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Cost Engineering Analyst

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ExxonMobil

2mo ago

  • Job
    Full-time
    Senior Level

AI generated summary

  • You need a degree in Data Science/Analytics or Engineering, strong SAP skills, cost modeling experience in Oil & Gas, and analytical abilities for cost estimates and TCO analysis.
  • You will analyze cost data, develop cost models, identify savings opportunities, collaborate with teams, refresh models, and prepare progress reports.

Requirements

  • Bachelor’s degree in Data Science/ Analytics, MS in Engineering, Supply Chain.
  • Strong background in SAP and experience using analytical and data visualization tools
  • Extensive Cost Engineering/ Modelling experience in Oil & Gas and related industries
  • Analyzes subcategories’ compensations structures & transaction data
  • Builds appropriate cost models and applies cost intel for each subcategory
  • Develops cost estimates on price subcomponent level (“should cost”)
  • Analyzes changes in processes to calculate effects on overall costs (TCO)
  • Target Companies: O&G Client companies

Responsibilities

  • Becomes knowledgeable with assigned commercial categories
  • Analyzes subcategories’ compensations structures & transaction data
  • Builds appropriate cost models and applies cost intel for each subcategory
  • Develops cost estimates on price subcomponent level (“should cost”)
  • Analyzes changes in processes to calculate effects on overall costs (TCO)
  • Identifies BV opportunities and provides negotiation leverage
  • Researches the market and engages various suppliers as needed
  • Collaborates with agreement owners and other analysts on OppID
  • Informs decision-making process related to commercial action plans
  • Refreshes existing cost models with updated market data
  • Assists with team operations as needed (KPI calculations, etc.)
  • Prepares and presents weekly and monthly progress reports

FAQs

What is the primary responsibility of the Cost Engineering Analyst?

The primary responsibility of the Cost Engineering Analyst is to support Commercial teams in Europe and Asia Pacific with cost and market intelligence, helping the organization achieve its Business Value goals.

Which educational qualifications are required for this position?

A Bachelor’s degree in Data Science/Analytics, MS in Engineering, or Supply Chain is required for this position.

What kind of experience is preferred for applicants to this role?

Extensive Cost Engineering/Modeling experience in Oil & Gas and related industries is preferred.

What tools and software should candidates be familiar with?

Candidates should have a strong background in SAP and experience using analytical and data visualization tools.

Will there be an onboarding program for new hires?

Yes, there is a comprehensive onboarding program that includes various training sessions and software access, along with a mentor assigned for guidance.

Is project management experience beneficial for this position?

Yes, project management skills are preferred as they contribute positively to the role.

What types of benefits does ExxonMobil offer to employees?

ExxonMobil offers competitive compensation, medical plans, retirement benefits, training and development programs, tuition assistance, and workplace flexibility, among others.

What soft skills are important for a Cost Engineering Analyst?

Important soft skills include strong analytical and presentation skills, problem-solving abilities, the drive to ensure progress according to plans, and a mindset to embrace change.

How will the Cost Engineering Analyst collaborate with other team members?

The Cost Engineering Analyst will collaborate closely with the Cost Engineering Team, the Sr. Technical Lead in Houston, and agreement owners on various projects and analyses.

Are relocation benefits available for this position?

Yes, a relocation program is offered as part of the employee benefits.

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ExxonMobil

Energy
Industry
10,001+
Employees
1882
Founded Year

Mission & Purpose

The need for energy is universal. That's why ExxonMobil scientists and engineers are pioneering new research and pursuing new technologies to reduce emissions while creating more efficient fuels. We're committed to responsibly meeting the world's energy needs. We aim to achieve #netzero emissions from our operated assets by 2050 (for Scope 1 and 2 greenhouse gas emissions) and are taking a comprehensive approach to create emission-reduction roadmaps for major operated assets.

Culture & Values

  • Shareholders

    We are committed to enhancing the long-term value of the investment dollars entrusted to us by our shareholders. By running the business profitably and responsibly, we expect our shareholders to be rewarded with superior returns. This commitment drives the management of our Corporation.

  • Customers

    Success depends on our ability to consistently satisfy ever-changing customer preferences. We commit to being innovative and responsive, while offering high-quality products and services at competitive prices.

  • Employees

    The exceptional quality of our workforce provides a valuable competitive edge. To build on this advantage, we will strive to hire and retain the most qualified people available and to maximize their opportunities for success through training and development. We are committed to maintaining a safe work environment enriched by diversity and characterized by open communication, trust, and fair treatment.

  • Communities

    We commit to being a good corporate citizen in all the places we operate worldwide. We will maintain high ethical standards, obey all applicable laws, rules, and regulations, and respect local and national cultures. Above all other objectives, we are dedicated to running safe and environmentally responsible operations. Exxon Mobil Corporation aspires to be at the leading edge of competition in every aspect of our business. That requires the Corporation's resources — financial, operational, technological, and human — to be employed wisely and evaluated regularly. While we maintain flexibility to adapt to changing conditions, the nature of our business requires a focused, long-term approach. We will consistently strive to improve efficiency and productivity through learning, sharing, and implementing best practices. We will be disciplined and selective in evaluating the range of capital investment opportunities available to us. We will seek to develop proprietary technologies that provide a competitive edge. We aspire to achieve our goals by flawlessly executing our business plans and by adhering to these guiding principles and the foundation policies that follow.

Benefits

  • Work-life balance

    Flexibility is key to the way we do business. We support intermittent individual flexibility for employees to adjust when and where they work, as well as paid time off and leave of absence to optimize life and work.

  • Long-term security

    We provide financial protection for you and your family. Offerings such as life insurance and disability leave ensure income stability during difficult times.