Senior Cost Engineer
AECOM Arabia
Total years of experience :15 years, 3 Months
Project
• NEOM Bay Phase 1
Responsibilities
• Perform required cost estimating, analysis, recording, control and reporting activities contributing to achievement of project objectives.
• Collate and analyze project cost data at the regional level and produce reports of project accruals as per as company processes and policies.
• Prepare and analyze cost reports including expenditure and planned project forecast to identify variances and recommend corrective measures
• Review and process interim payment certificates (IPC) and invoices for standalone contracts, contracts service orders and works orders.
• Support the PCM team by providing costing inputs for interfaces with client and contractors ensuring prompt resolution of variation orders/change reports.
Projects
• Saudi Aramco Jazan Projects - Jazan Port & Infrastructure project; Jazan Terminal project; Jazan Refinery project & Jazan IGCC project
Highlights
• Contributed to the successful financial close-out of the Saudi Aramco Jazan Terminal project.
Responsibilities
• Worked as a Service Contractor Employee - SMP with Saudi Aramco dealing with cost engineering duties related to assigned projects.
• Performed cost engineering tasks including preparation and analysis of project forecasts, cash flows and monthly project dashboards.
• Maintained and updated the monthly for the project by analyzing validating expenditure, commitments and forecast data.
• Supported the project close-out in successful financial close-out of completed projects.
• Verified invoices for reimbursable costs and construction & procurement costs ensuring compliance with work progress schedule and contract payment terms.
• Created and maintained Work Breakdown Structures (WBS) based on the Cost Breakdown Structure (CBS), ensuring charging of project costs to the correct WBS.
• Facilitated processing of contractors’ invoices by creating service entry sheets in the Saudi Aramco SAP system
• Prepared and processed monthly progress updates and budget item summary reports in SAP for review and action by senior management
• Produced monthly accruals for public projects and quarterly accruals for capital projects under the department.
• Assisted in the preparation of Project Change Requests (PCR) and cost overrun requests and requests for supplementary funds as per project requirements.
• Prepared year-end and mid-year accountability reports and cost analysis reports for management review
• Prepared overall operating plans and manpower plans for the department based on requirements of ongoing operations/projects.
• Reviewed monthly expenditure reports, identified variances from forecasts and recommended corrective action plans.
• Prepared weekly highlight reports covering key performance indicators (KPI) - value creation (expenditure forecasts, controllable costs) and operational efficiency (project schedule control, project scope & cost control, project on time completion)
• Dealt with reallocation of cost entries from operational costs to project costs and enabled correction of errors in cost entries
• Reviewed and processed quarterly and annual In-Kingdom Total Vale Add (IKTVA) reports submitted by contractors
• Generated contract reports for the entire program covering long form contracts (LFC), medium term contracts (MFC), change order logs, deductions & back charges reports
• Updated Enterprise Performance Management (EPM) dashboards on a monthly basis and provided variance analysis for each KPI
• Supported the department in contract close-outs as well as noncompliance in contracts and change orders in the Saudi Aramco Enterprise Governance, Risk and Compliance System
Responsibilities
• Checked, verified and validated all transactions entered the company’s accounting system and prepared invoices and credit/debit notes.
• Liaised with various departments and gathered inputs for finalizing project proposals and conduct cost analysis.
• Dealt with reconciliation of bank accounts, accounting reports and financial statements on monthly, quarterly and annual basis.
• Administered accounts receivables, petty cash, expense reports and managed monthly payroll ensuring adherence to approved labor rates.
• Coordinated audits of various departments including IT, purchasing, administration and proposals and followed up with feedback on audit findings for close-out of non-conformities
• Coordinated the installation & maintenance of computer networks, ISA and other servers, installation & repairs of computer hardware and troubleshooting & resolution of software issues.