Senior Cost Engineer

Job title: Senior Cost Engineer
Contract Type: Permanent
Location: Dhahran
Salary: Competitive
Reference: BH-128680
Contact Name: Katherine Capatayan
Phone Number: +966 92 000 6837
Job Published: 22 days ago

Job Description

Senior Cost Engineer
  • Holding a Bachelor in Mechanical (Electrical / Controls) Engineering.
  • Excellent knowledge of Primavera P6
  • Minimum of 10 years of experience as Cost Control Engineer, preferably in a similar industry or equivalent.
  • Fluent in English, and an excellent communicator and know how to interact in a multicultural environment.
Job Description
  • Develop cost control procedures, project cost control strategy, plans and procedures and shall be able to collate all the essential information to plan the cost estimates for various corporate processes.
  • Coordinate development and implementation of project work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Projects
  • Control Specialist and Project Planning/Scheduling Engineer.
  • Collect and compile progress and cost data and develop cost-control worksheets and reports.
  • Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data.
  • Shall be able to ensure that the operating costs for various tasks being handled in the organization remain within the set budget.
  • Shall be able to understand client’s budget and plan the project cost control accordingly.
  • Monitor, manage and control expenditure involved in carrying out various tasks during project execution.
  • Prepare reports on the expenditures made and present the same to the management.
  • Process invoices and ensure cost compliance.
  • Monitor ongoing project’s expenditures and forecast budgets and set baselines.
  • Prepare all related reports with recommended actions for management review.
Main Responsibilities as follows:
  • Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS. 
  • Monitor ongoing projects expenditure and forecasted budget verses the set baseline. 
  • Prepare and manage regular Project Performance Reports and Dashboards.
  • Address issues pertaining to project cost control procedures. 
  • Implement and monitor costs within each project stage and for entire project until completion or close-out
  • Responsible for gathering required information from across the group to ensure optimisation of resources and control of all associated project work.
  • Analyse potential Project changes and provide associated risks, issues, cost and resources.
  • Liaising with the Project Management Team on all relevant cost and planning issue.
  • Prepare weekly / monthly Subcontracts accruals for Labour, Materials, Equipment etc.
  • Monitor potential of Change Management (internal / customer / supplier) and coordinate with the project stake holders on the same
  • Prepare weekly and monthly project budget, actual and forecast reports.

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