Cost Engineer

Job Title: Cost Engineer
Contract Type: Permanent
Location: Saudi Arabia, Saudi Arabia
Salary: Competitive
Start Date: 2019-08-20
Reference: BH-114113
Contact Name: Katherine Capatayan
Contact Email:
Job Published: October 16, 2019 14:18

Job Description

Cost Engineer

Position Description

We are seeking an experienced Cost Engineer to join our Project Management team (PMT).
Project Management Teams are directly responsible and accountable for the delivery of best in class capital projects assigned to department.
PMT is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance.
This will involve engineering design, procurement and construction of various sizes, types and complexity of small, medium to multi-billion dollar mega size projects.
Some of these mega projects include the Marjan Increment Program, the Crude Oil to Chemicals program, the Gas Compression Program, the Berri & Zuluf Increment and AMIRAL Program.
Project Management Departments manages and executes projects usually from multiple site offices or engineering contractor design offices, geographically scattered throughout the Kingdom of Saudi Arabia

Minimum requirements

As the successful candidate you will hold a Bachelor’s degree in Engineering, Construction Management, Economics, Business Administration or Accounting, with a minimum of two to nine years’ cost engineering experience, including at least one to five years devoted to petrochemical, refinery, pipeline, or power generation projects.
Preferably Certified from Professional Organization.

Duties and responsibilities

The successful candidate requires extensive experience in the field of Cost Engineering and will be responsible for cost analysis, cost controls and reporting activities for Capital and non-Capital projects. 
He will provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope,
quantities and cost data between the project forecasts and the budgets. 
He will organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.
He will ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts. 
The successful candidate will proactively advise management when forecasted costs exceed the approved budget and he will recommend corrective actions.

Candidate must be able to use statistical tools to analyze costs metrics and perform risk analysis. He will need to analyze contractors' cost reports and extract required data for management reporting. 
He will prepare and report cost engineering information on a monthly basis and when required for management.
Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts.
Collects, monitors, analyzes and reports all cost information through the Project Manager.
Reviews and analyzes all claims and Change Orders on project contracts.
Participates in the negotiation of project contracts as required.
Initiates appropriate action when total forecast indicates allocated funds will be exceeded.