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  • Job reference: RMS0127826

Cost Engineer

  • Sector: Oil & Gas
  • Location: Saudi Arabia
  • Job type: Contract
  • Date posted: 23/11/2013
  • Time left:
    d h m s
    (30/11/13)
This vacancy has now expired.
The Company:
Our client is a major Petrochemical organisation constructing a large scale project in the Kingdom of Saudi Arabia. Fircroft are supporting this client in identifying candidates for a large number of project based roles with all of the positions to be offered on a long term fixed contract basis.

The Role:
Conduct in-depth analysis of the requirements and specifications of projects in order to provide valuable inputs and recommendations for Cost Engineering reports & requirements covering resource planning, project controls and project scoping.

1. Develop the composite project budget by integrating the project cost estimate, work hour estimate, project schedule, and other elements of the Project Execution Plan into standard cost documents & reports to support cost effective project execution.
2. Develop applicable WBS (Work Breakdown Structure) Process and structure to monitor expenditures, project status reporting and cost trending analysis, on a regular frequency as agreed with the Project Manager & Engineer.
3. Identify any budgetary or financial issues and risks related to the project and recommend correction actions.
4. Regularly generate cost reports, forecasts and trending reports to ensure budget adherence in accordance with contractual requirements and ensuring alignment with the established objectives and company procedures.
5. Responsible for keeping the management informed early & timely on all relevant information and data on any possible cost overruns and discrepancies on the approved budget. Assess risks and recommend needed adjustments and corrective actions to the management, ensuring that all costs and offsetting revenues are accounted appropriately.
6. Actively participate during scope change development & negotiation activities to assist Project Engineers to align with the contractual cost compliance metrics.
7. Provide timely analysis and forecasting data throughout the life cycle of the project, applying appropriate statistical tools to analyse cost metrics and perform risk analysis activity.
8. Collaborate with the Estimating function to develop effective WBS and reporting mechanism to help evaluate and improve the cost estimating accuracy level.
9. Perform any job-related activities as requested by the immediate supervisor/manager.

Essential Skills / Qualifications:
• Bachelor of Science degree in any Engineering discipline– Chemical Engineering or Mechanical Engineering or equivalent
• Certified Cost Consultant, Certified Cost Engineer, or a Certified Management Accountant
• 5 years of relevant working experience.

Desirable Skills / Qualifications:
• Communication skills
• Quality of Work
• Timeliness
• Safety conscious
• Process compliance
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