Senior Project Cost Manager

9 hours ago

Muscat, Muscat, Oman beBeeManager Full time
Job Title: Senior Project Cost Manager

We are seeking an experienced and highly skilled Senior Project Cost Manager to oversee the financial performance of a complex brownfield portfolio within the oil and gas sector.

The successful candidate will be responsible for managing project budgets, forecasting, budgeting, change control, earned value management (EVM), and cash flow analysis, ensuring projects are delivered within financial targets.

This role requires strong leadership capabilities to manage and mentor a cost team while collaborating with cross-functional teams including engineering, procurement, and construction. Candidates must have prior experience working for a professional services provider in the oil and gas industry and be adept at profit and loss (P&L) management.

Key Responsibilities:

  • Develop, manage, and control project budgets, ensuring alignment with commercial objectives.
  • Lead forecasting efforts, including Value of Work Done (VOWD), cost-to-complete (CTC), and cost-at-completion (CAC) analysis.
  • Track and manage cash flow, invoicing, and cost commitments, ensuring timely and accurate reporting.
  • Implement change management procedures to evaluate cost impacts of project variations.
  • Provide financial insights to drive project profitability and efficiency.

Earned Value & Performance Measurement:

  • Utilize Earned Value Management (EVM) techniques to track project progress and performance.
  • Conduct variance analysis and provide cost/schedule trend reports to stakeholders.
  • Work closely with planning and scheduling teams to interpret and integrate cost and schedule data.

Resource & Construction Cost Planning:

  • Support engineering and construction teams with cost-effective resource allocation.
  • Evaluate contractor and vendor costs, ensuring compliance with project estimates and financial objectives.
  • Review project schedules and assess potential cost impacts from schedule deviations.

Leadership & Team Management:

  • Lead and mentor a cost management team, providing training and development opportunities.
  • Foster a collaborative working environment across disciplines, ensuring alignment on cost and financial objectives.
  • Drive continuous improvement in cost management processes and tools.

Commercial & Profitability Management:

  • Support profit and loss (P&L) accountability, ensuring commercial viability of projects.
  • Engage with stakeholders to provide financial risk assessments and strategic cost-saving opportunities.
  • Ensure compliance with financial policies, contractual terms, and industry best practices.

Requirements:

A degree in Engineering is required.

Candidates must possess strong leadership skills and excellent communication abilities.

A thorough understanding of EVM and cost management principles is essential.

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