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Senior Cost Engineer

Oil & Gas
Job Type:
£40 - 60 per hour


Position: Senior Cost Engineer
Location: Aberdeen, United Kingdom
Employment Type: 12-month Contract

Company Overview:
Join a dynamic and innovative project delivery team in Aberdeen, operating at the forefront of the Oil and Gas industry. We are committed to excellence in project execution, ensuring timely delivery and cost-effectiveness while maintaining the highest standards of quality and safety. As a Senior Cost Engineer, you will play a crucial role in overseeing the financial aspects of medium-sized projects, contributing to the success and profitability of our ventures.


  • Assume the role of a senior cost engineer for two standalone medium-sized projects, reporting directly to the Lead Cost Engineer.
  • Develop, maintain, and monitor comprehensive cost reports and associated documentation throughout the project lifecycle.
  • Generate and analyze monthly Value of Work Done (VOWD) reports to track project progress and financial performance.
  • Prepare and maintain detailed cost reports tailored to the specific requirements of each project.
  • Conduct thorough variance analysis on budget, actuals, and forecasts to identify trends, discrepancies, and opportunities for improvement.
  • Assist in the establishment and upkeep of project cost reporting systems and procedures to ensure accuracy, consistency, and compliance.
  • Deliver meticulously detailed and robust cost reports to stakeholders, facilitating informed decision-making and risk management.
  • Champion and uphold the Company’s change control procedures, ensuring transparency and accountability in cost management practices.
  • Provide dedicated support to the Lead Cost Engineer in fulfilling contract-specific reporting obligations and tasks.


  • Hold a Higher National Certificate (HNC) or possess relevant experience in cost engineering or related fields.
  • Demonstrated experience in cost management, preferably within the Oil and Gas industry, showcasing a strong understanding of industry-specific challenges and dynamics.
  • Proven ability to thrive in fast-paced environments and deliver results under tight deadlines without compromising quality or accuracy.
  • Excellent communication skills, with the capacity to effectively liaise with project teams, third-party stakeholders, and clients to align on standards, systems, and processes.
  • Aptitude for proposing and implementing process improvements and innovations to optimize cost management practices and enhance project efficiency.
  • Track record of identifying and contributing to cost-related improvement initiatives, driving continuous enhancement of financial performance and project outcomes.
  • Proficient in IT tools and software, particularly Microsoft packages such as Word and Excel; familiarity with project cost management software, such as EcoSys, is advantageous.
  • Strong analytical mindset, attention to detail, and problem-solving skills, enabling proactive identification and resolution of cost-related issues and challenges.


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