Senior Engineer - Cost Control

Petrofac; Pasir Gudang; On-site; MYR 80,000 - 120,000; Full time

Job summary

Petrofac is seeking a Senior Engineer - Cost Control to manage project budgets and monitor costs for EPC projects. The role involves preparing cost reports, assessing subcontractor relationships, and providing training to junior staff. The ideal candidate will have a Bachelor's degree in engineering and over 10 years of relevant experience.

Qualifications

• Minimum 10 years experience including 3 years in cost control for EPC projects.
• Hands-on site experience in project activities.
• Proficiency in interpreting BOQs.

Responsibilities

• Provide project cost budgets and monitor costs.
• Prepare periodic cost reports and variance reports.
• Assist in identifying risks and propose process improvements.

Skills

Cost analysis

Estimation techniques

Project management

Education

Bachelor's degree in engineering

Job description

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs, planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

Senior Engineer - Cost Control

KEY RESPONSIBILITIES:

• Provide assigned project cost budgets, including material, manpower, equipment/material costs, subcontracts, third-party services, and financial costs, etc.
• Coordinate with project engineers to clarify any queries or discrepancies. Assist in identifying and mitigating project risks.
• Prepare periodic cost reports detailing the status of incurred costs and budgeted vs. actual variations in consultation with the supervisor/Project Manager.
• Monitor costs, generate variance reports as required, and forward them to the Supervisor/Project Manager for review.
• Forecast various line items of the cost report in consultation with project team members.
• Assess potential variations/claims from subcontractors and vendors.
• Assist Project Engineers in preparing additional cost analyses as needed.
• Participate in project review meetings, if required, and provide cost-related data as necessary.
• Interface with project engineers and Accounts, providing clarifications and assistance as needed.
• Propose suggestions for process improvement and update cost control practices for better efficiency.
• Develop a historical cost database for projects to aid future reference.
• Provide training and guidance to new or junior Cost Control personnel.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Bachelor's degree in engineering.
• Minimum of 10 years of professional experience, with at least 3 years in the cost control function of EPC projects.
• Hands-on site experience in managing project activities.
• Proficiency in reading and interpreting BOQs.
• Strong knowledge of estimation techniques and cost analysis.
• Experience in dealing with subcontractors and managing subcontractor relationships.
• Ability to handle and manage site instructions effectively.

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Additional Information