Cost Engineer
New Yesterday
At ExxonMobil, our vision is to lead in energy innovations that advance modern living and a net-zero future. As one of the world's largest publicly traded energy and chemical companies, we are powered by a unique and diverse workforce fueled by the pride in what we do and what we stand for.
The success of our Upstream, Product Solutions and Low Carbon Solutions businesses is the result of the talent, curiosity and drive of our people. They bring solutions every day to optimize our strategy in energy, chemicals, lubricants and lower-emissions technologies.
We invite you to bring your ideas to ExxonMobil to help create sustainable solutions that improve quality of life and meet society's evolving needs. Learn more about our What and our Why and how we can work together.
What role you will play in our team
We are seeking an experienced Cost Engineer with 3-15 years of expertise to join our dynamic global team. As a Cost Engineer, you will play a crucial role in estimating the costs of both large and small-scale projects on a global scale. You will be responsible for providing accurate and comprehensive cost estimates throughout all phases of the project lifecycle, from early concept to full funding and execution. Your expertise will be essential in ensuring precise cost estimation and contributing valuable input into project scheduling.
What you will do
Cost Estimation:
- Develop detailed cost estimates for projects at various stages, including conceptual, preliminary, and definitive phases.
- Analyze project requirements and specifications to determine cost-effective solutions.
- Identify and drive optimizations in cost and execution of projects
Cost Reporting:
- Prepare and present cost reports, budgets, and financial forecasts to project teams and senior management.
- Monitor and track project costs, identifying and addressing any variances.
Risk Management:
- Conduct risk assessments and develop contingency plans to mitigate potential cost overruns.
- Identify and evaluate potential risks that could impact project costs and timelines.
Schedule Input:
- Provide input into project schedules, ensuring that cost estimates align with project timelines and milestones.
- Collaborate with scheduling teams to integrate cost data into project schedules.
Procurement Support:
- Support the procurement process by providing cost analysis and recommendations for vendor selection.
- Evaluate vendor proposals and contracts to ensure cost-effectiveness.
Database Management:
- Assist in the development and maintenance of cost databases and estimation tools.
- Ensure the accuracy and currency of cost data within the databases.
Training, Support, and Continuous Improvement:
- Provide training and support to junior cost engineers and other team members on cost estimation practices and tools.
- Contribute to continuous improvement initiatives by identifying opportunities to enhance cost estimation processes and methodologies.
Benchmarking:
- Conduct benchmarking studies to compare project costs against industry standards and best practices.
- Utilize benchmarking data to ensure competitive and accurate cost estimates.
- Facilitate and drive opportunities to identify and implement cost reductions and other optimizatons
Data Analysis:
- Perform detailed data analysis to identify trends, patterns, and insights that can improve cost estimation accuracy and efficiency.
- Use data analysis to support decision-making and strategic planning.
Stakeholder Communication:
- Maintain clear and effective communication with all project stakeholders to ensure alignment and understanding of cost estimates and related financial information.
- Facilitate meetings and discussions to address cost-related concerns and provide updates.
About you
Skills and Qualifications
Technical Skills:
- 3 - 15 years of prior experience; energy experience is preferred
- Bachelor's degree in engineering
- Minimum 3 years' experience in cost estimating/cost engineering
- Proficiency in cost engineering software (e.g., ACCE, internal tools, etc.).
- Strong understanding of cost estimating techniques and tools to evaluate competitiveness, including scheduling/planning, project controls/forecasting, and related topics
- Expertise in risk management and mitigation strategies.
- Knowledge of industry standards and regulatory requirements in the energy sector.
Analytical Skills:
- Ability to analyze complex data and generate actionable insights.
- Strong problem-solving skills to address project challenges.
- Proficiency in performance reporting and metrics analysis.
Behavioral Skills:
- Excellent verbal and written communication skills.
- Ability to effectively communicate with stakeholders at all levels.
- Experience in developing and maintaining project estimates.
- Ability to manage multiple projects simultaneously.
- Strong organizational skills and attention to detail.
- Flexible to travel to project sites if needed
- Geographically mobile & willing to travel and relocate globally
Preferred knowledge / Skills / Abilities
- Bachelor's Degree in engineering with GPA 3.5 or above
- Demonstrated work experience in oil/gas, client organizations, and mega projects
- Professional certifications (e.g., PMP, MBA)
- Demonstrated success in managing projects from early to late stages of varying sizes
- Experience using cost estimating tools such as Aspen tech, ACCE, etc.
Your benefits
An ExxonMobil career is one designed to last. Our commitment to you runs deep: our employees grow personally and professionally, with benefits built on our core categories of health, security, finance, and life.
We offer you:
- Pension Plan: Enrollment is automatic and at no cost to you. The basic benefit is a monthly annuity to be paid to you in retirement for the rest of your life
- Savings Plan: You can contribute between 6% and 20% of your pay and are encouraged to enroll right away. If you contribute at least 6% to your savings plan, the Company will contribute a 7% match
- Workplace Flexibility: We have several programs such as "Flex your Day", providing ad-hoc flexibility around when and where you work, as well as longer-term programs such as leaves of absence and part-time work
- Comprehensive medical, dental, and vision plans.
- Culture of Health: Programs and resources to support your wellbeing
- Employee Health Advisory Program: Provides confidential professional counseling for you and your family, including tools and resources promoting mental health and resiliency at no additional cost to you
- Disability Plan: Income replacement for when you cannot work due to illness or injury occurring on or off the job. Enrollment is automatic and at no cost to you
More information on our Company's benefits can be found at www.exxonmobilfamily.com
Please note benefits may be changed from time to time without notice, subject to applicable law
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EEO statement
ExxonMobil is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, age, sexual orientation, gender identity, national origin, citizenship status, protected veteran status, genetic information, or physical or mental disability.
Nothing herein is intended to override the corporate separateness of local entities. Working relationships discussed herein do not necessarily represent a reporting connection, but may reflect a functional guidance, stewardship, or service relationship.
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- Location:
- Baytown
- Job Type:
- PartTime