Lead Cost Engineer

6 days ago

Dhahran Compound, Saudi Arabia oilandgas Full time
About the Role

We are seeking an experienced Cost Engineering Manager to join our Project Management Team under Northern Area Oil Operations - Capital Program Management Division (NACPMD).

Key Responsibilities
  • Provide cost analysis, controls, and report activities for Capital projects.
  • Provide input and recommendations for cost engineering requirements relative to project controls, prepare and analyze comparisons of scope, quantities, and cost data between the project forecasts and the budgets.
  • Organize, monitor, and control project costs and define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.
  • Ensure that all project commitments are accurately reported and maintain updated final project forecasts and expenditure forecasts.
  • Proactively advise management when forecasted costs are either overrun or underrun as compared to the approved budget.
  • Use statistical tools to analyze costs metrics and perform risk analysis.
  • Analyze contractors' cost reports and extract required data for management reporting.
  • Prepare and report cost engineering information on a monthly basis and additional ad-hoc reports as required by Management.
  • Provide all cost engineering expertise and coordinates activities as group leader as required in preparation of cost portion of the engineering, procurement, and construction contracts.
  • Collect, monitor, analyze, and report all cost information through the Project Manager.
  • Review and analyze all claims and Change Orders on project contracts.
  • Participate in the negotiation of project contracts as required.
Requirements
  • A Bachelor's degree in Engineering, (other advanced professional engineering degree in related field is preferred) from a recognized and approved program.
  • A minimum of fifteen (15) years of professional cost engineering experience, effectively performing similar roles and responsibilities in managing project budgets, cost tracking, forecasting, and financial reporting with a broad multi-discipline knowledge and experience of cost engineering for oil and gas projects.
  • High experience in MS Office and SAP to perform cost analysis.
  • Confidence with cost engineering practices and principles.
  • Possess the required cost engineering skills, English proficiency, and good knowledge in oil & gas industry.
  • Good presenter, high convincing ability, good technical report, excellent communication skills (written and spoken), and ability to mentor and teach.
  • Excellent experience in cost accounting, budgeting, forecasting, reporting, auditing, reconciliation, and other project management-related skills.
  • Well-informed of significant developments in cost engineering by close review of technical literature, contracts with contractors, visits to areas of construction, and attendance at professional technical meetings.

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