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Cost Coordinator - Pipeline Construction
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Cost Coordinator - Pipeline Construction

Job Description

One of North America’s premier pipeline and midstream companies

Provide Proactive Financial Analysis


* No sponsorship provided at this time

  • Implement and utilize the cost forecasting/reporting protocol with project teams based on project cost control guidelines (i.e. the Project Cost Plan).  This includes use of existing cost breakdown structure to build cost models.
  • Work with various Project Managers, develop project expenditure plans and provide project cash flow schedules to Business Development for use in economic analysis.
  • Prepares data for integration into cost reports and cost allocation plan; reviews cost & financial documents for accuracy, integrity and content.  Conducts rate analysis to determine appropriate reimbursement levels and sets rates accordingly (reviews rate schedule vs. invoice bill rates).
  • Provide accurate cost variance analysis of project based on comparisons that include (1) forecasts versus budget, (2) current forecast versus prior period forecast (3) current month actual activity versus prior month estimate, and (4) total indicated costs versus PFA to assist Team in analyzing cost control activities and to serve as the basis for corporate project variance explanations.
  • Analyze project budgets, cost forecast and cash flow reports.  Identify issues and trends for Project Managers and Project Control Coordinators and help resolve them.
  • Interface with all functional areas (i.e. Construction, ROW, Procurement, Construction Outside Services, Legal, Transmission, Public & Governmental Relations, Design, Environmental) with regard to estimates to complete, cash flow, commitments, burn rates, and other potential project information necessary for thorough project analysis, monitoring and control.
  • Prepare annual project budgets as required by corporate capital budget guidelines.

This position is expected to relocate at some point after 6 to 12 months of contract work to Raleigh, NC.

There are several large- scale, >$1B, projects being developed in the Houston Office but which will eventually have project team offices established in the project’s geographic area.  The project control resources we are seeking would have the opportunity to work on these projects but those opportunities will be decided at a future date and will be based on the skill set, and relocation flexibility, of all of our resources, both new and existing.


 

 

Capital Project Cost Reporting

  • Provide project capital cost and cash flow support to Project Managers, Directors, and Project Control Coordinators.
  • Provide monthly cost forecast, cash flow, and variance reporting on the Capital Projects to the Engineering & Construction Financial Services group.
  • Prepare cost estimates (i.e. estimated to complete) and Total Indicated Costs, which include actual costs, and reporting during all stages of project execution.
  • Ensure cost reporting/estimating for each stage of the project is aligned with the corporate objectives and reviewed for the PFA cost control overrun threshold defined by the corporate policy.
  • Interface with Engineering Financial Services group at all stages of the project to ensure consistency of information while reporting accruals and making cash projections.
  • Coordinate & review Project Change Notices with Project Managers (or as dictated by the Project Cost Plan) to determine impact to forecasts throughout the life cycle of a project.

 

Provide Project Accounting Support

  • Secure work orders for Project Managers as required to capture project costs and monitor expenditures and forecasts on a monthly basis against approved PFA and work order authorizations.
  • Support the Project Mangers in reviewing, checking, processing and coding project monthly invoices.
  • Implement and utilize the cost forecasting/reporting protocol with project teams based on project cost control guidelines (i.e. the Project Cost Plan).  This includes use of existing work breakdown structure codes to build cost models.
  • Monitor all information on the SAP Project Builder including the estimated and actual In Service and Completion dates.
  • Ensure that the cash flows follow SAP template and WBS requirements.
  • Comply with Business Development and Regulatory requests for cost analysis

Job Requirements

  • Work outside of normal hours is sometimes required to meet special deadlines.
  • Travel may be required from time-to-time to project locations, special meetings and training.
Education:
  • Bachelor’s degree in finance-related area preferred but not required; work experience can be considered in lieu of degree.

Work Experience

  • Minimum of 5 years experience in the areas of budgeting, forecasting, project controls, cost accounting, project management, planning, and risk management.
  • Exposure to pipeline construction project work is a plus.
  • Strong client focus with proven success.

Competencies (computer, communication, negotiation, purchasing, etc)

  • Ability to work in a team environment.
  • Strategic thinking, as well as a highly disciplined approach to the job, is required to be successful.
  • Self-motivational skills; ability to work independently.
  • Strong communication skills (oral, written, & listening).
  • Conflict resolution skills.
  • Proven strong analytical & problem solving skills.
  • Organization and time management skills; ability to deal with conflicting deadlines.
  • Professional work ethics.
  • Computer Skills:  SAP; MS Office Suite with proficiency in Excel.

 

Job Snapshot

Base Pay $0.00 - $56.00 /Hour
Employment Type Full-Time
Job Type Engineering
Education Not Specified
Experience Not Specified
Manages Others Not Specified
Industry Energy - Utilities - Gas - Electric, Oil Refining - Petroleum - Drilling
Required Travel Not Specified
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Cost Coordinator - Pipeline Construction


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