Engineer Cost Control

Job Description

Position: Engineer Cost Control

Date posted: 2024-10-12

Industry: other

Employment type: Full Time

Experience: 7 years

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 10000

Location: Abu Dhabi, United Arab Emirates

Company: Confidential

Description:

We are hiring for Engineer Cost Control.

Education & Qualifications:

• A Bachelor’s degree in Engineering, Finance, or a related field is essential to understand complex project dynamics.
• A minimum of 7 years’ experience in cost control within the oil and gas construction industry is required.
• Professional certifications such as Certified Cost Professional (CCP) or Project Management Professional (PMP) are highly preferred.
• Proficiency in cost management software (e.g., SAP, Primavera) is crucial for effective tracking and reporting.
• Strong analytical skills with a keen attention to detail are necessary to accurately assess financial data.
• Excellent communication abilities to convey complex cost information to non-technical stakeholders.
• Proven experience in risk management and mitigation strategies to handle potential cost escalations.

Roles & Responsibilities:

• Develop and maintain detailed project cost estimates that reflect the actual scope and schedule of oil and gas construction projects.
• Implement robust cost control processes to track expenditures against budget and identify variances in real time.
• Conduct thorough risk assessments to forecast potential cost overruns and propose mitigation strategies proactively.
• Collaborate with engineering and procurement teams to ensure accurate pricing of materials and labor for project execution.
• Prepare and present detailed cost reports and forecasts to stakeholders, providing insights for informed decision-making.
• Utilize advanced software tools for cost management, ensuring data accuracy and real-time reporting capabilities.
• Facilitate budget reviews and audits, ensuring compliance with financial regulations and company policies.
• Assist in contract negotiations, providing cost analysis to secure favorable terms for the organization.
• Monitor project progress and performance metrics, adjusting cost estimates and forecasts as necessary.
• Train and mentor junior team members on best practices in cost control and financial analysis within the oil and gas sector.

Role: Site based in UAE, Abu Dhabi.