Associate Cost Engineer

شركة الفلك للمعدات والتجهيزات الإلكترونية; Al Khobar; On-site; SAR 80,000 - 100,000; Full time

Job summary

A leading equipment and supplies company in Al Khobar is seeking an Associate Cost Engineer to manage project costs, including budget control and forecasting. The ideal candidate should have a Bachelor's degree and 3 to 5 years of experience in cost engineering, alongside strong analytical skills. This role involves preparing detailed cost reports and optimizing resource allocation across projects.

Qualifications

• 3 to 5 years of relevant work experience in cost engineering or project cost control.
• Strong analytical skills with the ability to prepare and interpret detailed cost reports.
• Proficient in budgeting, forecasting, and financial risk management.

Responsibilities

• Monitor and control project costs to ensure adherence to approved budgets.
• Forecast expenditures and prepare regular cost reports.
• Analyze blueprints, specifications, and project documents to calculate costs.

Skills

Cost monitoring

Budget control

Forecasting

Analytical skills

Education

Bachelor’s degree in Engineering, Finance, Economics, or Accounting

Job description

Overview

SMP Opportunity in Oil & Gas Company

Job Title: Associate Cost Engineer

Job Summary:

The Associate Cost Engineer is responsible for managing project costs including cost monitoring, budget control, and forecasting project expenditures. This role ensures effective financial risk control and optimal resource allocation across project phases.

Responsibilities

• Monitor and control project costs to ensure adherence to approved budgets
• Forecast expenditures and prepare regular cost reports
• Prepare material lists and request vendor quotations
• Support in defining and estimating scope change quantities
• Analyze blueprints, specifications, and project documents to calculate material, labor, and equipment costs
• Identify potential cost optimization opportunities
• Develop and present monthly project updates related to cost and forecasted spending

Qualifications

• Bachelor’s degree in Engineering, Finance, Economics, or Accounting
• 3 to 5 years of relevant work experience in cost engineering or project cost control
• Strong analytical skills with the ability to prepare and interpret detailed cost reports
• Proficient in budgeting, forecasting, and financial risk management
• Experience in interpreting technical documents such as blueprints and specifications

Preferred Qualifications

• Certification in Financial Analysis or related field from an accredited institution