Massy Wood is currently recruiting for a Junior Cost Analyst with experience in the Oil and Gas industry.
The Junior Cost Analyst is responsible for the preparation and reporting of project cost budgets, and the tracking, management and reporting of project expenditure to enable robust control of projects throughout their lifecycle.
They will also support senior members of the cost team through the preparation and reporting of project cost budgets, in accordance with contractual requirements and Massy WG policies, procedures and standards. This will typically involve the review, analysis and reporting of actual and forecasted project costs against the project approved budget.
- Assist in the development and maintenance of Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes
- Assist in the development of project budgets in accordance with the Basis of Estimate including statements of work scope, assumptions, man-hour estimates, narratives and review & comment of client documents
- Liaise with procurement, finance and time-capture functions, and third parties as required, to support accurate and timely capture of procurement, materials, subcontract and labour manhour costs, allocating costs in accordance with approved project WBS
- Liaise with engineering, procurement and construction functions, and others as required, to
- maintain awareness of project activities and their impact on the project budget, schedule and cost forecast.
- Support the project work approval process in terms of accurate cost code allocation and initial budget set-up and approvals
- Assist in the development and maintenance of project cost budgets using appropriate software applications
- Monitor cost commitments and expenditures through all phases of project lifecycle
- Provide input to project cost performance reports in accordance with project reporting requirements
- Support the preparation of updates to project cost forecasts
- Assist in the monitoring and reporting on cost impact of project manpower forecasts
- Assist in development of project change orders / variations in accordance with engineering and construction change notifications
- May facilitate and communicate cost and schedule impact of change notifications.
- Monitor overall project cost performance and contingency drawdown.
- Attend project meetings as required.
- Participate in the project cost close-out process.
- Attend cost & estimate risk analysis sessions as required
- Participate in Project Controls Compliance and Continuous Improvement Reviews