Cost Control Engineer

Eram Talent; Al Khobar; On-site; SAR 320,000 - 520,000; Full time

Job summary

Eram Talent in Saudi Arabia seeks an experienced Lead Engineer (Cost Control) to oversee cost engineering, project controls, budgeting, forecasting, and cost reporting for large capital projects in the oil and gas sector.

You will manage cost estimation, budgeting, and monthly reports, ensure costs align with contracts and company standards, and coordinate with project managers, engineers, contractors, and clients to drive decisions.

Qualifications

• Bachelor's degree in a related field.
• 10+ years of experience in engineering and project management execution.
• Experience in cost estimation, budgeting, forecasting and control of large-scale projects.
• Proficiency with SAP or Oracle.
• Excellent professional English communication.

Responsibilities

• Manage cost estimation, budgeting, forecasting, and cost control activities for capital projects.
• Prepare, maintain, and review accurate monthly cost reports and project cost forecasts.
• Monitor project costs against approved budgets, contracts, and cost control requirements.
• Provide cost analysis and recommendations to support project management and decision-making.
• Ensure engineering, procurement, construction, and project completion activities comply with contractual, cost, and company requirements.
• Coordinate effectively with project managers, engineers, contractors, clients, and other stakeholders.
• Support project controls and ensure proper implementation of cost management procedures.

Skills

Cost engineering

Project controls

Budgeting

Forecasting

Communication

English

Education

Bachelor's degree

Tools

SAP

Oracle

Job description

We are seeking an experienced Lead Engineer (Cost Control Engineer) to oversee cost engineering, project controls, budgeting, forecasting, and cost reporting for large-scale capital projects, preferably within the oil & gas industry.

Key Responsibilities:

• Manage cost estimation, budgeting, forecasting, and cost control activities for capital projects.
• Prepare, maintain, and review accurate monthly cost reports and project cost forecasts.
• Monitor project costs against approved budgets, contracts, and cost control requirements.
• Provide cost analysis and recommendations to support project management and decision-making.
• Ensure engineering, procurement, construction, and project completion activities comply with contractual, cost, and company requirements.
• Coordinate effectively with project managers, engineers, contractors, clients, and other stakeholders.
• Support project controls and ensure proper implementation of cost management procedures.

Requirements:

• Bachelor's degree in Finance, Management Information Systems, Engineering, or a related field.
• Minimum 10 years of experience in engineering and project management execution.
• Strong experience in Cost Engineering, Project Controls, or a related discipline.
• Proven experience in cost estimating, budgeting, forecasting, and control of large-scale projects, preferably in oil & gas.
• Proficiency in cost management systems such as SAP or Oracle.
• Strong knowledge of project management principles, cost engineering practices, and relevant industry standards.
• Excellent communication and professional English.

Preferred Certification:

• PMP (Project Management Professional) certification preferred.