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Job details

Cost Engineer

, India


Job Family Group:

Projects


Worker Type:

Regular


Posting Start Date:

April 21, 2025


Business unit:


Experience Level:

Early Careers


Job Description:

What’s the role

Your role as a Cost Engineer involves supporting cost management for small capital projects through all phases. This includes developing and implementing Cost Breakdown Structures (CBS) and Work Breakdown Structures (WBS), creating GSAP networks for Purchase Orders (PO), and generating cost reports. You will focus on implementing cost control processes, monitoring contractor costs, delivering monthly estimate forecasts, and managing changes and contingencies.

What you’ll be doing

  • The Projects Portfolio Cost Engineer scope involves supporting the delivery of consistent and appropriate cost management structures/tools/processes for Portfolio of small Capital Projects (site) throughout all the phases. 

  • Assist the development and implementation of CBS (Cost Breakdown Structure) for Capital Projects portfolio, the estimate breakdown, and WBS (as applicable). 

  • GSAP Network creation in the correct WBS for PO generation based on IPA standards, Networks close-out , PO status report generation (from GSAP and BP and TRACK), BP/GSAP Cost reports generation (Monthly exercise), Time-writing by exception (Shell staff) Monthly exercise, Productivity Reporting (weekly). 

  • Support implementation of Cost Control Processes: Embed and maintain in Shell and Contractor processes; Commitment capture, VOWD (Value of Work Done), Cost forecasting/phasing and Earned Value Management consistent with Shell procedures, Variance analysis.  Establish Cost Report content and frequency, prepare and conduct budget holder reviews, and publish. Support Contracts and Procurement group by providing detailed cost and performance analysis. 

  • Monitor the work hour consumption and associated cost of the Contractor activities against the contractual targets such that potential deviations are identified, and the appropriate corrective actions are taken.  

  • Deliver accurate/high-quality monthly Estimate Forecasts for Projects. 

  • Assist in the maintenance of Change/Trend and Contingency Management: ensure that appropriate changes/trends are reflected in the regular cost forecast updates.  Prepare forecasts and review with budget holders.  Establish linkage between Change/Trend Management and Contingency Management, perform the Contingency drawdown and ensure accurate current status is reflected in reports. 

  • Assist Cost Reporting: generation of accurate monthly cost reports, including variances from the plan on commitment, value of work done, management of changes and currency fluctuations against approved Authorities For Expenditure (AFEs) 

  • Participate and comply with all safety programs. 

  • Assist with the continuous improvement and implementation of standardized work processes for effective cost control. 

  • Shift work following operating hours of the Downstream operation units across the globe. 

  • Virtual working with key stakeholders for day to day operations 

  • Effective initiative to identify and help resolve business and technical issues within areas of responsibility. 

  •  Exposes the individual to all cultural backgrounds and organizational levels across the globe, across diverse time zones. 

  • The role primarily involves the remote support to the Project control of downstream operating units/sites. 

What you bring

  • Engineering/Technologist Degree and/or Certification as a Cost Engineer or equivalent experience. 

  • At least 3 years refinery or petrochemical industry experience in cost engineering / cost controls. 

  • Experience in Cost Engineering / Cost Controls positions for portfolio capital projects 

  • Works effectively in a Team environment and build consensus & Customer focus. 

  • Working knowledge of a broad range of Project Controls systems, tools, and practices specifically in Oil & Gas industry. 

  • Strong leadership, communication, report-writing, and presentation skills. 

  • Skill in PowerPoint, Word, Outlook, SAP/ GSAP, Excel, Ecosys.  

  • Background in Oil and Gas maintenance and operations is an advantage. 

  • Excellent analytical, oral and written communication skills 

  • Preferred experience in following tools: Ecosys, PowerBI 

  • Preferred experience in refinery or petrochemicals plant turnarounds. 

What we offer

You bring your skills and experience to Shell and in return you work with talented, committed people on one of the most important challenges facing our planet. You’ll have the opportunity to develop the skills you need to grow in an environment where we value honesty, integrity, and respect for one another. You’ll be able to balance your priorities as you become the best version of yourself.

  • Progress as a person as we work on the energy transition together.

  • Continuously grow the transferable skills you need to get ahead.

  • Work at the forefront of technology, trends, and practices.

  • Collaborate with experienced colleagues with unique expertise.

  • Achieve your balance in a values-led culture that encourages you to be the best version of yourself.

  • Benefit from flexible working hours, and the possibility of remote/mobile working.

  • Perform at your best with a competitive starting salary and annual performancerelated salary increase – our pay and benefits packages are considered to be among the best in the world.

  • Take advantage of paid parental leave, including for non-birthing parents.

