Senior Cost Control Engineer

Saipem; Abu Dhabi; On-site; AED 180,000 - 280,000; Full time

Benefits offered by this job

Corporate Benefits

48 hours weekly

Job summary

Saipem, a global leader in engineering and construction for energy and infrastructure, is seeking a Cost Controller to ensure effective project cost control. You will establish CBS, monitor costs, and provide accurate forecasts to support on-budget delivery, while contributing to risk management and financial reporting across offshore/offshore wind projects.

Fluency in business English is mandatory; offshore EPCI experience is preferred.

Qualifications

• Experience in cost control for large projects (EPCI offshore preferred).
• Knowledge of cost control techniques and IFRS accounting.
• Experience with budgeting, forecasting and earned value analysis.
• Ability to prepare and present cost reports and forecasts.

Responsibilities

• Develop and implement CBS and cost control systems aligned with project and contractual requirements.
• Monitor project costs, revenues, and progress, ensuring reporting and forecasting accuracy.
• Identify deviations from Revised Control Budget and communicate risks and corrective actions.
• Prepare and maintain Cost Control Reports, Project Status Reports, and Cash Flow forecasts.
• Support procurement, invoicing, and contract change processes by cost impact analysis.

Skills

Cost control

Budgeting

Forecasting

Earned value

Reporting

IAS/IFRS knowledge

Risk analysis

Contract change

Tools

Microsoft Office

Project control systems

Job description

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services, Drilling, Energy Carriers, Offshore Wind, Sustainable Infrastructures, Robotics & Industrialized Solutions. Always oriented towards technological innovation, the company’s purpose is “Engineering for a sustainable future”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more 50 countries around the world and employs about 30,000 people of over 130 nationalities.

Purpose of the position: Ensure effective project cost control by establishing cost structures, monitoring financial performance, and providing accurate forecasts and analysis to support project delivery within the approved budget.

Key Responsibilities

• Develop and implement the Cost Breakdown Structure (CBS) and cost control systems aligned with project and contractual requirements.
• Monitor project costs, revenues, and progress, ensuring accurate reporting and forecasting (Estimates at Completion).
• Identify deviations from the Revised Control Budget and promptly communicate risks, trends, and corrective actions to project management.
• Prepare and maintain key project reports, including Cost Control Reports, Project Status Reports, and Cash Flow forecasts.
• Support procurement, invoicing, and contract change/claim processes by analyzing cost impacts and ensuring alignment with project controls.
• Track earned value, accruals, and cost performance throughout the project lifecycle.
• Contribute to risk management by supporting cost-related analysis of risks and opportunities.
• Assist in project close-out activities, including cost reporting and financial reconciliation.
• Strong knowledge of cost control techniques, project financial management, and reporting.
• Understanding of accounting principles (IAS/IFRS) and project cost structures (WBS/CBS).
• Experience with project control systems, budgeting, forecasting, and earned value analysis.
• Ability to analyze cost deviations, manage forecasts, and support decision-making.
• Knowledge of contract management, change management, and project risk evaluation.

Languages: Fluency in business English, both oral and written, is a mandatory requirement; knowledge of any other language will be an asset.

Technical Skills: Cost control knowledge of EPCI Project, preferably offshore

IT Skills: Excellent command of Microsoft Office Suit Package is essential.

What can we offer you:

• Corporate Benefits: We offer a comprehensive benefits package.
• Working model: 48 hours weekly, Monday-Friday.
• Our One Saipem Way soft skills model leverages on skills development, career growth, opportunities to innovate through complex challenges by promoting communication and collaboration to achieve common goals.

Additional Information

We support your development! Do you feel you might not fit this role perfectly? If you think you can contribute to our business development in the future, don’t hesitate to apply anyway through our spontaneous application form !

We embrace diversity! At Saipem, we believe that innovation thrives through diversity. Our culture is built on mutual respect, collaboration, inclusion and the belief that our differences drive our progress.

Safety and Sustainability matter to us! Operating in difficult and at times extreme situations, the focus is always on the health and safety of people and the preservation of the natural ecosystem.

One vision, many paths, limitless possibilities.

PRIVACY POLICY

In accordance with the UAE Federal Decree-Law No. 45 of 2021 on the Protection of Personal Data (PDPL) and, the Abu Dhabi Global Market (ADGM) Data Protection Regulations 2021. (“GDPR”). All interested candidates (L. 903/03) are invited to consult the privacy policy (art 13, 14, D.Lgs 196/03 and art 13 GDPR 679/16).

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