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.