  • Join an organisation working to become one of the most diverse and inclusive in the world. We strongly encourage applicants of all genders, ages, ethnicities, cultures, abilities, sexual orientation, and life experiences to apply.

  • Grow as you progress through diverse career opportunities in national and

  • international teams.

  • Gain access to a wide range of training and development programmes.

-

Additional Job Description

An Inclusive & Progressive Place to Work 

  • To power progress together, we need to attract and develop the brightest minds and make sure every voice is heard. Here are just some of the ways we’re nurturing an inclusive environment – one where you can express your ideas, extend your skills, and reach your potential.
  • We’re creating a space where people with disabilities can excel through transparent recruitment process, workplace adjustments and ongoing support in their roles. Feel free to let us know about your circumstances when you apply, and we’ll take it from there.
  • We’re closing the gender gap – whether that’s through action on equal pay or by enabling more women to reach senior roles in engineering and technology.
  • We’re striving to be a pioneer of an inclusive and diverse workplace, promoting equality for employees regardless of sexual orientation or gender identity.

Shell in India

Shell is a diversified energy company in India with 13,000 employees, and presence in Integrated Gas, Downstream, Power, Renewable and Upstream. Additionally, we have deep capabilities in R&D, digitalisation, and business operations.

Our global strategy, Powering Progress, is designed to generate value for our shareholders, customers, and the wider society, and focuses on creating more value with less emissions. The strategy supports our purpose of providing more and cleaner energy solutions, with the aim of profitably transforming Shell into a net-zero emissions energy business by 2050. As India moves towards its target of net-zero emissions by 2070, Shell India aims to play a leading role in securing vital energy for today, while investing in, and helping to build, the energy system of the future through strategic investments in the country.

Our Lubricants business serves over 50,000 consumers through a strong network of over 200 distributors, and operates an end-to-end value chain that spans conceptualization, development, and production at a world-class blending plant at Taloja. Through our 350-plus retail stations, we offer an integrated mobility experience including fuels, cafes, and convenience stores, with a prominent network of EV recharging facilities.

Shell owns and operates a LNG re-gasification terminal at Hazira, Surat, with a capacity of 5 MTPA and a LNG truck-loading unit that plays a crucial role in helping meet India’s growing demand for gas across sectors. In 2022, Shell acquired Sprng Energy in a $1.55 billion deal to build an integrated energy transition business in the country. Sprng is a leading renewable energy company in India which develops and manages solar, wind, and hybrid power generation facilities and infrastructure.

Our three capability centres across Bangalore and Chennai serve as a technology and innovation powerhouse for Shell globally, working as a delivery engine for core technical, digital, and finance processes: pioneering digital innovation and cutting-edge technologies across the energy sector. We also have strong academic partnerships and collaborations with leading universities and technology institutes to accelerate decarbonization efforts within the energy sector.

We are committed to positively contributing to the communities in which we operate through programmes on STEM Education, Skilling, and Livelihood across India. We nurture and invest in startups developing initiatives focused on accelerating energy innovation through programs such as Shell E4 and Shell Eco-marathon. We also have strategic investments in new energy companies such as Husk Power, d.light, Orb Energy, and Cleantech Solar.


DISCLAIMER:

Please note: We occasionally amend or withdraw Shell jobs and reserve the right to do so at any time, including prior to the advertised closing date. Before applying, you are advised to read our data protection policy. This policy describes the processing that may be associated with your personal data and informs you that your personal data may be transferred to Shell/Shell Group companies around the world. The Shell Group and its approved recruitment consultants will never ask you for a fee to process or consider your application for a career with Shell. Anyone who demands such a fee is not an authorised Shell representative and you are strongly advised to refuse any such demand. Shell is an Equal Opportunity Employer.
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Average salary estimate

$70000 / YEARLY (est.)
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What You Should Know About Cost Engineer, Shell

As a Cost Engineer at Shell Centre in Chennai, you will play a pivotal role in supporting cost management for small capital projects. Your day-to-day responsibilities will include developing Cost Breakdown Structures (CBS) and Work Breakdown Structures (WBS) to ensure projects are executed efficiently. You'll dive into GSAP networks to generate crucial Purchase Orders and create monthly cost reports that help monitor expenses. A key part of your job will be to implement cost control processes, manage contractor costs, and deliver accurate monthly estimates, while being proactive in identifying any potential deviations from financial targets. You'll work closely with budget holders, providing essential data and insights for effective decision-making. Your expertise in the oil and gas sector will enable you to collaborate with diverse teams and interact with stakeholders across various time zones, making every day an engaging learning experience. We're looking for someone with an engineering degree or equivalent experience, along with a strong background in cost engineering within the petrochemical industry. If you're eager to grow in a dynamic team-oriented environment, contribute to impactful projects, and embrace a flexible working culture, then taking on the Cost Engineer role at Shell can be an exciting opportunity for your career growth while making a significant difference.

