Cost Control Engineer

SupportFinity™; Doha; On-site; QAR 140,000 - 180,000; Full time

Benefits offered by this job

Comprehensive benefits package

Career growth opportunities

Permanent contract

Career development opportunities

Job summary

A global engineering firm is seeking a skilled Cost Control Engineer to manage project budgeting and cost systems. The role involves monitoring financial performance and ensuring compliance with corporate requirements. Candidates should possess a relevant bachelor's degree and at least 5 years of experience in a similar field. This position provides a project-based permanent contract with comprehensive corporate benefits, located in Qatar, Doha.

Qualifications

• At least 5 years of experience in cost control within large projects.
• Proficiency in English is required.
• English proficiency required for communication with international teams

Responsibilities

• Establish and manage a cost control system to support project budget compliance.
• Monitor project costs and deviations, and analyze impacts.
• Support project close-out processes.
• Support risk management activities and perform Monte Carlo analysis
• Ensure cost status is accurately reported during execution and at closure

Skills

Cost management

Risk analysis

Budget tracking

Education

Any Bachelor's Degree

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

As Cost Control Engineer, you will respond/report to the Lead / Manager and be part of PCON Department within the COMP5 Project.

How can you support us? Here are below your responsibilities:

Mission

• Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget
• Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the effect of corrective actions taken is monitored
• Create a cost awareness atmosphere among project team
• Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces.

Tasks

At Project Initial Phase

• After contract award, ensure the implementation of the Cost Control System, elaborating the consolidated Cost Breakdown
• Structure according to the relevant procedure, reviewing the procurement/accounting system adopted in each Operating Companies/Branches involved into the project, and verifying the application of the CBS and the cost traceability
• Issue the Project Cost Control Procedure, Cost Coding Manual and Risk Management Plan, for the Project Control Manager verification, according to standards and contract specification and configure the Cost Breakdown Structure to monitor procurement and accounting activities
• If not provided during the commercial phase, split the Commercial Budget according to the intercompany scheme, contract and work schedule, in order to report revenues/costs by entity, currencies, and main cost accounts and prepare the cash-flow by currency
• Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
• Carry out the Montecarlo Analysis

During The Project Execution Phase

• Ensure the Cost Control System works effectively and cost status is soundly assessed and reported
• Monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress)
• Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services
• Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from baselines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
• Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback
• Issue the project and company reporting

At project closure

Support the Project Control Manager in the preparation of the Project close-out Report and the cost-feedback data to Project Control and Commercial Department.

What are we looking for?

Education

• Any Bachelor’s Degree relevant to the requirement

Experience

• 5+ years of experience

Languages

• Proficient in English

What Can We Offer To You

• Permanent Contract – Project-based position
• Corporate Benefits: We offer a comprehensive benefits package
• Working Hours: 45 hours (9 hours x 5 days)
• 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: Qatar - Doha

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.

Find out more on our career page here

One vision, many paths, limitless possibilities.

PRIVACY POLICY

In accordance with the Qatar's Personal Data Privacy Protection Law (PDPPL) enacted as Law No. 13 of 2016 (“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)

About the company

Saipem