Cost Engineer

This is a fully remote position, open to applicants in Louisiana, +1 more state.

📋 Description

• Act as the subject matter expert for managing turnaround costs and cost control procedures.

• Create and sustain project cost estimates throughout the turnaround lifecycle, from Initial Cost Estimate (ICE) to Turnaround Cost Estimate (TCE).

• Oversee cost control systems to guarantee precise, timely, and trustworthy financial reporting.

• Monitor project spending and capital allocations, update forecasts, and identify cost risks and opportunities.

• Track and report on budget-to-actual performance, while recommending enhancements to financial results.

• Prepare and deliver financial reports and cost analyses to aid business and management decision-making.

• Assist with Preliminary and Full Funding Expense Authorization Requests.

• Conduct cost-benefit analyses for turnaround and maintenance initiatives.

• Engage in the TAR core team through scope development, alignment, detailed planning, execution, and closeout phases.

• Monitor turnaround costs during the execution phase and provide field teams with cost reporting and financial advice.

• Supervise Field Change Orders (FCOs) and evaluate cost implications.

• Confirm capital versus expense classifications and the appropriate financial handling.

• Formulate standardized cost management processes, policies, procedures, tools, and training materials.

• Develop programs that enhance cost predictability, compliance, and service excellence.

• Collaborate with DT and business stakeholders on applications and digital solutions for turnaround cost management.

• Establish and track KPIs for cost competitiveness and operational performance.

• Advocate for uniform turnaround cost practices across North American subregions.

• Travel approximately 25% domestically and provide on-site support during crucial turnaround phases.

⛳️ Requirements

• High school diploma or equivalent is mandatory.

• An Associate's or Bachelor's degree in Engineering, Construction Management, Finance, Accounting, Project Controls, or a related field is preferred.

• 3-5 years of experience in cost engineering, project controls, cost management, financial analysis, or a related area.

• Strong grasp of estimating, forecasting, budgeting, and cost reporting methods.

• Proficiency in SAP and advanced skills in Microsoft Excel.

• Experience in interpreting and utilizing Primavera P6 schedules and reports.

• Excellent analytical, communication, and problem-solving abilities.

• Capability to work independently and effectively in both office and field settings.

• Experience in supporting turnarounds, outages, shutdowns, maintenance activities, or industrial projects.

• Knowledge of capital and expense accounting practices.

• Familiarity with continuous improvement initiatives and KPI development.

• Background in industrial manufacturing, chemicals, energy, refining, or similar industries.

• Proven track record of developing standardized processes, programs, and training materials.

🏝️ Benefits

• Affordable medical, dental, and vision insurance available from the first day of employment.

• 401(k) retirement savings plan with 100% vested company core and matching contributions.

• Paid vacation, holidays, and sick leave.

• Adoption assistance.

• Flexible spending accounts.

• Life Insurance (AD&D) and Supplemental AD&D available.