Cost Engineer

2 weeks ago

Dhahran Compound, Saudi Arabia Access Talent Group Full time

((BST: 8:00 - 18:00 (Mon/Thurs) 8:00 - 16:00 (Fri)))

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We are seeking a highly skilled and experienced Cost Engineer to join our team in Dhahran, Saudi Arabia within the Oil and Gas industry. The ideal candidate will be responsible for analysing project costs, preparing budget estimates, and monitoring project expenses to ensure cost efficiency and adherence to budgetary constraints. The Cost Engineer will play a crucial role in optimizing project costs and maximizing profitability.

Responsibilities:

Analyse project costs and prepare accurate budget estimates for various phases of the project

Monitor and control project expenses to ensure adherence to budgetary constraints

Collaborate with project managers and stakeholders to identify cost-saving opportunities and provide recommendations for cost optimization

Prepare and present cost reports, forecasts, and variance analysis to management and project teams

Utilize cost management tools and software to track, analyse, and report project costs

Conduct cost risk assessments and develop mitigation strategies to address potential cost overruns

Participate in project meetings and provide cost-related insights and recommendations to support decision-making

Maintain documentation and records of all cost-related activities and reports for audit and reference purposes

Key requirements

At least a 4 year degree in an engineering discipline

Proven experience in project management within the Oil and Gas industry, with a strong understanding of engineering principles and practices

Professional Engineer (PE) license is highly preferred

Excellent leadership and communication skills, with the ability to effectively collaborate with internal and external stakeholders

Strong problem-solving abilities and the capacity to make sound decisions under pressure

Familiarity with project management tools and software, as well as relevant industry standards and regulations

Ability to work in a fast-paced and dynamic environment, with a strong commitment to quality and safety

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