Frequently Asked Questions (FAQs) for Cost Engineer Role at Shell
What are the main responsibilities of a Cost Engineer at Shell Centre in Chennai?

The primary responsibilities of a Cost Engineer at Shell Centre in Chennai include developing Cost Breakdown Structures (CBS) and Work Breakdown Structures (WBS), creating GSAP networks for Purchase Orders, and generating monthly cost reports. Additionally, you will implement cost control processes, monitor contractor costs, and provide detailed financial forecasts to assist budget holders in making informed decisions.

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What qualifications are needed for the Cost Engineer position at Shell?

To qualify for the Cost Engineer position at Shell, candidates should possess an Engineering or Technologist degree and/or certification as a Cost Engineer or equivalent experience. Additionally, having at least three years of experience in cost engineering or cost controls in the refinery or petrochemical industry is essential.

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How does Shell promote a positive work culture for Cost Engineers?

At Shell, we foster a positive work culture for Cost Engineers through inclusive practices and flexible working hours. Employees are encouraged to balance their priorities while contributing to meaningful projects, ensuring a supportive environment conducive to both personal and professional growth.

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What tools and software should a Cost Engineer at Shell be familiar with?

Cost Engineers at Shell should have a working knowledge of various project control systems and tools, particularly within the oil and gas industry. Familiarity with platforms like SAP/GSAP, Ecosys, and PowerBI, alongside strong skills in Excel and PowerPoint, is highly beneficial to effectively perform their duties.

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What opportunities for career development does Shell offer a Cost Engineer?

Shell provides numerous opportunities for career development for Cost Engineers including tailored training and development programs, exposure to diverse projects within international teams, and pathways to advance in a values-led workplace that encourages skill growth and innovation.

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Common Interview Questions for Cost Engineer
Can you explain what a Cost Breakdown Structure (CBS) is and its importance?

A Cost Breakdown Structure (CBS) is a hierarchical structure that breaks down project costs into manageable components. It's crucial for effective cost management as it allows project stakeholders to monitor budget allocations, identify variances, and ensure alignment between financial and project goals.

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What experience do you have with GSAP networks in relation to cost engineering?

In my previous roles, I utilized GSAP networks to facilitate purchase orders, ensuring that each order was correctly linked to the relevant Work Breakdown Structure (WBS). This experience has equipped me with the skills to ensure accurate financial tracking and reporting.

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Describe a time you effectively managed contractor costs.

In a past project, I closely monitored contractor costs by comparing them against contractual targets and conducting regular variance analyses. I proactively identified potential deviations and coordinated with the contractors to implement corrective actions, thereby minimizing budget overruns.

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How do you approach cost forecasting for projects?

I approach cost forecasting by first analyzing historical data and current project performance metrics. I then collaborate with relevant stakeholders to gather insights and ensure that all variables affecting costs are accounted for, thus producing accurate forecasts that reflect real-time changes.

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What are your strategies for ensuring effective communication with budget holders?

Effective communication with budget holders involves regular updates, transparency in reporting, and willingness to discuss financial performance openly. I create comprehensive reports that highlight key metrics and insights, ensuring budget holders are well-informed and can make timely decisions.

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What tools do you prefer for productivity and reporting in cost engineering?

I prefer using tools like Excel for creating detailed reports, alongside industry-specific platforms like Ecosys for tracking productivity and performance metrics. These tools help me streamline processes and present data in a clear, actionable format.

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How do you stay updated on industry best practices in cost engineering?

I stay updated on industry best practices through continuous professional development, attending relevant workshops, and engaging with professional networks. I also follow industry publications and participate in online forums to share and gain insights.

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Can you discuss a challenge you faced in cost control and how you addressed it?

A challenge I faced was a significant variance in project costs due to unexpected fluctuations in material prices. To address this, I implemented a more dynamic forecasting approach that factored in real-time market trends and worked with the procurement team to secure better rates, effectively mitigating the financial impact.

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What is your experience with Earned Value Management (EVM)?

My experience with Earned Value Management (EVM) involves applying its principles to assess project performance by measuring progress against cost and schedule baselines. This approach has been instrumental in delivering projects on time and within budget, serving as an early warning system for potential issues.

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How do you handle shifting priorities in project management?

When faced with shifting priorities, I maintain flexibility and adaptability in my planning. By engaging in open communication with team members and stakeholders, I ensure that everyone is aligned on the new priorities, which helps minimize disruption and keeps project delivery on track.

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Shell’s purpose is to power progress together by providing more and cleaner energy solutions. We believe that rising standards of living for a growing global population are likely to continue to drive demand for energy, including oil and gas, for ...

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Full-time, remote
DATE POSTED
April 21, 2025

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