.COST CONTROL ENGINEER REPORTS TO: Project Services Manager POSITION OVERVIEW Member of the Project Team in Madrid.The Cost Control Engineer shall implement overall cost controls for the Project (cost control, planning and reporting, progress measurement, management of change). DUTIES AND RESPSONSIBILITIESImplementation of cost control standards for the project in accordance with the E&P procedures.Set up the project cost control baseline in the Corporative Project Cost Control tool.Prepares VoWD, accruals and forecast on monthly basis or with the required frequency. Follows approved cost baseline:Providing variance analysis: Identifies and analyzes deviations between the committed cost,approved budget, the Value of Work done and the actual cost, differentiating cost changesand FOREX.Predicting EAC, ETC and FAC ensuring accuracy as per WBS scope and vendor contracts.Preparing cost progress S-curves.Manage the use of project contingencies to ensure their appropriate use.Support the Contract Holder providing correct cost allocation of PO Position/lines to WBS.Register SES complying with invoicing procedure.Supports Planning & Performance department on preparation of annual project budgets, monthly reforecasts, and monthly cost reporting.Prepares AFEs for Regulator and Partners, with correct allocation of costs to WBS.Creates periodical reports complying with the reporting requirements for the different stakeholders, including key performance indicators and highlighting the impact of deviations in cost.Provides input to monthly reports and project monthly executive reportUpdate the project budget, the time forecasts of committed costs and the payments to suppliers and contractors to ensure accurate and timely payment. Establish the cash flow to ensure availability of funds according to the requirements of the Company.Participate in gathering lessons learned for the project. Provides support to the Project Services Sr Manager to:Develop and maintain the project services related plans and procedures.Cost control requirements in contracts scope of work preparation, evaluation, and award.Monitor and appraise the performance of the Contractor(s) in areas of cost control, progress measurement and control.Implement and administer the project change control process. SKILLS AND QUALIFICATIONSUniversity degree in engineering or management.5+ years of experience in project controls focused on cost control in Oil & Gas Industry.Experience in dealing with engineering and construction contractorsFamiliarity with project management tools and demonstrated PM methodology experienceStrong understanding of Microsoft Office Suite (Outlook, Excel, Word, PowerPoint).SAP knowledgePreferred: Experience in working in offshore developments.English: Advanced written level and fluent speaking level is essential.Spanish: Excellent written level and fluent speaking level is essential.Able to apply logical thinking before performing tasks or delivering results
