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TAR Cost Specialist

TAR Cost Specialist

  • Location United States - Indiana - Whiting
  • Travel required No
  • Job category Project Management Group
  • Relocation available No
  • Job type Professionals
  • Job code 131027BR
  • Experience level Intermediate
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Job summary

Responsible for delivering project cost control services including developing & monitoring appropriate budgets and cash flow using sound technical capabilities to ensure base business costs forecasting remains highly accurate and that cost and expenditures are being correctly charged to BP and in compliance with BP Published Guidelines and Common Process as it relates to cost controls and interacting with stakeholders in Project Management, Procurement and Supply Chain Management and Finance.

  • This position will report functionally to the Cost Specialist DL - Refining, whilst working closely with Whiting Refinery TAR Squads/Teams and Leadership to provide day to day TAR cost engineering support.
  • The TAR Cost Specialist is responsible for supporting the development, monitoring, and communication of the budget, forecast and cash flow from initiation to close out.
  • Responsibilities for all aspects of standard cost engineering include, but not limited to, cost controls, analyses, forecasting, cash flow, reporting, benchmarking, and interactions with mainly Turnaround and/or Projects Planning/Execution teams, Procurement and Finance.
  • The TAR Cost Specialist may be simultaneously responsible for multiple TAR’s of varying phases and must balance the work activities within their portfolio of work.
  • Ensure the integrity and effectiveness of cost management and management of change.
  • Continuously improving the cost management strategy, plans and procedures.
  • Satisfy BP requirements and the expectations of stakeholders.
Key Accountabilities
  • Support the preparation and implementation of the work breakdown structure (WBS); ensuring understanding of the broader scope across all project stages.
  • Support the development of Turnaround estimates.
  • Support the set-up of appropriate control budgets from the estimate and schedule, ensuring full understanding of estimate basis, scope, schedule, contracting strategy and execution plan.
  • Support the overall additional work / change management process; ensuring it is rigorously applied to all changes and that impacts are fully assessed and incorporated into project cost forecasts, plans and budgets.
  • Ensure that data collected from Turnaround execution teams is used to underpin the cost forecast assumptions, phasing and control budgets.
  • Support the cost related communication plans, interfaces and the reporting system that provides the leadership team and stakeholders with timely analysis and insights for all work scope.
  • Closely monitor cost performance against realistic targets to ensure that objectives and key performance indicators are met.
  • Help identify risks and cost reduction opportunities and uncertainties
  • Prepare final cost reports and financial closeout documentation, reconciliations, and reports
  • Adhere to the principles outlined in the Project& TARs Controls governing documents.
  • Relevant university degree (Engineering / Accounting etc.)
  • Experience of Turnaround methodology, cost and contractor management
  • Strong commitment and support to safety, risk, and business goals.
  • Strong organization, teamwork, and communication skills and awareness of agile ways of working.
  • Demonstrated capability to manage cost controls activities on multiple Turnarounds of various sizes and complexity.
  • Proficiency using cost systems and databases, with overall good IT competency.
  • High level of self-motivation, proactive, with good time management skills.
  • Strong interpersonal, communication and influencing skills.
  • Experience performing effectively in a multi-disciplinary, multi-cultural environment
  • Use of P6 for maintaining accurate cashflows
  • Knowledge of EVM
  • Preferred background and experience in previous bp Turnaround
  • Familiar with SAP
  • Database Management
  • Proficient in Microsoft Excel, Word, and Outlook.
  • Proficient in Power BI

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