Search for Job Vacancies and Career Opportunities in Nigeria

Cost Engineer At WTS Energy

Date Posted: 27/May/2014
Deadline: 14/Jun/2014

About WTS Energy

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industry. We supply consultants to projects and operations of our clients and perform outsourcing services such workforce management in oil and gas regions around the world. Our clients are based globally and offer a myriad in oil and gas and energy vacancies. WTS Energy positions in any phase of the project lifecycle; from Geoscience, Drilling Management and Supervision, (FEED) Engineering, Construction, Commissioning and Start UP, Operations and Maintenance. WTS Energy operates globally with offices in 14 countries.

Job description Cost Engineer

  • Provide support to individual Project Engineers (PE’s) in establishing and maintaining up to date Authority For Expenditure (AFE) and related supporting documents including variance analysis of cost over/underuns.
  • Monitor expenditure monthly on a Value of Work Done (VOWD) basis for all ongoing Projects(contracts) and department/team budgets and in conjunction with Project Engineers (PE’s) produce cost forecasts (latest estimates) to provide timely notification of potential over/underruns against approved budgets (AFE’s).
  • Produce monthly/quarterly/annual variance and trend analysis expenditure reports and explain key cost movements with respect to commitments, actuals (VOWD basis), latest estimates against plan as agreed with responsible PM’s.
  • Provide support to PE’s to establish and maintain cost progress S-curves (inclusive of actuals, forecasts, and commitments) for all ongoing ProjectsPrepare overall department rolled up reports on the same basis.
  • Produce cost reports (monthly, quarterly and annually) as required, giving planned, actual and forecast costs, for all ongoing projects and contracts, in line with the agreed AFE’s/WBS.
  • Produce other ad-hoc reports on cost information that may be required from time to time.
  • Review and verify monthly accruals as produced by Project Accountants/PE’s to ensure that they are correctly align with VOWD reporting against AFE’s and overall budgets.
  • Maintain a Cost Estimating system (including Cost Breakdown System), including a database of historical project costs, and provide cost estimating support to PE’s for new projects / project variations and to assist in forecasting of costs to completion.
  • Maintain a system for storage and retrieval of Facilities departmental budget and cost documents.
  • Provide support to PE’s in their preparation of proposals to TB for both new contracts and contract variations to cover cost over/underruns.
  • Establish and maintain close interface liaison with assigned Project Accountants.

Key Performance Indicators/ Performance Goals:

  • Maintain accurate tracking, analysis and reporting of departmental budget performance at individual Project/AFE level to ensure that cost overruns are indentified prior to incurring any unauthorised expenditures.
  • Prepare the cost input to the departmental monthly report by the 10th working day of the following month.

Requirements Cost Engineer

  • University degree or Higher National Diploma in engineering or relevant technical discipline.
  • Membership of a relevant Professional Institution preferred but not essential.
  • Minimum 8 year’s experience as a Cost Engineer within the oil and gas industry.
  • Familiarity with Cost Control and WBS/CBS systems
  • Full capabilities in MS Word, MS Excel, MS Power Point.
  • Good understanding of the key activities involved in Project Management of oil and gas projects within both onshore and offshore environments.
  • Sound knowledge and practical experience in estimating, forecasting, monitoring and reporting project costs within a project engineering environment.
  • Proficient in MSWord/Excel/Powerpoint
  • Good interpersonal skills required, including the ability to liase with Project Engineers and Project Accountants to extract, as well as provide, key information relating to project costs.
  • Well developed ability to prepare reports, narratives and presentations that are accurate, to a high level of quality and on time.

Terms & Conditions Cost Engineer

  • Work Cycle:Monday - Saturday (7.30 a.m. - 4.30 p.m.) With flexibility as and when required to suit operational requirements.



Method of Application

Interested and qualified? Click the Apply now button to send your application

Apply Now  

Subscribe to FREE Job Alerts.


Subscribe to Job Alert
Filter Jobs
  • Location



    Job Type



Latest Jobs and Recruitment in Nigeria Today is the fastest-growing jobs in Nigeria job listing platform .

JustJobsng is Nigeria's leading online jobs site, providing the latest job vacancies and recruitment in Nigeria in a variety of industries and locations in Nigeria.

Search for all job vacancies in Nigeria here on Nigeria’s #1 Job site. Everything latest jobs in Nigeria, Jobs in Nigeria, recruitment in Nigeria, vacancies In Nigeria and employment opportunities in Nigeria is our forte.

Browse our website and search current job opportunities that meet your search criteria. Also you can help yourself with our career resources that will assist you when preparing for an interview.

Our job services are FREE. We strive to post only genuine/Verified Jobs.

Sign up for latest jobs and recruitment offers in Nigeria today!