Cost Management Specialist
7 days ago
Job Type: Contract, expected to work Full-Time hours
Cost Management Specialist Job DescriptionThis position involves managing and controlling costs related to mining projects to ensure financial efficiency and project success.
Required Qualifications:- Certifications: Cost Engineering qualification, preferably AACE International Cost Control Professional (CCP)
- Education: Bachelors degree in engineering, Quantity Surveying, Construction Management, or a related field.
- Professional Certifications: Professional certifications such as CCP (Certified Cost Professional) or AACE (Association for the Advancement of Cost Engineering) accreditation.
Minimum requirements:
- Experience: Minimum of 5-7 years of experience in cost engineering or cost control in industries such as construction, engineering, oil & gas, or infrastructure.
- Skills: Proven experience in managing project cost estimation, cost control, and forecasting processes on large, complex projects.
- Tools: At least 3 years of experience with cost management tools such as Primavera, SAP, or Oracle Primavera Unifier.
- Microsoft Suite: Microsoft Suite (Word, Excell, PowerPoint)
- Cost Management Tools: SAP, Oracle, or Primavera P6
Skill:
- Cost Management: Proficiency in cost management and financial analysis software such as SAP, Oracle, or Primavera P6.
- Cost Estimation: Advanced knowledge of cost estimation methodologies, including top-down, bottom-up, and parametric estimating.
- Communication: Excellent communication and report writing skills to present cost information to non-technical stakeholders.
- Financial Principles: Solid understanding of financial principles, such as budgeting, accounting, and financial reporting.
Responsibilities:
- Cost Estimate Review: Review of the cost estimate (incl. comprehensive understanding of the basis of estimate), cash flow forecast and alignment with scope, WBS and schedule
- Cost Control Plan: The development of an integrated cost control plan incorporating all stakeholders and technical functions, with specific emphasis on integration with the Schedule Management Plan
- Cash Flow Monitoring: Monitoring all cash-flow, providing accurate reports of progress, variance to plan, root causes and remedial actions
- Risk Identification: Monitoring the greater environment to identify the potential risks to the cost and financial model
Behavioural Traits:
- Attention to Detail: Must demonstrate a high level of precision in cost reporting and forecasting to avoid inaccuracies that may impact the project's financial health.
- Proactivity: Should actively monitor cost trends and implement corrective actions as soon as cost deviations or risks are identified.
- Critical Thinking: Ability to analyse data, foresee potential cost challenges, and propose solutions or alternatives that minimize financial risk.
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