Engineer - Cost Estimation at Jiffy Lube MC LLC

Chennai, tamil nadu, India -

Full Time

Start Date

Immediate

Expiry Date

06 Jun, 26

Salary

0.0

Posted On

08 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Estimation, Capital Expenditure, Operational Expenditure, Risk-Based Contingencies, Deterministic Methods, Probabilistic Methods, Scenario Analysis, Benchmarking, Estimate Reviews, Data Collection, Cost Assurance, MS Excel, MS Office Suite, ASPEN TECH, CCET, Cost Risk Analysis

Industry

Automotive

Description

, India Job Family Group: Projects Worker Type: Regular Posting Start Date: March 6, 2026 Business Unit: Experience Level: Early Careers Job Description: What’s the role As a Projects Portfolio Cost Estimator, your role is to develop accurate cost estimates for capital and operational expenditures across all project phases. You’ll translate project scope into detailed estimates, incorporating risk-based contingencies using deterministic and probabilistic methods. Key tasks include scenario analysis, benchmarking, estimate reviews, and alignment with planning teams. You’ll manage estimate documentation, support data collection for future benchmarking, and provide assurance on detailed estimates using actual costs and construction data. The role also involves presenting insights, maintaining estimate records, and driving continuous improvement in cost estimation practices. What you’ll be doing The Projects Portfolio Cost Estimator scope involves the translation of Project scope into the estimate of capital and operational expenditure cost during the project phases (Identify, Assess, Select, Define and Execute). The estimates completed by the cost estimator not only cover the costs associated with the engineering, procurement, construction, implementation commissioning and start-up but also address the translation of the project risk profile into cost contingency via deterministic and probabilistic methods, the potential effect of market movements over the project timescale, and the complete suite of “Owners Costs” that Shell will experience. Formulate methodologies for deriving quantities from design parameters. Support project teams on scenario comparisons, uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Support reviews and assurance of cost estimates. Benchmark against historical performance, industry norms and established KPIs. Assess prospect scope and develop consistent estimates ranging from Type 0 to Type 4. Work with Planning & Cost Engineers to ensure alignment between planning and cost deliverables. Arrange Estimate Kick Offs and Estimate Review meetings with the stakeholders. Develop Estimate Plan detailing how the estimate will be developed. Develop Estimate Basis to document how estimate was developed. Support process to collect actual cost performance, condition and normalise data for future use, develop metrics and benchmarking information. Develop benchmarking packages at appropriate level to check estimate results from top down versus both internal and external comparable data. Work with IPA forms and reports to understand comparison of Shell projects to industry datasets. Utilise Technical, Economical, Commercial, Organisational & Political (TECOP) profile to establish appropriate deterministic cost contingency. Support development of deterministic cost model and probabilistic cost analysis. Support project teams with presentations, dashboards. Update SharePoint with Estimates, Benchmark data and relevant data for future reference. Provide assurance and challenge, as needed, on detailed project cost estimates (Type 4). Incorporate project actual costs to date and detailed MTOs from IFC (Issue For Construction) design packages matched with detailed pricing and construction unit hours to establish remaining project costs. Perform uncertainty analysis and sensitivities on cost estimates, reflecting analysis of project risks. Utilize appropriate deterministic or probabilistic risk assessment tools to develop the appropriate cost contingencies. What you bring Bachelor’s degree in Engineering and/or Certification as a Cost Estimator or equivalent experience. Minimum 2 -10 years of experience in cost estimating positions in the Oil & Gas industry (operating refinery or petrochemicals plants preferred) on small capital projects portfolios. Fully versed with Cost Estimating Tools and Methodologies. Well versed with ASPEN TECH estimating tool Experience in cost risk analysis, preferably with both deterministic and probabilistic methods. Experience in sourcing and using benchmark data Excellent analytical, oral and written communication skills Team player and self-motivated. Advance skill level in MS Excel. Fully versed with MS Office suite of software (Word, Powerpoint and Outlook) Preferred experience in following tools: ASPEN TECH , CCET. Preferred experience in Electrical Projects 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. 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. - 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. Register here and Set up your job alerts You can be a part of the future of energy. Together at Shell, we are transitioning to become a net-zero emissions business while providing the energy that people around the world need today. Working with experienced colleagues , you’ll have the opportunity to develop your skills, in an environment where we value honesty, integrity and respect for one another. At Shell, you progress as we tackle the energy challenge together. #PowerYourProgress Visit our careers site Shell has a bold goal: to become one of the world’s most diverse and inclusive companies, a place where everyone – from our employees to our customers, partners and suppliers – feels valued, respected, and has a strong sense of belonging. Find out more about DE&I at Shell Shell is a global group of energy and petrochemical companies, employing 96,000 people across more than 70 countries. Whether they work on our platforms and pipelines, or in our offices and research labs, people are key to our success. They collectively determine our culture and we expect them to behave according to our values: honesty, integrity, and respect for people. Learn more about our purpose and strategy “If you need any assistance or support while applying for a job, please contact us at careers@shell.com”

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Responsibilities

The primary role involves developing accurate cost estimates for capital and operational expenditures across all project phases by translating project scope into detailed estimates, incorporating risk-based contingencies using deterministic and probabilistic methods. Key tasks include managing estimate documentation, supporting data collection for future benchmarking, and providing assurance on detailed estimates using actual costs and construction data.