Project Controls Cost Lead

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**Job Description**:
The Position

The Project Controls Cost Lead reports to the Project Controls Manager and is responsible for completion of tasks associated with the Cost Control, tracking, reporting, monitoring and self-performance of project controls activities assuring that the overall tracking of the project in accordance with the Albemarle and project goals.

Key Responsibilities
- Ensure adherence to Albemarle's safety culture and Core Values.
- Liaise with project resources through the study cycle, coordination and administration of project controls deliverables, utilizing the Albemarle standards specific to the phase of the project.
- Assist in the completion of regular performance reviews and assessments to track progress to plan and provide accurate progress updates to the project services manager, specifically earned value of work completed and forecasted, forecasted future financial outflows for financial year planning.
- Aid generation of regular (monthly, quarterly, yearly) progress reports and portfolio updates as may be required by the Capital Projects group.
- Key areas of focus for the Cost Lead include:

- Provides cost expertise and coordinates resources deployed on a delivery team for the development of related deliverables.
- Provides implementation contractors with requirements for format, timing, and content of cost reporting.
- Ensure that reporting (both directly & indirectly managed) meet the Capital Projects standards
- Provides focal point for addressing project cost issues escalating when needed in a timely manner.
- Coordinates the development of a cost forecast covering agreed scope, incorporating activities to project completion, including owner's and contractors rolled up activities for a project scope of work.
- Responsible to produce the overall portfolio and Projects cost reporting inclusive of budgets, actuals, commitments, accruals, trends, variances and final forecasts assessment on all Project cost activities.
- Prepare cost and schedule inputs to the Annual Operating Plan (AOP) and overall Albemarle budgeting and reporting processes.
- Interfaces with the Albemarle Finance, Accounting and Supply Chain Management teams on all project matters associated with cost engineering activities, invoice processing and commitment management & forecasting.
- Ensure detailed monitoring and regular analysis of budget, actual and forecast Value of Work Done including phasing
- Ensure accurate tracking and monitoring of all project commitments and budget allocation.
- Exercise oversight of and interfaces with Contractors' cost control deliverables in consultation with Project Leads.
- Ensure robust review and analysis of monthly forecast and progress claim submitted by Contractors.
- Manage allowances allocation and drawdowns for packages.
- Coordinate and consolidate project reporting and overall variance analysis against approved budgets and forecasts.
- Perform variance and trend analysis against budget, growth allocation and Forecast Final Cost (FFC)
- Provide oversight of Contractor's work packages ensuring costs are monitored / reported in compliance with approved Project Controls Plan.
- Review and verify/validate forecast and cost phasing reported by Contractors.
- Participate monthly Package Reviews with Leadership Team.
- Ensure early recognition and warning to stakeholders of adverse cost trends impacting agreed growth allowances and Forecast Final Cost.
- Manage the allocation of growth allowances within each package and any subsequent drawdown/return.

Work Experience / Technical Skill Requirements
- Ten or more years of progressive experience in varying cost engineering & planning capacities on large capital projects ($250M+).
- Extensive experience in all aspects of cost engineering during detailed engineering, procurement, construction, and commissioning phases of a large capital project.
- Expert, hands-on knowledge of SAP including project costing modules.
- Excellent communication skills with a demonstrated ability to understand technical information and communicate progress to both technical and management level personnel.
- Exceptional reporting and presentation skills with good attention to detail.
- Demonstrated ability to work with project teams to influence and achieve desired results.
- Proficiency in project controls tools and work processes: Earned Value, MS Office (spreadsheets, word processing, presentations, graphics) and typical project controls tools and systems such as Power BI, SAP, Excel.

Education / Qualification Requirements

Preferred
- Bachelor's Degree in En