Senior Cost Analyst - Durban at Worley

• Coordinate the overall cost analysis activities on one or more major projects / a portfolio of projects.

Provide Cost Control support to the Discipline Manager on one or more major projects / a portfolio of projects at any given time.

• Participate in the interpretation and definition of client requirements with particular reference to estimates and cost controls in one or more major / complex and strategic projects.
• Develop and maintain the project cost control system, including forecasting, monitoring.
• Develop a project-specific cost control system in accordance with the Project Execution Plan for inclusion in the Project Instructions Manual.
• Convert the Project Estimate to the Project Cost Control System.
• Develop and maintain a quantities database for forecasted and actual quantities and forecasts costs at completion based on the bill of quantities.
• Establish and maintain a project cost trends system and assist with the development of change orders.
• Monitor, analyze, and report on project cash flow / Cost Spreads.
• Assist the Project Controls Manager in the analysis of subcontract bids.
• Implement Safety, Quality, Ethical Standards, Lessons Learned, and Performance Management
• Establish and maintain a project Specific Dashboard reporting measure to assist project Managers and Project Controls Manager with project(s) trends and use it as a reporting tool for upper management.
• Coordinate interface between cost control, Finance and Quantity Surveying and Estimation.
• Refer to PCP-0001-COR-EN Project Breakdown and Coding Structures Standard
• Refer to PCP-0042-COR-EN Cost Management Standard
• Refer to INF-1300-COR-EN Project Start Up Checklist
• Progress measurement and Cost / Revenue Recognition Updates

Project Cost Reporting

• Internal Management reporting
• Monthly invoicing
• Assume responsibility for preparation, quality and accuracy of project cost reports.

Analyze project costs

• Gather necessary information from the project team and others to support timely and accurate cost reporting and forecasting.
• Monitor and control expenses within allotted project budget.
• Ensure that cost codes and contract numbers are used correctly in the accounting and contract administration systems.
• Maintain, analyse, and update the Project Cost Report, including accurate presentation and documentation of budgets, budget transfers, committed costs, forecasted trends, and contingencies.
• Coordinate with the project team to gather information needed to maintain the Project Cost Report.
• Monitor, analyze, and report on engineering and construction man-hours and expense expenditures against budget.
• Process invoices in a timely manner and prepare monthly accruals.
• Cost reporting as per Project Reporting Plan

Cost Performance Analysis and Monthly Forecasts

• In accordance with the EMS standards; WPMP and contract requirements.
• Cost control objectives are met throughout project life-cycle stages.
• High level of input quality and usefulness of documents produced.
• Establish liaison with project management and clients on all matters relating to cost control.
• Establish liaison with Project Management and the client (s) on all matters relating to cost control.
• Coordinate with project team to maintain an accurate man-hour forecast.
• Work with finance team in maintaining project accounting, budgeting and capital planning systems.
• Effective mitigation of financial risk, and efficiency.
• Maintain MoPC Variation Register.
• Efficiency and seamless work-flow.
• Compliance with Internal Controls, Authority Levels and Signing Powers.
• Assign and review work of subordinate cost analysis staff.
• Assign and review work of junior cost control staff.
• Evidence of collaborative work relationships on projects and QS input.

Zero Harm is maintained

• Interface with the PM and Finance to prepare monthly internal reports (PCS, FCS, WPR)
• Obtain “As-sold” Margins from Pursuit team and input to Project Control Statement (PCS) in Accenta.

Provide input into WPR in Accent

• Assist to prepare and implement Recovery Plan
• Work with finance team in maintaining project accounting, budgeting and capital planning systems.

Monthly PCS and WPR reports

• Review Status of Recovery Plan during MPR Meeting, if applicable
• Follow-up Actions and Close-out
• Project Close out and benchmarking

Input to Project Close Out and Historical Data Collection

• Refer to Project Close-Out Business Process Map CLB-0001-COR-EN

SECTION C: JOB SPECIFICATION

• Skills relevant to a job include education or experience, specialised training, personal characteristics or abilities.

REQUIREMENTS OF THE JOB:

• State the minimum educational, qualifications and experience that are required to perform the job competently:

Minimum Qualifications:

• Degree or Diploma in Quantity Surveying or Cost and Management Accounting or similar accredited qualification.
• Certification and membership by AACE (Association for the Advancement of Cost Engineers) or PMI (PMP) or similar accredited project management institute.
• Willing to undergo rigorous in-house Worley project controls and quality training
• Membership of AACE (Association for the Advancement of Cost Engineers).

Experience:

• A minimum of 8 years post qualification engineering / Project cost accounting experience in large construction / EPCM projects.

Personal Qualities

• Interest in project accounting.
• Focus and belief that Zero Harm is achievable.
• Action Orientation
• Commitment.
• Customer Focus.
• Drive for Results.
• Integrity and Trust.
• Analytical.
• Initiative.

COMPETENCIES OF THE JOB:

Capable of Building Effective Business Relationships.

• Dealing with Change.
• Drive for Results.
• Integrity and Trust.
• Leadership Skills including Strategic Ability.
• Planning & organizing, with strong project management skills.
• Can operate in environment of complexity.
• Ability to work in a matrix structure
• Managing Vision & Purpose, Command Skills, and Global Business Knowledge.