Senior Cost Engineer - oshawa

Company Description

The RTOC Group specializes in integrating real-time wellbore placement and drilling optimization solutions into clients' core business operations. With a focus on innovation and efficiency, the company delivers tailored solutions that enhance performance and decision-making. Known for its expertise in the energy sector, The RTOC Group partners with clients to improve operational outcomes and drive sustainable growth. The organization's mission is to provide cutting-edge technologies and strategies to overcome industry challenges.

Job Description

Our client is looking for a Senior Cost Engineer to manage their Major Infrastructure Portfolio, which includes (2) major projects with scope for new Gas Plants, Pipeline Infrastructure, and Multi-Year Wells Programs, with the potential for additional revamp scopes at existing facilities on a contract basis.

Specifically, the client's Project Team is looking for a Senior Cost Engineer with 10+ years of experience in O&G to support this Portfolio. This role is a contract role (not employee) and will be based in-office in Calgary, with project locations in Alberta and BC. Minimal travel may be required. Project team works a hybrid schedule, with a minimum of 3 days per week in the office, with potential to be full-time in the office during Execute Phase.

he successful candidate must able to legally work in Canada as a consultant.

DESCRIPTION

a) General Position Definition

Cost engineering activity during all project phases (Identify & Assess, Select and Define).

b) Main activities:

Main activities can be summarized as follows:

• Lead and Maintain Project Baseline and Cost Management Framework: Identify and record the documents defining the project baseline (scope, cost and schedule).
• Maintain and implement project specific WBS (Work Breakdown Structure) and underlying CTR (Cost, Time, Resource) structure, populate with budget information and secure CTR owner sign-offs. Implement client standard CBS (Cost Breakdown Structure) within client and contractor processes. Establish consistent approach to treatment of multi-currency transactions. Develop Project Controls Plan aligned with Planning, Finance and Contracting & Procurement processes.
• Implement and maintain Cost Control Processes: Embed and maintain in Client and Contractor processes; Commitment capture, VOWD (Value of Work Done), Cost forecasting/phasing and Earned Value consistent with the company procedures. Establish Cost Report content and frequency, prepare and conduct budget holder reviews, and publish. Support Contracts and Procurement group by providing detailed cost and performance analysis.
• Maintain Change/Trend and Contingency Management: Embed the Change/Trend Management process, ensure all participants are aware of their responsibilities and the different classifications of a change/trend, and ensure that appropriate changes/trends are reflected in the regular cost forecast updates. Prepare forecasts and review with budget holders. Establish linkage between Change/Trend Management and Contingency Management, maintain the Contingency release process and ensure accurate current status is reflected in project report.
• Project Reporting: Develop, communicate and maintain the Project Calendar. Maintain the Project Management report and Senior Management reports consistent with company standards. In doing so consult with major project stakeholders to ensure all valid reporting requirements are met in an appropriate and efficient way. Contribute to and manage the compilation and approval/issue of project management and cost reports. Develop ad-hoc reports and presentations as required by the project appropriate for the intended audience. Implement process to capture critical project data for historical reporting.
• Analyze and present project leadership status and cost forecast, both for yearly and total project spend.

c) Purpose and Accountabilities:

Purpose

• To deliver standard, consistent, and robust cost management frameworks and procedures to the projects and particularly leading the cost team.
• Supply accurate and verified data to the project services manager and project leadership on which to base decisions.

Accountabilities

The key responsibilities of a cost engineer are to deliver standard, consistent, and robust cost management frameworks and procedures to projects. Including:

1. Deliver consistent but appropriate cost management structures for major, complex projects and sub-projects.

2. Lead implementation and maintenance of the project controls process and system (Cost Management Tool)

3. Roll-out of the Company standard tools and processes, as appropriate for each project's life cycle development & execution phase.

4. Implement Project Cost Management Plan.

5. Implementation of cost breakdown structures (CBS) and their population from the estimate.

6. Develop Work Breakdown Structure (WBS) and document Cost Time and Resource (CTR) sheets for phased cost estimates in line with the Company guidance notes for agreement and sign-off by the CTR budget holders.

7. Provide project guidance for creation of accurate monthly cost reports, identifying variances from the plan on commitment, value of work done, changes and currency fluctuations against approved Authorities For Expenditure (AFEs).

8. Implement the change management process for projects. Provide guidance on trend analysis and the assessment of change impacts on cost.

9. Implement Earned Value Management process consistently across projects/sub projects.

10. Lead and/or participate in peer reviews and other Assurance events.

11. Contribute to the development of junior staff through coaching and training in cost engineering practices, tools and techniques.

12. Maintain and promote realism in the cost forecasts in the face of commercial pressure and optimism from project teams.

13. Maintain consistency in cost bases through rigorous adherence to the controls processes.

14. Drive and raise awareness of the importance of developing the cost management structure in early project phases

15. Provide leadership to the Shell and Contractor cost teams – set direction, provide coaching and development.

d) Skills and Requirements

• Engineering Degree and/or Certification as a Cost Engineer or equivalent experience.
• Minimum 10 years industry experience in lead cost engineering positions (mainly Upstream, Deepwater experience)
• Excellent analytical, oral and written communication skills
• Experience in managing teams of junior personnel and managing virtual teams.
• Fully versed with Cost Control principles and techniques.
• Significant experience with typical tools for cost control, i.e. SAP, MS Excel, PowerBI, Ecosys.
• Excellent skills in team integration, presentation, and meeting facilitation

Job Type: Full-time, Fixed term contract

• Contract length: 12 months, with possibility of 24 month extension