The Role
Lead cost control and budgeting for TEPNG projects: develop PPM/CMS cost processes, consolidate portfolio cost reports, manage cost reporting teams, monitor SAP cost-control tools, ensure invoice approvals and SOX compliance, identify risks/opportunities, support budgeting and contract variation assessments, and share lessons learned across projects.
Summary Generated by Built In
Build TEPNG 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
Context and Environment
EP Nigerian affiliate will develop and execute major new projects (> 20MUSD) and facilities in the next 3-4 years (2025 – 2029) such as: IMA, FSO Unity Replacement, Ubeta (on going), Flare Gaz Recovery System, Akpo Life These relevant new or upgraded facilities shall be designed, fabricated, integrated into existing facilities, commissioned, started up and handed over to Field Operations within approved budget, schedule, meeting the Safety and Quality objectives and requirements defined by the affiliate.
Requirements
Accountabilities:
Performance Cost & Budget Lead shall ensure that Project Teams have adequate performance tools (benchmarks, budget, invoices and Cost) with processes, reporting & controls in place. Therefore, monitor the project Teams, within budget, cost reports and forecasting closing costs.
Qualifications/Experience required:
- 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.
Skills Required
- Bachelor's degree in Accounting or equivalent
- Approximately 15 years oil and gas industry experience
- At least 5 years in an equivalent Cost & Budget Lead position
- Experience with cost control processes, budgeting, forecasting, and invoice/payment controls
- Knowledge/experience with SAP cost-control tools (UNISUP and U-Cost)
- Familiarity with Sarbanes-Oxley (SOX) requirements and DoA workflows
- Ability to consolidate project budgets, produce monthly cost reports, and assess contract variations
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The Company
What We Do
AEWA is a Nigerian leading consulting firm that provides specialized workforce solutions for companies across a variety of industries within West Africa, offering services including recruitment, outsourcing, global HR, and training.
