Bachelor's degree in Accounting, Finance, Business Administration, Engineering, or related field.
Minimum of 6 years in cost engineering or project controls, preferably in Oil & Gas or large capital projects.
Experience managing budgets and financial performance for multi-million-dollar projects.
Strong analytical and organizational skills with a focus on actionable financial insights.
Excellent communication skills for presenting financial data to diverse stakeholders.
Proficiency in Microsoft Excel; experience with SAP and ECOSYS is required.
Familiarity with Power BI or similar data visualization tools is preferred.
Responsibilities
Lead cost control activities to align with budgets and financial objectives.
Develop and maintain detailed project cost forecasts and cash flow projections.
Monitor project financial performance, identifying trends and corrective actions.
Prepare and present monthly cost reports and executive financial summaries.
Review actual expenditures against forecasts, explaining variances in detail.
Oversee invoice validation and cost allocation within SAP.
Support change management processes by evaluating cost impacts and maintaining forecasts.
Benefits
Opportunity to work on high-impact projects in the Oil & Gas sector.
Collaborative environment with cross-functional teams.
Mentorship opportunities for career development.
Involvement in continuous improvement initiatives.
Dynamic work environment with evolving on-site requirements.
Full Job Description
Job Description
Turner & Townsend is seeking a Senior Cost Engineer to support our Oil & Gas Pipeline client. This role requires a highly experienced, analytical, and strategic professional responsible for leading cost control activities, financial forecasting, budget management, and project performance reporting across a portfolio of capital projects. The Senior Cost Engineer will provide critical financial insights to project teams and leadership, ensuring the accuracy, completeness, and timeliness of all cost-related reporting while driving continuous improvement in cost management processes.
This individual will collaborate closely with project managers, finance teams, procurement, contractors, and key stakeholders to support decision-making, identify risks and opportunities, and ensure effective financial governance throughout the project lifecycle.
Responsibilities:
Lead project and portfolio cost control activities, ensuring alignment with approved budgets, forecasts, and company financial objectives.
Develop, manage, and maintain detailed project cost forecasts, cash flow projections, and variance analyses.
Monitor and analyze project financial performance, identifying trends, risks, opportunities, and corrective actions.
Prepare and present monthly cost reports, forecasts, and executive-level financial summaries to project teams and senior leadership.
Review and reconcile actual expenditures against forecasts and budgets, providing detailed explanations for variances.
Lead the preparation and analysis of project reporting metrics including VOWD, earned value, cash flow analysis, commitment tracking, PO headroom, and vendor invoice management.
Oversee invoice validation, cost allocation, and reconciliation activities within SAP.
Support project change management processes by evaluating cost impacts and maintaining accurate forecasting of approved and pending changes.
Collaborate with project managers, procurement teams, contractors, and finance partners to ensure cost accuracy and financial compliance.
Drive process improvements, standardization initiatives, and best practices related to cost engineering and project controls.
Mentor and provide guidance to junior cost engineers and project controls personnel as required.
Support internal and external audits and ensure compliance with SOX controls, corporate governance requirements, and established financial procedures.
Assist with annual budgeting, long-range planning, and project funding requirements.
Qualifications
Bachelor's degree in Accounting, Finance, Business Administration, Engineering, Construction Management, or a related field.
A minimum of 6 years of post-graduate experience in cost engineering, project controls, financial analysis, cost management, or a related role, preferably within Oil & Gas, Pipeline, Energy, Industrial, or large capital projects environments.
Demonstrated experience managing project budgets, forecasts, cost reporting, and financial performance for complex, multi-million-dollar projects or portfolios.
Advanced analytical, organizational, and project management skills with the ability to interpret complex financial data and provide actionable recommendations.
Strong understanding of project controls methodologies, including budgeting, forecasting, cost forecasting, change management, and variance analysis.
Excellent communication and presentation skills with the ability to effectively communicate financial and project performance information to project teams, senior leadership, and executive stakeholders.
Experience working in a fast-paced, dynamic environment while managing multiple priorities and deadlines.
Proven ability to lead cross-functional collaboration among project management, finance, procurement, and contractor teams.
Advanced proficiency in Microsoft Excel; experience with SAP and ECOSYS is required.
Experience with Power BI or other data visualization and business intelligence tools is highly preferred.
Ability to mentor junior team members and contribute to continuous improvement initiatives within project controls and cost management functions.
Additional Information
*On-site presence and requirements may change depending on our client's needs.
About Turner & Townsend
Turner & Townsend Careers
Joining Turner & Townsend offers a unique opportunity to contribute to some of the most exciting projects worldwide. As a global leader in professional services, Turner & Townsend is at the forefront of transforming the industry through expertise, innovation, and leadership.
Explore Job Opportunities
Turner & Townsend is constantly seeking skilled professionals eager to drive innovation and lead industry standards. With a variety of job opportunities available, candidates can find positions that match their skills and career aspirations. Explore employment options that span across critical sectors such as construction, project management, and consultancy.
Experience Professional Growth
Turner & Townsend is committed to the professional growth and continuous development of its team members. The company supports career advancement through robust training programs, including leadership development and diversity training, ensuring every team member has the tools and knowledge to succeed.
Internship Programs
For those starting their career journey, Turner & Townsend offers internship programs that provide a rich learning environment. Interns gain hands-on experience, working alongside seasoned professionals and contributing to impactful projects. These internships are a gateway to full-time employment and a flourishing career within the company.
Cultivating a Diverse and Inclusive Culture
Turner & Townsend prides itself on fostering an inclusive culture where diversity is celebrated. The company believes that a diverse workforce enhances creativity and drives innovation. Employees from various backgrounds are encouraged to share their unique perspectives, promoting a collaborative and supportive workplace.
Benefits and Employee Wellbeing
Understanding the importance of a work-life balance, Turner & Townsend offers comprehensive benefits designed to support the wellbeing of its team. Benefits include health care, flexible working conditions, and competitive retirement plans, all aimed at enhancing the quality of life for employees.
Join the Team
Turner & Townsend is hiring! Search open positions that align with your professional skills and interests. The company is looking for passionate, curious, and solution-driven team players. Prepare your resume, sharpen your interview skills, and get ready to join a team where your contributions will be valued and your career will flourish.
Networking and Career Development
Turner & Townsend encourages continuous networking and professional development. By participating in industry conferences and company-hosted events, employees can build valuable relationships and stay current with industry trends.
Stay Connected
Keep up to date with the latest from Turner & Townsend:
- **Read Careers Blog**: Gain insights from experts and stay informed about the latest company news and industry trends.
- **Job Alert Emails**: Personalize your subscription to receive job alerts and insider tips tailored to your preferences. Discover exciting and rewarding opportunities that await at Turner & Townsend.
Turner & Townsend is not just a place to work—it's a place where careers are made, innovation thrives, and opportunities abound. Join the team and be part of shaping the future of the industry.
