Senior Cost Analyst

Massy Wood is recruiting for a Senior Cost Analyst with extensive experience in an EPC project environment within the oil and gas industry.

The Senior Cost Analyst must have a comprehensive working knowledge of Cost the function within Project Controls. 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.

• Comprehensive working knowledge of client contracts with Massy Wood Group. Must be able to speak to Commercial contract clauses and risk where necessary.
• Comprehensive working knowledge of Project Controls and interfaces with Planning and Estimating.
• Work with all relevant project and discipline personnel to ensure that cost control procedures are adhered to.
• Prepare Cost Time Resources (CTR’s) for approval by client.
• Prepare change requests for approval by client where necessary.
• Reviewing cost commitment and expenditure information (for all cost elements), for input to the computerised cost control and reporting system (Mpower) on a weekly basis and ensuring that all information received is accurate and correctly input.
• Prepare monthly/weekly cost reports and advising key stakeholders of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner. Highlighting areas of concern and suggesting areas of improvement. Each cost report should clearly demonstrate the progress of Cost Performance Index (CPI) per project.
• Measurement of Earned Value (EV) for each project.
• Inform key stakeholders of commercial risk in each project being managed.
• Preparation of other corporate/contract/project reports/presentations for internal customers (e.g. management) and external customers (clients).
• Measure Value of work done (VOWD’s) for each project through the use of business systems.
• Adherence to Massy Wood Group Project Control Procedures.
• Maintaining 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.
• Liaising 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 (Mpower), ensuring they are up to date and all rate uplifts are implemented.
• Maintain a full understanding of Massy Wood Group business systems.
• Ensure that adequate control of commitment is in place.
• 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 in Mpower 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.
• Support Business Development team in new business activities.
• Coordination of the time writing process within the computerised cost system.

• BSc in Finance or a related field from a recognised university/ACCA or equivalent.
• At least seven (7) years relevant work experience.
• Experience in the Oil and Gas industry.
• High degree of Computer Literacy.
• Good working knowledge of Microsoft Office software including Word, Excel, PowerPoint and Outlook.
• Good working knowledge of cost management software e.g. MPower or equivalent.
• 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 multitask.
• Ability to work in a Team environment and input to the resolution of problems.
• Valid Certificate of Good Character (must not be older than 6 months).
• Preference will be given to national citizens or permanent residents of Trinidad & Tobago.

This role does not provide sponsorship for relocation.