's degree (minimum and accredited) of any conventional Engineering Discipline, Project & Construction Management or Quantity Surveying.
• Key Skills:
• Written and verbal communication skills
• Customer focus
• Works effectively in a Team environment and build consensus
• Computer skills - PowerPoint, Word, Outlook, GSAP, Excel, Project Controls Tools
• Leadership and coaching skills
Create and manage change
• Develop Projects, Maintenance & turnaround event budgets and cost estimates for all phases.
• Provide Cost estimate support to the Maintenance Turnaround Construction (MTAC) group and Project Group.
• Be responsible for controlling, forecasting, and reporting projects, maintenance, and turnaround costs (CAPEX and OPEX) in all phases.
• More specifically, your accountabilities include the following:
Must understand and is responsible for the practical application Projects, Maintenance and Turnaround Downstream Standards including, but not limited to:
o Downstream Projects and Turnaround Work Processes
o Projects and Turnaround Estimating and Budgeting Recommended Practices
o Projects and Turnaround Cost Control Recommended Practices
o Projects and Turnaround Finance Standards
o Maintenance Work Processes
• Implements cost management and reporting processes for the MTAC execution plan, consistent with the Downstream & Finance Standard, and Downstream Recommended Practices in Estimating & Budget, and Cost Control.
• Forecasting, planning, reporting and cost control at the project portfolio level.
• Proactively monitor progress against the budget and provide management reports to the Project team and Project Manager including Latest Estimate information for Capex management purposes. Identify issues and propose solution.
• Support the Project and Turnaround and Maintenance (MTAC) execution in all logistic planning aspects.
• Establishes / complies with the Work Breakdown Structure (WBS) in GSAP / SAP and Primavera. Responsible for setup of each event WBS in the cost forecasting tool, with proper tracking through work orders and purchase orders.
• Responsible for the assembly of budgets for all assigned turnaround events, compliant with the recommended practice. Actual data will come from the individual event teams.
• Responsible for assembling the estimates at each phase for each turnaround event.
• Responsible for preparation and assemble of pre-spend and final approved budget.
• Responsible or preparation and submittal of required cost reports for department and for each event for all phases.
• Develop craft composite rates for estimating purposes, if required.
• Responsible for preparation of estimate for pro-rateables for project allocation.
• Responsible for proper application of direct field labor and prorateable definitions in the recommended practice to each estimate.
• Responsible for integrating scope growth, addenda, and discovery into the current forecast.
• Integrates force report information during execution, including the gate log IT system.
• Responsible to validate all invoices for department, ensure proper coding to required purchase order & approval for payment, entering service entries if required.
• Responsible for reconciliation of cost forecasting tool and accounting tool of record (SAP / GSAP).
• Responsible for closing of each Turnaround WBS to meet Financial Standard requirements including closing POs and Work Orders.
• Application of appropriate contingency for estimate quality (by means of a risk assessment or Monte Carlo approach).
• Sets up Vendor files, with rates, and collect contract T&C's that impact cost.
• Assist Contracts and Procurement (CP) with contractor reporting requirements and ensures appropriate language in contracts.
• Reviews all POs as issued per vendor per resource type and perform T&C analysis.
• Assist with training Shell and contractor personnel on reporting requirements and flow process.
• Verify and challenge committed cost information against contract T&Cs.
• Collect from GSAP all purchased material, warehouse issues, and outside shop costs.
• Enter all committed cost data into cost forecasting tool. Enter all on-site contractor labor cost from time sheets.
• Approves all invoices to ensure compliance with approved contracts and POs, and forwards to Imaging.
• Conducts random quantity survey of daily information received & random audit of contractor personnel and compare to field force reports during Turnaround execution.
• Analyses all cost data, flags troubled areas, communicate all exceptions to budget holders.
• Report "earned value" and productivity of all key contractors.
• Provides Forecast at Completion (FAC), Estimate to Complete (ETC) reports in approved format in a timely manner.
• Responsible for final forecast within 7 days of feed in at T/A completion.
• Responsible for Asset Capitalization submission within 3 months of TA completion.
• Responsible to track planned vs actual spent against +/- 10% estimate during TA execution.
• Compile and timely report of site/department cost reports, KPI, Capex and project latest estimate.
o monthly report of Capex Forecast and Spend for the Year
o identify delay and propose solution
• Maintain accurate project database to support the site project portfolio management.
o updating of Development and FID list based on latest cost estimate
o prepare capex budget for final endorsement
• Is mindful of and continues to look for opportunities to reduce turnaround scope, and plan and execute with low-cost mindset.
• Balances the need for accurate cost reporting with the administration of increased data collection, particularly during execution.
What we need from you
• 5 Years + Experience in planning & executing projects and/or turnarounds
• Has experience with budgeting, contract, and procurement management
• Bachelor's degree (minimum and accredited) of any conventional Engineering Discipline, Project & Construction Management or Quantity Surveying.
• Key Skills:
• Written and verbal communication skills
• Customer focus
• Works effectively in a Team environment and build consensus
• Computer skills - PowerPoint, Word, Outlook, GSAP, Excel, Project Controls Tools
• Leadership and coaching skills
Create and manage change
JOB SUMMARY
Cost Engineer
SINGAPORE SHELL EMPLOYEES' UNION CO-OPERATIVE LTD
Singapore
15 days ago
N/A
Full-time
Cost Engineer