Cost Control Engineer

Position: Cost Control Engineer

Position Info:

Work Location: Base Office (30 km away from the city centre)

Position Schedule: ASAP, 1 year (renewable)

Qualifications & Experience:

Education: Higher Education, Degree in Business Administration, Economic Sciences, Accounting, Finance.

Work Experience: Minimum 3 years of similar experience within oil and gas industry.

Knowledge of Languages: English (fluent), Azerbaijani (fluent).

Other Skills/Certificates Required:

• Capability to ensure economic control of complex multicompany activities/projects at a consolidated level;
• Capability to establish the requirements and coordinate the implementation of tools and applications
necessary to support project control activities.
• Knowledge of international and national accounting standards and principles (mainly IAS/IFRS) in order to
understand and analyse financial books and records;
• Ability to apply cost control techniques and ability to analyse and control activity/project revenues and
costs, and to monitor progress and value of work done;
• Capability to manage complete project cost estimation, supporting the risk evaluation with cost estimate
elements.

Responsibilities:

• Establish and manage a cost control system in order to support the Project Manager decision-making
process and allow him/her to complete the project within the approved budget;
• Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the
effect of corrective actions taken is monitored;
• Create a cost awareness atmosphere among project team;
• Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating
with the proper interfaces.

At project initial phase:

• After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated
Cost Breakdown Structure according to the relevant procedure, reviewing the procurement/accounting
system adopted in each Operating Companies/Branches involved into the project, and verifying the
application of the CBS and the cost traceability;
• Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Management Plan, for the Project
Control Manager verification, according to standards and contract specification and configure the Cost
Breakdown Structure to monitor procurement and accounting activities;
• If not provided during the commercial phase, split the Commercial Budget according to the intercompany
scheme, contract and work schedule, in order to report revenues/costs by entity, currencies, and main
cost accounts and prepare the cash flow by currency;
• Coordinate the risk management activities start-up organizing the first brainstorming and the qualitative /
quantitative assessment of the identified risks and opportunities;
• Carry out the Montecarlo Analysis.

During the project execution phase:

• Ensure the Cost Control System works effectively and cost status is soundly assessed and reported;
• Monitor activity progress and the relevant earned value, as well as the value of work done against the
invoices received, determining the monthly accruals (to have accounts in line with works progress);
• Support the Project during the contract changes/claims process providing the cost impact analysis, and
keep updated the cost/revenues forecast relevant to intercompany services;
• Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation
from baselines or adverse trend and warn the Project Manager on time to take corrective actions in order
to prevent overruns;
• Maintain the risk management process organizing periodic meetings and verifying the risk owners
feedback;
• Issue the project and company reporting at project closure;

At project closure:

• Support the Project Control Manager in the preparation of the Project close-out Report and the costfeedback data to
Project Control and Commercial Departments.
• Fully adhere, at all times and irrespective of the work place, to Company Health, Safety, Environmental
and Quality (HSEQ) policies, procedures and requirements;
• Perform other related duties as assigned by Superior.


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Orion Group was founded in 1987 and is now one of the largest, independent, international recruitment companies. We have a network of 200 employees working from 24 offices, delivering a range of services – Talent Acquisition, Recruitment Outsourcing Services, Retained Search, Global Workforce Solutions, Completions & Commissioning and Materials Management – across 68 countries. As a global leader in workforce solutions, we recruit personnel across the Engineering & Technical, Office & Commercial, Scientific and Skilled Trades disciplines, for sectors including Oil & Gas, Life Science, Power & Utilities, Constructions & Infrastructure, Manufacturing and Renewables.