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Cost Engineer
3 months ago
Personal Attributes, Education & Qualifications:
- Bachelor's degree in Finance, Commerce, Business Administration, Accounting, Economics, Cost Engineering, or a related field.
- Valid certifications such as CPA, CMA, PMP, CAPM, or similar are advantageous.
- Ability to work independently with a strong sense of responsibility.
- Proficient in Korean and Chinese or English and Korean (both verbal and written).
Position Recommended Qualifications, Experience & Skills:
- Minimum 3 years of experience in cost control, project finance, or related roles.
- Familiarity with international standards and Codes of Practice.
- Experience in project budget and cost management or cost estimation, including preparation and forecasting of annual budgets.
- Proficiency in financial management and project control software tools (e.g., SAP, Oracle).
- Strong analytical and problem-solving skills.
- Attention to detail in financial analysis, budgeting, and reporting.
- Ability to support management decision-making with valuable cost-related insights.
- Computer literacy, especially in MS Office (Excel).
Position Role and Responsibilities:
- Review and understand project documentation, including scope of services, project execution plans, and schedules.
- Develop, maintain, and monitor cost reports and associated documents.
- Oversee the cost estimation component through the EPCIC phase, ensuring alignment with project schedules.
- Maintain manpower projection plans for the project control team, liaising with relevant managers to ensure resource availability.
- Implement cost planning strategies for Oil & Gas fabrication projects.
- Manage project budgets, ensuring alignment with financial goals.
- Implement cost control measures and conduct financial analysis to support decision-making.
- Prepare financial forecasts and conduct variance analysis.
- Assess financial impacts of project scope changes and manage change orders.
- Generate and present comprehensive cost reports.
- Collaborate with various teams to gather cost-related information.
- Ensure compliance with financial regulations and industry standards.
- Identify opportunities for process improvement in cost control and reporting.
HSE
- Ensure personal safety and the safety of others.
- Focus on quality and HSE, adhering to all safety procedures and PPE requirements.
- Play an active role in HES-related areas.
Other Skills
- Provide leadership to the Project Management team.
- Develop relevant procedures and guidelines.
- Complete necessary documentation as requested.
- Review and comment on vendor documents as required.