Project - Cost Control Engineer

Arabian Construction Company - WLL; Abu Dhabi; On-site; AED 180,000 - 240,000; Full time

Job summary

A leading company in the Oil & Gas sector is seeking a Project Control Engineer to develop and maintain cost control systems, manage project budgets, and ensure compliance with EPC contractual obligations. The ideal candidate will have a Bachelor's degree in Engineering and over 10 years of experience in project control roles, particularly within EPC projects. This full-time position offers a competitive salary and the opportunity to work in a dynamic environment.

Qualifications

• Minimum 10+ years of experience in project control roles within EPC projects.
• Proficiency in Primavera P6, ERP (SAP/Oracle), and project reporting tools.

Responsibilities

• Develop and maintain cost control systems and reports.
• Prepare and manage project budgets and cash flow forecasts.
• Monitor and track project expenditures and perform cost variance analysis.

Skills

Project Scheduling & Planning

Cost Control & Estimation

Progress Measurement & Reporting

Change Management

Risk & Opportunity Management

Contractual & Commercial Awareness

Education

Bachelor’s Degree in Engineering (Mechanical or equivalent)

Tools

Primavera P6

ERP (SAP/Oracle)

Job description

Bachelor of Technology/Engineering(Mechanical, Metallurgy)

Nationality

Any Nationality

Any

Vacancy

Job Description

• Develop and maintain cost control systems, procedures, and reports in compliance with company standards. Prepare and manage project budgets, cost estimates, and cash flow forecasts. Monitor and track all project expenditures, including purchase orders, contracts, and change orders. Perform cost variance analysis and report deviations from budget to project management. Work closely with planning engineers, procurement, and project managers to ensure alignment of cost with schedule. Update and review cost control reports and participate in progress review meetings. Assist in the development of cost databases and ensure accuracy of financial data. Ensure compliance with EPC contractual obligations related to cost and budgeting. Support risk management by identifying and assessing cost-related project risks.

Responsibilities:

• Develop and maintain cost control systems, procedures, and reports in compliance with company standards.
• Prepare and manage project budgets, cost estimates, and cash flow forecasts.
• Monitor and track all project expenditures, including purchase orders, contracts, and change orders.
• Perform cost variance analysis and report deviations from budget to project management.
• Work closely with planning engineers, procurement, and project managers to ensure alignment of cost with schedule.
• Update and review cost control reports and participate in progress review meetings.
• Assist in the development of cost databases and ensure accuracy of financial data.
• Ensure compliance with EPC contractual obligations related to cost and budgeting.
• Support risk management by identifying and assessing cost-related project risks.

Desired Candidate Profile

Qualifications: Bachelor’s Degree in Engineering (Mechanical or equivalent). Minimum 10+ years of experience in project control roles within EPC projects (Oil & Gas and Petrochemicals, etc.). Proficiency in Primavera P6, ERP (SAP/Oracle), and project reporting tools.

Required Skills: Candidate should have good knowledge of: Project Scheduling & Planning, Cost Control & Estimation, Progress Measurement & Reporting, Change Management, Risk & Opportunity Management, Contractual & Commercial Awareness.

Preferred Skills: Software Proficiency - Primavera P6 for planning and scheduling, SAP for cost and procurement tracking.

Employment Type

Full Time

Company Industry

• Oil & Gas

Department / Functional Area

• Projects

Keywords

• Planning And Cost Control Engineer
• Cost Control Specialist

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