Engineer cost control

Excelsior Expert Sdn. Bhd.; Johor Bahru; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading engineering firm in Johor Bahru seeks a Cost Control Engineer to manage project costs and ensure compliance with budgets. The successful candidate will prepare cost estimates, monitor expenditures, and provide financial reports for oil & gas and energy projects. Ideal candidates have a bachelor’s degree in engineering, 1-2 years of relevant experience, and strong skills in cost control principles and Microsoft Excel. Join a dynamic team for hands-on project involvement and growth opportunities.

Benefits

Exposure to oil & gas and energy sector projects

Opportunity to grow in project controls and management

Dynamic working environment

Qualifications

• Minimum 1–2 years experience in cost control or project cost management.
• Experience in oil & gas, energy, or industrial projects is an advantage.

Responsibilities

• Prepare project cost estimates and budgets.
• Monitor project expenditures against budgets.
• Prepare monthly cost reports and cash flow forecasts.
• Identify cost risks and recommend corrective actions.

Skills

Cost control principles

Microsoft Excel

Project financial management

Analytical skills

Communication skills

Education

Bachelor’s Degree in Engineering or Construction Management

Tools

Project controls tools

Job description

Job Description

We are seeking a Cost Control Engineer to manage, monitor, and control project costs to ensure financial efficiency and compliance with approved budgets. The successful candidate will support project teams in cost planning, forecasting, reporting, and financial risk management across oil & gas, energy, and general industry projects.

Key Responsibilities

Cost Planning & Budget Control

• Prepare project cost estimates, budgets, and cost breakdown structures (CBS).
• Monitor project expenditures against approved budgets.
• Track commitments, variations, and cost changes throughout the project lifecycle.
• Identify cost overruns and recommend corrective actions.

Cost Monitoring & Reporting

• Prepare monthly cost reports, cash flow forecasts, and earned value analysis (EVA).
• Monitor man-hours, materials, subcontractor costs, and indirect costs.
• Provide cost status updates to Project Manager and Management.
• Support management review and financial audits.

Contract & Commercial Support

• Assist in evaluation of subcontractor quotations and variation orders.
• Monitor subcontractor claims, progress billing, and cost impacts.
• Support final accounts, project close-out, and cost reconciliation.

Risk & Cost Optimisation

• Identify cost risks and opportunities for cost savings.
• Support value engineering and cost optimisation initiatives.
• Ensure cost control practices comply with company procedures and client requirements.

Job Requirements

Education

Bachelor’s Degree in Engineering and Construction Management, or related field.

Experience

• Minimum 1–2 years experience in cost control or project cost management.
• Experience in oil & gas, energy, rotating equipment, or industrial projects is an advantage.
• Familiar with EPC / maintenance / shutdown project environments.

Skills & Knowledge

• Strong knowledge of cost control principles and project financial management
• Proficient in Microsoft Excel (cost tracking, formulas, reporting)
• Familiar with project controls tools, budgeting, and forecasting techniques
• Ability to interpret drawings, BOQs, and project scope
• Good analytical, reporting, and communication skills.

Personal Attributes

• Detail-oriented and strong numerical skills.
• Able to work independently and meet deadlines.
• Good teamwork and coordination with project and finance teams.
• Willing to travel to project sites when required.

Why Join Us?

• Exposure to oil & gas and energy sector projects.
• Opportunity to grow in project controls and management.
• Dynamic working environment with hands-on project involvement.