Build TEPNG Project Management System
Support the CMS (to be followed by PPM) by identifying all associated Capex, budget, estimating, cost control with invoice and payment status and cash call status are performed following generic documents, templates, forms standardizing method and improving quality and efficiency, in line with head quarter procedures and guidelines.
Support the updating of annual Budget, project CAPEX follows up and simplify processes between projects and other entities, clarifying responsibilities and involvements.
Propose appropriate cost reporting cut offs and standardization and consolidation of reporting, streamlining reporting routines
⢠Control the portfolio
Manage the cost reporting teams to consolidate the various project reports into various key budgeting and schedule activities for the PPM activities to allow for on time payment.
Monitor implementation of the Cost Control structure, Cost Control procedures, Cost Control SAP tools (UNISUP & U-Cost).
To monitor the necessary checks, approval functions for invoices submitted, in accordance with Contracts, Project & Company procedures, Sarbanes & Oxley, (SOX) requirements and DoA workflows
Identify high level Risks (overruns, CPN & contingencies) and opportunities at portfolio level with mitigation actions.
To provide support into the UNISUP System, regarding payment schedules (cash calls), invoicing and cost control issues as required.
Coordinates actively with all the PC & Package Managers and mainly with TEPNG Finance Department for all matters related to payment and accounting to get necessary support and any insights to improve implementation or anticipation.
To lead (from Cost Control point of view) in the preparation / consolidation and review of the various Project budgets and updates (internal and external / Annual and Multiyear) with inputs from the members of the Project Team and provide “ad hoc” economics support as required.
To assist in the cost assessment of any contract variations and identify any Project cost trends, drifts, variances data update and maintain the Project Final Cost Estimate, prepare the Monthly Cost Report with comments
To prepare for issuance the necessary Project cost information and data, Subsidiary and Partners / Shareholders / Concessionaire /Company.
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Provide support and resources to projects
Propose and Manage services on behalf of projects or share experienced resources e.g. cost control, estimating and payment status.
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Improve and learn from experience
Gather and share lesson learned from projects Nigeria regarding project performance including project cost control.
Share regular feedback with local contractors to better work together from one project to another
Context and Environment
EP Nigerian affiliate will develop and execute major new projects (> 20MUSD) and facilities in the next 3-4 years (2025 – 2029) such as: IMA, FSO Unity Replacement, Ubeta (on going), Flare Gaz Recovery System, Akpo Life These relevant new or upgraded facilities shall be designed, fabricated, integrated into existing facilities, commissioned, started up and handed over to Field Operations within approved budget, schedule, meeting the Safety and Quality objectives and requirements defined by the affiliate.
Requirements
Accountabilities:
Performance Cost & Budget Lead shall ensure that Project Teams have adequate performance tools (benchmarks, budget, invoices and Cost) with processes, reporting & controls in place. Therefore, monitor the project Teams, within budget, cost reports and forecasting closing costs.
Qualifications/Experience required:
Minimum bachelor’s degree or equivalent in Accounting and or similar background
Typically, 15 years of oil and gas industry professional experience, of which at least 5 years in an equivalent position as a Cost & Budget Lead.
