Cost Control Engineer

Target Engineering Construction Co LLC

Abu Dhabi

On-site

AED 279,000 - 446,000

Full time

30 hours ago

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Benefits offered by this job

Oil & Gas EPC mega projects

Collaborative work environment

Career growth opportunities

Competitive salary and benefits

Job summary

Target Engineering and Construction Co. LLC is seeking an experienced Cost Control Engineer to join our project controls team in the UAE.

The role focuses on monitoring, forecasting, and controlling project costs to ensure budget compliance and optimal resource utilization across large-scale EPC projects. You will provide cost visibility, support project decisions, mitigate financial risks, and contribute to successful project delivery within approved budgets within a dynamic, multidisciplinary

Qualifications

6+ years in Cost Control, Project Controls, or Project Cost Management.
Experience on large-scale Oil & Gas, Civil, or Power projects.
CCP certification preferred; degree in engineering or related field.

Responsibilities

Develop and maintain project budgets and forecasts.
Track expenditures and cost performance against budget; identify variances.
Update forecasts after changes; communicate cost implications to stakeholders.
Prepare Cost-to-Complete, variance analyses, cash-flow forecasts, and cost reports.
Maintain cost databases and support risk assessments and mitigation.

Skills

Cost control

Forecasting

Budgeting

Variance analysis

Financial reporting

ERP proficiency

Excel mastery

Contract standards

Education

Bachelor's Degree in Engineering

Certified Cost Professional (CCP)

Tools

SAP

Oracle

Job description

We are seeking an experienced Cost Control Engineer to join our project controls team and play a key role in ensuring effective financial management across large-scale projects. The successful candidate will be responsible for monitoring, analyzing, forecasting, and controlling project costs to ensure budget compliance and optimal resource utilization.

This position is critical in providing accurate cost visibility, supporting project decision-making, mitigating financial risks, and contributing to the successful delivery of projects within approved budgets.

WHO WE ARE

Target Engineering brings 50+ years of experience in EPC and industrial infrastructure. With in-house fabrication, marine expertise, and multidisciplinary capability, we deliver projects with scale, confidence, and care.

WHY JOIN US

At Target Engineering, you’ll work on large-scale energy, marine, and civil infrastructure projects. Join a business with deep technical roots, where your voice is heard, your impact is visible, and your career is part of a legacy of excellence.

YOUR ROLE

As Cost Control Engineer, you will

Budgeting & Forecasting

Assist in the development and maintenance of project budgets and financial forecasts.
Support estimation activities by providing cost trend analysis and historical data insights.
Collaborate with Project Managers to revise forecasts based on project progress and changing requirements.

Cost Tracking & Analysis

Monitor project expenditures including labor, materials, subcontractors, and overhead costs.
Analyze cost performance against budget and identify variances.
Investigate deviations and recommend corrective actions.
Maintain accurate and up-to-date cost tracking systems and records.

Change Management & Variation Control

Evaluate cost impacts of project changes, variations, and scope modifications.
Update project forecasts and cost reports following approved changes.
Ensure transparent communication of cost implications to stakeholders.

Cost Reporting

Prepare detailed cost reports, including: Cost-to-Complete (CTC), Cost Variance Analysis, Cash Flow Forecasts, Budget Performance Reports
Present financial updates and cost insights to project teams and management.
Support decision-making through timely and accurate reporting.
Identify potential cost-related risks and assess their financial implications.
Recommend and support implementation of risk mitigation strategies.
Contribute cost-related data and analysis to project risk assessments.
Maintain project cost databases and historical cost records.
Support benchmarking initiatives using historical project data.
Improve forecasting accuracy through standardized cost information management.

Stakeholder Support

Serve as a key point of contact for cost-related inquiries.
Participate in project review meetings and provide financial insights.
Promote cost-control best practices across project teams.

WHAT WE’RE LOOKING FOR

Experience

Minimum 6 years of experience in Cost Control, Project Controls, or Project Cost Management.
Proven experience working on large-scale projects within the Oil & Gas, Civil Engineering, or Power sectors.
Demonstrated experience in cost forecasting, budgeting, variance analysis, and reporting.
Experience working in multidisciplinary project environments.

Education and Certifications

Bachelor's Degree in Engineering or a related discipline.
Certified Cost Professional (CCP) certification from AACE International or equivalent. (preferred)

SKILLS AND COMPETENCIES

Strong analytical skills with the ability to interpret complex cost data and financial information.
Proficiency in cost control software and project controls systems.
Hands-on experience with ERP platforms such as SAP, Oracle, or similar enterprise systems.
Advanced knowledge of Microsoft Excel and cost reporting tools.
Strong attention to detail and documentation management skills.
Knowledge of FIDIC contract standards and commercial practices.

WHAT WE OFFER