Cost Analyst
JOB TITLE: Cost Analyst
EMPLOYER: Hydroserv Caspian DUTY STATION: Azerbaijan
PUBLISHED: 2018-12-17 LAST UPDATED: N/A DEADLINE: 2019-01-16

Hydroserv Group is a well-known and established market leader in ‘Fluid Engineering’ design, applications and solutions for the Oil and Gas industry founded by Mr.Kevin.J.Roberts in 1998. Our ongoing efforts driven by the continued and growing support of our valued customers and suppliers has guaranteed our involvement in maintenance and turn-key projects alike as both a reliable and successful service company in Baku, Azerbaijan and various locations throughout Kazakhstan.

Hydroserv Group has a well structured, skilled sales and service setup with the latest equipment and technologies, with over 80 employees. Specialized Engineers and Technicians have in-depth knowledge of the products and services available to our customers.

- Technical expertise – Highly skilled Work force
- Extensive product, system and market experience
- Customer commitment and focus with specific programs
- Long-term relationships
- Localization - Established regional network
- Integrated approach - Solution provider, not just a reseller

With ISO 9001:2015  certification from DNV we specialize in design, manufacturing, flushing and refurbishment of hydraulic power systems and associated motion control, handling systems and components in conformance with international quality and safety standards.

Mission Statement: “We focus on improving delivery and cost effective solutions for new and existing fluid systems remains key to our ongoing, long-term goals and objectives. Our further investment in a state-of-the-art service facility and a fully qualified and specialized local service team signifies our commitment and dedication to ensuring a quality end result that is guaranteed and delivered on time”

Company: Hydroserv Caspian LTd.
Division: Operation
Work graphic: 8.00-17.00
Workplace: 15th km Salyan Highway
Recruiter: Gulshan Aslanova

Cost Analyst

The Cost Analyst (CA) is accountable for providing cost control, analysis and management  of the implemented projects. The functions include analyzing and verifying the various contractors’ cost reports, in relation to quantity and baseline budgets, cash flows, work force plans, histograms, and various quantity and progress curves. The Cost Analyst will have working in all phases of projects from conception to completion. In addition, this position will work closely with other entities such as contractors, suppliers, vendors and subcontractors.


Key Responsibilities:

- Monitor, update, control and forecast projects committed, incurred and invoiced costs.
- Track projects actual costs in 1C.
- Prepare reconciliations, monthly reports, trends, forecast at completion estimates, variance analysis, manpower profiles, cash flows and project completion reports.
- Review and evaluate contractors’ estimates and change requests and participate in project change management and risk management reviews.
- Develop and update cost reports and presentations to monitor and analyze projects costs and budgets.
- Review contractor progress reports, work force plans, and installed quantities tracking to ensure alignment with incurred and forecast cost analysis.
- Assist the project team in forecasting spend for accrual purposes
- Validate and release all invoices related to site activities in a timely and efficient manner
- Process journal entries for financial accuracy
- Work closely with cost estimating, planning/scheduling, risk management and functional leaders to develop integrated project progress and analysis reports.
- Provide cost input to projects benchmarking and provide related metrics such as rates of progress and manpower densities.
- Provide input for projects estimating and risk assessments.
- Maintain document trail to facilitate internal audits of internal control systems.
- Prepare cost management sections of project documents and support the cost analysis of contractor bids.
- Support the project close-out process, as required.


M BSc/Ba in accounting, finance or relevant field
Minimum 2 years oil and gas industry experience in a Cost Control/Cost analyst role
Proficient in the use of 1C and MS Office suite.
Knowledge in Hydraulics sphere is advantage.

Deadline to apply: 28.12.2018

To apply please send your CV to: indicating “Cost Analyst” in a subject field.
Only shortlisted candidates who match requirements above will be contacted by recruitment team.

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