Senior Cost Control Engineer

Saipem; Abu Dhabi; On-site; AED 150,000 - 200,000; Full time

Benefits offered by this job

Fixed-term contract

Comprehensive benefits package

48 hours weekly working model

Job summary

Saipem is seeking a professional to ensure effective project cost control in Abu Dhabi. The role involves developing cost control systems, monitoring financial performance, and providing forecasts to ensure projects stay within budget.

Key responsibilities include preparing project reports, analyzing cost impacts, and supporting procurement processes. Candidates should have strong knowledge of cost control techniques, fluent English, and experience with EPCI projects.

Qualifications

• Fluency in business English, both oral and written.
• Understanding of accounting principles (IAS/IFRS) and project cost structures (WBS/CBS).
• Experience with project control systems and cost management.

Responsibilities

• Develop and implement the Cost Breakdown Structure (CBS) and cost control systems.
• Monitor project costs, revenues, and progress.
• Identify deviations from the Revised Control Budget.

Skills

Cost control techniques

Project financial management

Reporting

Budgeting

Forecasting

Earned value analysis

Contract management

Change management

Project risk evaluation

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.

Key Skills & Competencies

• 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.

What Can We Offer You

• Fixed‑term contract
• 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.
• Location: UAE, Abu Dhabi