Project Economics Specialist

11 hours ago


Stavanger, Rogaland, Norway Omega AS Full time

Welcome to Omega AS, a leading supplier of consultant assignments in the oil and gas, renewable energy, and infrastructure sectors.

Job Description

We are seeking a Senior Cost Engineer to join our team. The successful candidate will be responsible for all cost engineering deliverables for a particular project or portfolio of projects.

The key responsibilities of this position include:

  • Oversight of internal and external project cost status reporting.
  • Maintenance of accurate and consistent cost tracking.
  • Management of accruals, forecasts, cash flow inputs, invoice handling, and preparation of requisitions.
  • Delivery of variance explanations to the Finance department.
  • Development and maintenance of the project Work Breakdown Structure (WBS).
  • Handling of project changes with cost impact (management of Change).
  • Identification, analysis, and tracking of cost changes versus sanctioned budgets.
  • Development and management of contingency drawdown plans.
  • Preparation and follow-up on Manpower Projection Plans and man-hour cost estimates.
  • Correlation of cost data with other project data (schedules, manpower, productivity, etc.), investigation of variances, preparation of analysis, highlighting inconsistencies, and proposal of mitigating actions.

The ideal candidate will have experience working with tools such as SAP, EcoSys, PowerBI, and Pims, and possess strong analytical and problem-solving skills, excellent communication and interpersonal skills, and the ability to work collaboratively with various departments.



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