Capital Project Cost Engineer

Job description / Role

Job Description
- Monitor the development, implementation of Project cost control system comprises of cost control & scheduling elements.
- Perform the day-to-day execution of facilities planning / engineering project in order to increase refinery profit, enhance plant reliability/integrity, and promote safety & compliance to environmental standards.
- Provide support in early project activities related to reviewing/upgrading contractor's cost control organization and procedures.
- Assist in setting up a project cost control system in SAP or other electronic cost application.
- Apprise performance of contractor's cost control personnel.
- Coordinate flow of information related to contractor input into the contractor's estimate and to the recasting effort associated with the control estimate.
- Development and implement cost control and invoice processing systems.
- Provide cost variance analysis.
- Assure accuracy and timeliness of data collection for cost measurement.
- Prepare overall cost report analysis for the project manager's monthly progress report.
- Review contractor's change proposals for completeness and adequacy of costs.
- Establish liaison with the financial control personnel in order to avoid unnecessary duplication of effort and to maximize the effective use of resources.
- Provide cost forecast for project team management.
- Provide contingency drawdown analysis for project team management.
- Audit Contractors reports and invoices to ensure they represent an accurate status of the
- Assists the Manager in managing the Change process.
- Support the Preparation of the monthly project cost report, management reports, cash flows and financial reconciliations identifying overruns and propose corrective actions.
- Perform other job-related duties as assigned by the direct supervisor.

Requirements

Skills
- Technical studies, Documentation and resolutions.
- Engineering Discipline Material, Equipment and Facilities.
- Process Improvement and Optimization.
- Safety Measures and Standards.
- Refinery Product Planning.
- Product Development.
- Inspection, Testing and Reporting.
- Technical Standards and Regulations.
- Quality Management.

Education
- Bachelor Degree in engineering or equivalent.

About the Company

Yanbu Aramco Sinopec Refining Company Ltd., a joint venture between Saudi Aramco and China Petrochemical Corporation ( Sinopec). A world-class, full-conversion refinery that covers about 5.2 million square meters in the Yanbu Industrial City, and is considered to be a key anchor project for the future of Yanbu. YASREF will use 400,000 barrels per day (bpd) of Arabian heavy crude oil to produce premium transportation fuels, as well as high-value refined products for both international and domestic markets. It is scheduled to be operational in Q3 2014.

YASREF signifies the impressive downstream portfolio added to Saudi Aramco, yet building and cementing on the strategic partnership with Sinopec - Saudi Aramco's largest crude oil partner and buyer - Both companies bring commercial and technical expertise to the joint venture to enhance trade of transportation fuels between a significant energy producer and its consumer. In addition, YASREF represents a continuing step forward in the strategies of Saudi Aramco and Sinopec to drive growth further downstream to capture additional value along the hydrocarbon chain.

YASREF was registered in January 2012 with the single purpose to establish, operate, and manage a full conversion-refining complex. YASREF possesses the location advantage to effectively and efficiently supply both international and domestic markets. The products include 90,000 bpd of gasoline, 263,000 bpd of ultra-low sulfur diesel, 6,200 metric tons per day (mtd) of petcoke, 1,200 (mtd) of sulfur, and 140,000 tons per year of benzene. YASREF will process Arabian Heavy crude oil into high-quality refined products that could include future production of Paraxylene and products to support downstream industries.