Senior Engineer – Cost at Hobark International Limited (HIL)

Hobark International Limited (HIL) is the parent company of the Hobark group operating in the oil and gas industry. The company was incorporated in 1998, starting as a staffing agency based in Port Harcourt. Currently we have offices in 4 countries with our head office in Lagos.

We are recruiting to fill the vacant position below:

Job Title: Senior Engineer – Cost

Req ID: 1294
Location: Lagos

Job Description

  • Provide support to individual Project Engineers (PE’s) in establishing and maintaining up to date Authority For Expenditure (AFE) and related supporting documents including variance analysis of cost over/under runs.
  • Monitor expenditure monthly on a Value of Work Done (VOWD) basis for all ongoing Projects(contracts) and department/team budgets and in conjunction with PE’s produce cost forecasts (latest estimates) to provide timely notification of potential over/under runs against approved budgets (AFE’s).
  • Produce monthly/quarterly/annual variance and trend analysis expenditure reports and explain key cost movements with respect to commitments, actuals (VOWD basis), latest estimates against plan as agreed with responsible PM’s.
  • Provide support to PE’s to establish and maintain cost progress S-curves (inclusive of actuals, forecasts, and commitments) for all ongoing Projects. Prepare overall department rolled up reports on the same basis.
  • Produce cost reports (monthly, quarterly and annually) as required, giving planned, actual and forecast costs, for all ongoing projects and contracts, in line with the agreed AFE’s/WBS.
  • Produce other ad-hoc reports on cost information that may be required from time to time.
  • Review and verify monthly accruals as produced by Project Accountants/PE’s to ensure that they are correctly aligned with VOWD reporting against AFE’s and overall budgets.
  • Prepare trend analysis report identifying early over/under runs.
  • Maintain a Cost Estimating system (including Cost Breakdown System), including a database of historical project costs, and provide cost estimating support to PE’s for new projects / project variations and to assist in forecasting of costs to completion.


  • Minimum 12 year’s experience as a Cost Engineer within the oil and gas industry. Ideally with contractor experience.
  • Experienced with Cost Control and WBS/CBS systems
  • Full capabilities in MS Word, MS Excel, MS Power Point.
  • Some experience with planning tools.
  • Experience is cost estimating and risk simulation
  • University degree in Engineering or relevant technical discipline

Primary Skills:

  • Cost Estimator, HSE, Project Engineer, B.Sc, Engineering, Finance, Oil & Gas, Operations, Production

Application Closing Date
Not Specified.

Method of Application
Interested and qualified candidates should:
Click here to apply online

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