Cost Engineer

Company profile; Al Jubayl; On-site; SAR 80,000 - 150,000; Full time

Job summary

An established industry player is seeking a skilled Cost Engineer to join their Turnaround & Inspection unit. This pivotal role involves providing technical support in cost-related matters, ensuring efficient planning and execution of maintenance projects. The successful candidate will utilize their extensive experience in cost engineering within refining or petrochemical facilities to analyze expenditures, develop budgets, and identify cost reduction opportunities. The company offers a dynamic working environment with opportunities for professional growth, making it an exciting place to advance your career in the energy sector.

Qualifications

• 10+ years of cost engineering experience in refining or petrochemical facilities.
• Knowledge of computer-estimating programs and cost optimization tools.

Responsibilities

• Provide cost engineering expertise and analyze expenditures for T&I projects.
• Develop and maintain budgets for maintenance activities and capital projects.

Skills

Cost Engineering

Cost Optimization

Project Management

Risk Management

Budget Management

Education

Bachelor Degree in Engineering

Tools

Aspentech CCE

Timberline

SAP

Job description

Overview

We are seeking a Cost Engineer to join our Turnaround & Inspection (T&I) unit within our Ras Tanura Refinery Maintenance Department.

Ras Tanura Refineries T&I unit is responsible for the planning and execution of all turnarounds across our Ras Tanura Refinery facilities, ensuring quality and enhancing efficiency through effective planning and execution.

Your primary role will be to provide overall technical support in all cost related matters and coordinate cost engineering activities as a member of our T&I team.

Key Responsibilities

1. Provide all cost engineering expertise to the T&I team.
2. Prepare, review, monitor, analyze and report all T&I event/unit associated expenditures and identify areas for cost reduction without compromising quality or safety.
3. Assist with the preparation of cost portion of maintenance projects, shutdowns, or turnarounds procurements contracts.
4. Review and analyze claims and change orders and assist in the preparation of cost portions of procurements and execution contracts.
5. Develop and maintain budgets for all maintenance activities and capital projects.
6. Assist in planning and forecasting costs for the annual maintenance program and provide input on the financial feasibility of repair or replacement initiatives.
7. Review multi-discipline conceptual, detailed and definitive cost estimates for Saudi Aramco T&I to ensure accuracy, completeness and compliance with the scope of work.
8. Assist T&I team to recommend and implement initiatives to optimize the cost of maintenance and downtime.
9. Initiate appropriate action when total forecast indicates allocated funds will be exceeded.
10. Keep abreast of significant developments in cost engineering by close review of technical literature, publications, magazines, and attendance of professional and technical meetings.
11. Work closely with the maintenance department, procurement, and engineering teams to identify opportunities for cost optimization.
12. Assist T&I team for proper allocation of resources and that maintenance tasks are executed within budget.

Minimum Requirements

1. As the successful candidate you will hold a Bachelor Degree in Engineering, preferably in Mechanical or Industrial Engineering or a closely related discipline.
2. You should have a minimum of 10 years of cost engineering experience in projects/turnaround within operations of a refining or petrochemical facilities.
3. You must be able to demonstrate an overall knowledge of computer-estimating programs, such as Aspentech CCE (Capital Cost Estimator), Timberline etc. and shall be familiar with estimate databases such as Means, Richardson and SAP.
4. Project Management Professional (PMP), AACE-CCP (American Association of Cost Engineers – Certified Cost Professional) or AACE-CEP (American Association of Cost Engineers – Certified Estimating Professional) certification is preferred.
5. You should be able to demonstrate experience in the use of cost and estimating tools and the application of market conditions and risk management to estimates.

Working environment

Our high-performing employees are drawn by the challenging and rewarding professional, technical and industrial opportunities we offer, and are remunerated accordingly.

At Aramco, our people work on truly world-scale projects, supported by investment in capital and technology that is second to none. And because, as a global energy company, we are faced with addressing some of the world’s biggest technical, logistical and environmental challenges, we invest heavily in talent development.

We have a proud history of educating and training our workforce over many decades. Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through our workforce development programs – one of the largest in the world.