Cost Engineer

3 weeks ago

المملكة العربية السعودية, Saudi Arabia MM Staffing & Career Consultants Full time

Opening: 2 Nos.- Job ID: 76952- Employment Type: Full Time- Reference:
- Work Experience: 10.0 Year(s) To 15.0 Year(s)- CTC Salary: 1.00 LPA TO 23.00 LPA- Function: Engg Design / R&D / Product Mgt- Industry: Oil and Gas/Petroleum- Location:

- Saudi Arabia

Posted On: 15th Feb, 2024
**Designation: Cost Engineer**

**Job Location: Jubail, Saudi Arabia**

**Experience - 10+ years**

**Notice period - Immediate to 30 days**

**Roles and responsibilities**

position is responsible for compiling job cost estimates, preliminary turnaround and/or project budgets, cost tracking, forecasting; and financial reporting.

**Duties**:
- Develop job cost management execution plan
- Assist to establish and maintain Project Cost Control procedures.
- Assist to establish and maintain work breakdown structure (WBS), including AFE and cost centre numbers, to control and report costs at agreed levels.
- Provide support to Project Engineers to establish and maintain up to date Authorization for Expenditure (AFE) documents.
- Establish and maintain financial cash flows for the Project, in line with the agreed WBS.
- To assist lead cost engineer to monitor actual versus planned expenditures and produce cost forecasts to provide timely notification of potential over/under runs.
- To assist lead cost engineer to produce Monthly cost reports, giving planned, actual and forecast costs, for all elements of the Project, in line with the agreed WBS
- Coordinate all Project CAPEX and OPEX budget submissions.
- Prepare and monitor accruals and ensure that they are correctly controlled against budgets and AFE’s.
- Prepare and maintain log for Contractor invoices and ensure that these are properly cost coded prior to approval by the responsible Senior Management.
- Review & audit contractors’ cost management procedures & reports.
- Assist in preparing Performance Card
- Establish Cost Breakdown Structure (CBS) and integrate with WBS.
- Develop preliminary turnaround or project cost from job estimates.
- Develop average job cost rates for estimating, if required.
- Verify other committed cost information against Contract Value.
- Enter all project committed cost data into cost tracking system
- Adjust forecast to reflect change orders and other variances
- Collect and enter all committed costs - labor, equipment, and materials
- Analyze cost data and forecast final cost per project by work done by Contractor
- Report turnaround and project actual vs. baseline cost status as required
- Report earned value per Contractor and identify trends that impact the final cost per Project.
- Prepare final cost report to JOTC as required.
- Providing specialist estimating, budgeting and cost control advice and support to the teams within Projects in the challenge and analysis of commitments, expenditure and forecasts
- Preparing and delivering budget, forecast and expenditure information to the Senior Management
- Delivery of quality reports to Projects Engineers and to the Team Leaders/Superintendents of the Division.
- Highlighting in a timely manner, the areas of concern for potential cost overruns or under-spends, recommending actions or solutions where possible with the aim of maintaining expenditure within budget
- AFE control and reporting to Senior Management
- Promotion of cost consciousness amongst budget users within the changing environment of procedures and processes.

**Qualifications**:

- Bachelor's degree in Instrument Engineering or a related field.
- 10+ years of hands-on experience in Process/ chemical plant(Refinery petrochemical) work within Oil & Gas Refineries.

**Terms and Conditions**:

- Mobilization
- WITHIN 30 days.
- Duration
- 1 Years
- Paid Vacation - 30 days per years
- Working - 48 hrs. per week
- Nationality - Any.

**Key Skills**:

- Cost Engineer
- Oil And Gas
- Sap Module

**Company Profile**:
Leading EPC company in engineering -.

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