Head of Cost Estimating

Head of Cost Estimation

Head of Cost Estimation

Job Purpose

• Provide advice on cost management including estimating, forecasting,
• reporting, allocation, planning and stewardship for costs and expenditures Projects.

Qualifications (Mandatory)

• Bachelor’s degree in business, Accounting, Commercial, Marketing, Sciences, Engineering, Project Management, Supply Chain Management, Law, Communication, Technologies, Mathematics or Statistics.
• 10 years’ experience in business related function or discipline, including 6 years in the Oil & Gas Industry, and including 2 years’ experience in a supervisory or acting role, or oversight of contractor/subcontractors/service/vendor personnel.
• Strong knowledge of relevant software and computer skills, e.g., dashboards, data analytics, SAP, etc.
• Experience working in large scale operating organizations in Operations, Projects, Subsurface, etc..

Job Description

• Develop efficient cost services and provide expert advice on cost estimating, forecasting, accounting, allocation, planning, reporting and control issues to ensure effective processes are utilised throughout the project life cycle.
• Lead the financial input into Funding Packages submittals such as Advance Commitments (ACs), Full Funding (FF), Supplementary Funding whenever required and recommend budget transfers to ensure that all necessary funding is provided, and Project Cost at Completion is aligned with the approved budgets.
• Develop and maintain benchmarking (manhour, cost, productivity, etc.) database to provide support for estimating requirements as required.
• Estimate and challenge the cost for potential change orders/claims by the FEED/EPC Contractor.
• Forecast cost estimates and prepare annual Work Program and Budget (WP&B) taking full consideration of project scope, progress achieved and pending to complete scope.
• Conduct probabilistic cost risk analysis to determine contingencies and accuracy ranges.
• Facilitate the monitoring of contractors and project’s cost performance comparing to agreed control plans and recommends corrective plans as required during project execution with the appropriate PMT personnel. Monitor, review and endorse Contractor deliverables in terms of VOWD reporting, Trend Management and Earned Value Analysis.
• Advise Project Leadership Team of potential cost issues as early enough to mitigate, provide guidance on corrective actions and measures to mitigate any adverse trends. In conjunction with Head Project Controls develop and implement corrective actions and recovery plans ensuring these are implemented in a timely manner.
• Verify Project Commitments in line with approved budgets and ensure all change orders are dully submitted (about contractual compliance) and are subject to proper Management approval. Develop inhouse cost reporting solutions for managing Project Cost ensuring accuracy, integrity and consistency of data.
• Provide support for EPC tenders technical evaluations during Pre-EPC phase by developing Tender Evaluation Plans, facilitating and coordinating the technical evaluation process, and developing Technical Bid Evaluation reports.
• Interested?
• Email your CV to
• mahirah.marisa@airswift.com