Project Performance - Cost & Budget Lead
IOTA Group
Activities
Build Project Management System:
- Support the CMS (to be followed by PPM) by identifying all associated Capex, budget, estimating, cost control with invoice and payment status and cash call status are performed following generic documents, templates, forms standardizing method and improving quality and efficiency, in line with head quarter procedures and guidelines.
- Support the updating of annual Budget, project CAPEX follows up and simplify processes between projects and other entities, clarifying responsibilities and involvements.
- Propose appropriate cost reporting cut offs and standardization and consolidation of reporting, streamlining reporting routines
Control the portfolio:
- Manage the cost reporting teams to consolidate the various project reports into various key budgeting and schedule activities for the PPM activities to allow for on time payment.
- Monitor implementation of the Cost Control structure, Cost Control procedures, Cost Control SAP tools (UNISUP & U-Cost).
- To monitor the necessary checks, approval functions for invoices submitted, in accordance with Contracts, Project & Company procedures, Sarbanes & Oxley, (SOX) requirements and DoA workflows
- • Identify high level Risks (overruns, CPN & contingencies) and opportunities at portfolio level with mitigation actions.
- To provide support into the UNISUP System, regarding payment schedules (cash calls), invoicing and cost control issues as required.
- • Coordinates actively with all the PC & Package Managers and mainly with TEPNG Finance Department for all matters related to payment and accounting to get necessary support and any insights to improve implementation or anticipation.
- To lead (from Cost Control point of view) in the preparation / consolidation and review of the various Project budgets and updates (internal and external / Annual and Multiyear) with inputs from the members of the Project Team and provide “ad hoc” economics support as required.
- To assist in the cost assessment of any contract variations and identify any Project cost trends, drifts, variances data update and maintain the Project Final Cost Estimate, prepare the Monthly Cost Report with comments
- To prepare for issuance the necessary Project cost information and data, Subsidiary and Partners / Shareholders / Concessionaire / Company.
Provide support and resources to projects:
- Propose and Manage services on behalf of projects or share experienced resources e.g. cost control, estimating and payment status.
Improve and learn from experience:
- Gather and share lesson learned from projects Nigeria regarding project performance including project cost control. • Share regular feedback with local contractors to better work together from one project to another
Qualifications
- Minimum Bachelor’s Degree or equivalent in Accounting and or similar background
- Typically, 15 years of oil and gas industry professional experience, of which at least 5 years in an equivalent position as a Cost & Budget Lead.
Application Closing Date
Not Specified.
How to Apply
Interested and qualified candidates should:
Note: This position is open to Nigerians only.
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Vacancy posted 15 hours ago
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