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Job Ref.:

Job Title: Cost Analyst

Sector: ACCOUNTING,AUDIT,FINANCE,ECONOMICS,PURCHASING,INSURANCE ADMIN,

Location: SOUTH EAST -MAYARO,RIO CLARO

Town / City:

Job Type: Permanent full-time

Job description:

Cost Analyst

The Cost Analyst must have a comprehensive working knowledge of the Cost function within a project/maintenance environment. They must have the ability to take the lead on multiple projects concurrently and be an advisor from a cost perspective on all projects under purview.

Job Scope:

The Senior Cost Analyst must have a comprehensive working knowledge of the Cost function within a project/maintenance environment. They must have the ability to take the lead on multiple projects concurrently and be an advisor from a cost perspective on all projects under purview.

 Key Duties:

  • Comprehensive working knowledge of Project Controls.
  • Ability to understand client contracts to be able to speak to commercial contract clauses and risk where necessary.
  • Work with all relevant project and discipline personnel to ensure that cost control procedures are adhered to.
  • Prepare Cost Time Resources (CTRs) and change requests for approval by client.
  • Review cost commitment and expenditure information (for all cost elements), for input to the computerised cost control and reporting system on a weekly basis and ensure that all information received is accurate and correctly inputted.
  • Prepare monthly/weekly cost reports and advise key stakeholders of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner. Highlight areas of concern and suggest areas of improvement.
  • Measure Earned Value (EV) for each project.
  • Prepare other corporate/contract/project reports or presentations for internal customers (e.g. management) and external customers (clients).
  • Measure Value of work done (VOWD) for each project through the use of business systems.
  • Maintain comprehensive accessible registers of financial approvals, variations and change orders.
  • Review project man-hours and the allocation of man-hours in conjunction with Planners on a weekly basis.
  • Liaise with the Finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification.
  • Ensure that all cost related work is in compliance with the contract.
  • Maintain charge-out rates within computerised cost system ensuring they are up to date and all rate uplifts are implemented.
  • Maintain a full understanding of Massy Wood Group business systems.
  • Assist Estimator in preparation of estimates where necessary. Where possible prepare estimates for review by estimator.
  • Liaise with other disciplines in the control and forecasting of budgets and ensuring that all scopes including change requests are included.
  • Ensure that the corporate and contract-specific change control procedures are being adhered to.
  • Ensure all contracts are set up on system to accurately capture and report cost across contracts and projects.
  • Ensure proper change management process is carried out across all projects and in adherence to Massy Wood Group procedures.
  • Coordination of the time writing process within the computerised cost system.

Minimum Requirements:

  • BSc in Finance or a related field/ACCA or equivalent.
  • Three (3) years’ relevant work experience.
  • PMP certification will be considered an asset.
  • Experience in the Oil and Gas industry.
  • Good working knowledge of cost management software.
  • Good understanding of the basic principles of Project Management.
  • Good understanding of Cost Management, Planning, Estimating and Change Control.
  • Excellent verbal and written communication skills.
  • Ability to work unsupervised.
  • Ability to understand complex systems.
  • Ability to work in a team environment and provide input to the resolution of problems.
  • High degree of Computer Literacy.

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