COST CONTROLLER ( Mechanical projects for Oil & Gas - SD/TA)

Abis; Riyadh Region; On-site; SAR 240,000 - 310,000; Full time

Job summary

Abis is seeking a Mechanical Engineer with Finance/Accounts background and 6-8 years of costing and budgeting experience in oil & gas shutdown/turnaround projects. The role requires ERP proficiency, preferably with Microsoft Dynamics AX 365, and a master’s degree in engineering or an MBA is a plus.

The position focuses on organizing and monitoring project costs, reporting forecasts, and advising management on corrective actions to keep expenditures aligned with approved budgets.

Qualifications

• 6-8 years of costing and budgeting experience in oil & gas shutdown/turnaround projects.
• ERP systems experience, especially Microsoft Dynamics AX 365.
• Advanced degree is a plus (Engineering MBA).

Responsibilities

• Monitor and update cost estimates to keep projects within budgets.
• Analyze scope, quantities and cost data between forecasts and budgets.
• Coordinate cost control with HR, payroll, accounting and finance.

Skills

Costing

Budgeting

Cost control

Forecasting

Education

Master's degree in engineering

MBA

Tools

Microsoft Dynamics AX 365

Job description

Monitoring and updating cost estimates for projects to ensure that costs are within expected ranges.

Preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets.

Organize, monitor, and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.

Coordinating with other departments such as human resources, payroll, accounting, and finance to ensure that all costs are accurately tracked.

Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.

Proactively advise management when forecasted costs exceed the approved budget and will recommend corrective actions.

Able to use statistical tools to analyze cost metrics and perform risk analysis.

Attending project meetings and discussions with the external clients if needed.

Analyze cost reports and extract required data for management reporting.

Prepare and report cost engineering information on a monthly basis and when required for management.

Identifying the critical areas and informing the management regarding delays in the project.

Coordinate and work with the project management team to resolve project issues to ensure the delivery/completion of the project work.

Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the Oil & Gas industry for Shutdown/Turnaround , Projects , LFC / MFC/ EPC Contracts.

Reviews and analyzes all claims and Change Orders on project contracts.

Participates in the negotiation of project contracts as required.

Mechanical Engineer / Finance or accounts background from Recognized university.

Master's degree in engineering or MBA is a plus.

Related to oil and gas maintenance / Shutdown and Turnaround.

Professional Experience:

6-8 years of experience in costing and budgeting especially from oil and gas sector for Shutdown / turnaround

ERP - Microsoft Dynamics AX 365