Cost Control Engineer

Job Title: Cost Control Engineer
Location: Noida
Type: Permanent

Job Details
An excellent opportunity to work for one of the World’s most admired Licensor organization based in their India office in the Noida. They are dealing in EPC / PMC and Cracker Technology.

Brief Description
Cost Control Engineer Perform and support the upcoming workload project requirements of Oil & Gas projects.

The major responsibilities are:
• Setting up Budgets & implementation of Cost Control Tools.
• Estimation of Total Forecasts and Expected Outcomes.
• Commitment Control: Analysis of differences between budget, forecast and the commitments of each project in terms of cost, while paying particular attention to any drift in the budget. Issuing early warning signals to all Stake holders on budgetary drift.
• Assisting Project Managers in Optimizing and improving budgeted projects.
• Generation of monthly internal / external status reports (PMR)
• Development of Cash flows and providing the Accounting department with necessary information for invoicing and accounting.
• Development of statistical and close-out reports, with a view towards improving feedback data and Estimation tools on the future contracts / proposals.
• Act as a project point of contact for internal and external audits of all cost control functions by providing full assistance to the auditors.
• Establishes and manages the risk organization for the project.
• Defines and manages the preparation and issuance of all required risk procedures and ensures their due application by all parties throughout the duration of the project. This includes coordinating, training the tools and procedures.
• Identifies risk across all areas of the project through organization of regular risk assessment sessions with various areas, functional managers and groups.
• Ensures that appropriate mitigation actions are agreed and are being implemented. This includes ensuring ownership of all significant risks.
• Works with risk owners to put in place documentation for all controls and risk mitigation plans against ‘very high’ risks.

Qualifications
You must be able to demonstrate and evidence the following:

BE / B Tech / ME / M Tech – Engineering with 5 to 11 Years of relevant experience in Oil & Gas, Refinery EPC project.
Excellent verbal and written communication and presentation skills.