Investment Engineer II

Company:  International Flavors and Fragrances
Location: Wilmington
Closing Date: 20/10/2024
Salary: £100 - £125 Per Annum
Hours: Full Time
Type: Permanent
Job Requirements / Description

Job Summary

Subject Matter Expert (SME) in one or more of the following: Capital Estimate Review and Validation; Capital Project Cost Control; Cost vs Capital determination.

Responsibilities/Description :

  1. SME or highly proficient in cost control and has responsibility for a region.
  2. Ensure all projects between $1M and $10M in their region have a monthly cost review and produce a cost face-sheet workbook which is then posted in the face-sheet database SharePoint site.
  3. Work with Project Manager to determine if a cost control professional is needed to produce the face-sheet.
  4. Provide Cost Control coaching and guidance on project related financial topics.
  5. SME or highly proficient in SAP for cost control.
  6. Ability to challenge the scope of work which forms the estimate basis.
  7. SME or highly proficient in estimate review and validation with regional responsibility.
  8. Review estimates between $1M and $10M (or GR/IM/Energy/Sustainability >$250K) for budgeting or any funding request. Issue validation letter formally approving the final estimate for use in a Gate review and funding request, establishing the estimate quality and accuracy range, and highlighting potential risks/opportunities.
  9. Review Project Schedule for issues and duration. Note any potential cost impacts.
  10. Attend ERA (Engineering Readiness Assessments) and Gate reviews and communicate your validation findings while covering the estimate slide.
  11. Review proposed funding request amount for partial funding requests to be sure team has adequate funds to carry the project to the next Gate review.
  12. Provide training to a class of users as needed.
  13. As needed, train Project Managers to use EcoSys for Funding Requests, Monthly Forecasting, and Project Closings.
  14. Assist Project Managers with monthly EcoSys tasks.
  15. Extract data from EcoSys to monitor the health of projects in your region.
  16. Decision maker on Cost vs Capital determinations.

Requirements :

  1. BS in Engineering, Accounting, or another relevant field (Or equivalent technical experience).
  2. Required to be proficient in Excel.
  3. Preferred to also know SAP and EcoSys.
  4. 3-5 years of experience with Capital Project Engineering or Management, cost control, project scheduling or project estimating.

Training / Certifications :

Preferred AACEi training in any of the following:

  1. Certified Cost Professional (CCP)
  2. Certified Cost Technician (CCT)
  3. Certified Scheduling Technician (CST)

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