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Job Details

(PS-52) Cost Engineer

St. John's, NL

Closing Date
Friday, December 21, 2012

Job Description

Upstream Solutions Inc (USI) is currently seeking applications for the position of (PS-52) Cost Engineer in connection with the development of the Hebron Project, one of Newfoundland and Labrador's premier Oil and Gas Projects.

The Cost Engineer is responsible all aspects of the EPC contractor and subcontractors project cost control and reporting, including project change management, estimate development, and cost control.
Responsibilities and duties:
1. Provide overall project cost, estimating, and change management leadership and expertise
  • Participate in kick-off meetings with the EPC contractor and subcontractors PMT to ensure common understanding of cost, estimating, and change management requirements
  • Conduct briefing sessions for project team members with respect to project cost control requirements and processes
  • Cooperate with independent project review teams and post audit activities with respect to project services functions
  • Participate in gathering and recording lessons learned for the project
  • Develop Project Cost Flows to assist Accounting in cash management
  • Champion cost stewardship process across entire organization

2. Supporting PMT and Cost Stewards with ongoing project cost analysis, reporting, forecasting, budgeting and Change Management.

  • Develop and document Control Estimates and Budgets (annual and multi-year), and ensuring that these products reflect the approved project design/execution scope
  • Analyze cost trends, develop and review cost forecasts
  • Prepare monthly cost reports (budgets, forecasts, expenditures, commitments and Work in Place [WIP])
  • Maintain ongoing cost vulnerability/cost reduction opportunities database
  • Review Controller's monthly Stewardship Report for actual invoice bookings
  • Develop monthly estimates of Work-In-Place (WIP) for EM and 3rd-party costs
  • Develop monthly expenditure and commitment forecasts
  • Monitor and report on cost implications of changes
  • Participate in contract commercial bid evaluations (as required)
  • Participate in developing Contract Price Budgets
  • Interface with Controllers regarding AFEs/budgets and invoices
  • Respond to ad hoc requests from PMT related to Controls/Reporting
3. Monitoring and appraising the performance of Contractor's Site in the cost area.
  • Examine and evaluate the Contractor’s and subcontractors’ cost control organization, plans, performance and procedures
  • Review and, where appropriate, endorse cost Baselines and forecast prepared by contractors
  • Analyze cost and productivity trends developed by contractor
  • Review cost bases of contractor's Change Proposals - review and endorse Change Orders - monitor, analyze and report contractor invoices
  • Assist site management in developing/reviewing cost and schedule corrective actions and recovery plans, and making sure needed actions/plans are implemented.
  • Offshore Engineering, Procurement, and Construction experience, experience is preferred
  • Experience with offshore project management is an asset
  • Experience in managing relevant contracts (Unit Rate, Reimbursable, Lump Sum)
  • Willing to travel overseas if required on an occasional basis
  • Willing to travel locally on a regular basis (Bull Arm, Marystown and other fabrication sites within Newfoundland)
  • Knowledge of Project controls principles, theories, and concepts
  • Knowledge of ExxonMobil practices, processes, and expectations with respect to project controls is an asset
  • Bachelors of Science Degree in Engineering, Engineering Technology, Business Administration with relevant experience
  • Extensive competency with Microsoft Excel (specifically pivot tables) and Microsoft PowerPoint
  • 5+ years experience in the oil and gas industry
Based on local regulations (Atlantic Accord) first consideration will be given to qualified Newfoundland and Labrador residents (those currently residing in province).  Those outside the province, wishing to repatriate, will be considered a strong second in priority.

If you are interested in this job, please submit your resume to

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