Senior Cost Control Engineer

Aretè & Cocchi Technology; Abu Dhabi; On-site; AED 120,000 - 180,000; Full time

Benefits offered by this job

Comprehensive benefits package

Career growth opportunities

Skills development programs

Job summary

Aretè & Cocchi Technology is seeking a professional in Abu Dhabi for effective project cost control. Responsibilities include developing Cost Breakdown Structures, monitoring financial performance, and managing project reports while ensuring alignment with budgets.

The ideal candidate will have strong expertise in cost control techniques, project financial management, and experience with budgeting and earned value analysis. We offer a comprehensive benefits package and a structured working model of 48 hours weekly, Monday to Friday.

Qualifications

• Strong knowledge of cost control techniques and project financial management.
• Understanding of accounting principles (IAS/IFRS) and cost structures (WBS/CBS).
• Experience with project control systems, budgeting, forecasting, and earned value analysis.

Responsibilities

• Develop and implement the Cost Breakdown Structure (CBS) and cost control systems.
• Monitor project costs and ensure accurate reporting and forecasting.
• Identify deviations from the Revised Control Budget and communicate risks.
• Prepare and maintain key project reports, including Cost Control Reports.
• Support procurement and contract change processes by analyzing cost impacts.

Skills

Cost control techniques

Project financial management

Reporting

Contract management

Change management

Earned value analysis

Tools

Microsoft Office Suite

Job description

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 Suite Package is essential.

Benefits

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