Cost Specialist

Phillips 66 & YOU - Together we can fuel the future 

We are seeking a skilled and detail-oriented Cost Specialist to join our team in the Phillips 66 Projects organization. The successful candidate will be responsible for tracking, analyzing, and reporting project costs to ensure financial performance aligns with project budgets and corporate objectives.

Responsibilities May Include:

• Develop and maintain project cost reports, forecasts, and variance analyses
• Monitor project expenditures against budgets and provide early warning of potential cost overruns
• Support preparation of cost estimates and budgets for new projects and change orders
• Work closely with Project Managers, Planners, and Finance teams to provide cost data and financial insights
• Prepare and present regular cost performance reports to management and stakeholders
• Review and validate invoices, purchase orders, and contracts for compliance with cost coding and budget allocations
• Maintain cost control systems and ensure data integrity in cost management software
• Assist in cash flow forecasting and financial planning
• Identify opportunities for cost savings and efficiency improvements

Required Qualifications:

• Legally authorized to work in the job posting country
• Bachelor’s degree in Finance, Accounting, Engineering, Business, or related field
• 5 or more years of cost control or cost engineering experience, preferably in the oil and gas industry
• Strong knowledge of cost management principles and tools
• Proficiency in cost control and reporting software (e.g., SAP, Excel, or similar systems)
• Experience in large projects or multiple small projects with assignments of increasing responsibility, complexity and scope
• Good understanding of the project process and interactions required to execute projects

Preferred Qualifications:

• Experience with major EPC or oil & gas operators
• Proficiency in cost control and reporting software EcoSys, and PowerBI
• Professional certifications (e.g., AACE CCP, PMP, or similar)

• Familiarity with project planning and scheduling processes
• Strong communication and interpersonal skills
• Excellent analytical, problem-solving, and reporting skills
• Ability to work under pressure and meet deadlines in a fast-paced environment

Total Rewards

At Phillips 66, providing access to high quality programs and care for you and your family is important to us. Maintaining a culture of well-being — physical, emotional, social, and financial — is essential for a high-performing organization. When we are at our best, we are poised to deliver exceptional results — personally and professionally. Benefits for certain eligible, full-time employees include:

• Annual Variable Cash Incentive Program (VCIP) bonus
• 8% 401k company match
• Cash Balance Account pension
• Medical, Dental, and Vision benefits with an annual company contribution to a Health Savings Account for employees on HDHP
• Total well-being programs and incentives, including Employee Assistance Plan, well-being reimbursement, and backup family care services

Learn more about Phillips 66 Total Rewards.

Phillips 66 has more than 140 years of experience in providing the energy that enables people to dream bigger and go farther, faster. We are committed to improving lives, and that is our promise to our employees and our communities. We are sustained by the backgrounds and experiences of our diverse teams, which reflect who we are, the environment we create and how we work together. We have been recognized by the Human Rights Campaign, U.S. Department of Labor and the Military Times for our continued commitment to inclusive practices and policies in the hiring and retention of those in the LGBTQ+ community and military veterans. Our company is built on values of safety, honor and commitment. We call our cultural mindset Our Energy in Action, which we define through four simple, intuitive behaviors: We work for the greater good, create an environment of trust, seek different perspectives and achieve excellence.

Learn more about Phillips 66 and how we are working to meet the world's energy needs today and tomorrow, by visiting phillips66.com.

To be considered

In order to be considered for this position you must complete the entire application process, which includes answering all prescreening questions and providing your eSignature on or before the requisition closing date of 07/25/2025.

Candidates for regular U.S. positions must be a U.S. citizen or national, or an alien admitted as permanent resident, refugee, asylee or temporary resident under 8 U.S.C. 1160(a) or 1255(a)(1).  Individuals with temporary visas such as E, F-1, H-1, H-2, L, B, J, or TN or who need sponsorship for work authorization now or in the future, are not eligible for hire.