Cost Engineer

Eram Talent; Dhahran Compound; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading talent acquisition firm in Saudi Arabia is seeking a skilled Cost Engineer to ensure financial objectives are met while maintaining compliance with established standards. Responsibilities include preparing cost estimates, monitoring project costs, and collaborating with teams to implement cost-saving practices. Candidates should have a Bachelor's Degree in a relevant field and 1-3 years of experience, preferably in the Oil & Gas or Construction industry.

Qualifications

• 1-3 years of experience in cost engineering or a similar role.
• Strong understanding of cost estimation, budgeting, and cost control methodologies.
• Experience in the Oil & Gas or Construction industry is preferred.

Responsibilities

• Prepare comprehensive cost estimates and budgets for projects.
• Monitor and control project costs and financial performance.
• Conduct cost analysis and generate regular financial reports.
• Collaborate with project teams to implement cost-effective practices.
• Review and validate contractor invoices and change orders.
• Assist in financial forecasting and risk analysis.
• Identify cost-saving opportunities and provide actionable recommendations.

Skills

Cost estimation

Budgeting

Cost control methodologies

Analytical skills

Problem-solving

Communication skills

Teamwork

Education

Bachelor's Degree in Engineering, Finance, or related field

Tools

Microsoft Excel

Job description

Eram Talent is seeking a skilled and detail-oriented Cost Engineer to join our team. As a Cost Engineer, you will be responsible for providing accurate cost assessments for various projects, ensuring that financial objectives are met while maintaining compliance with established standards. This role requires collaboration with project managers and engineers to develop budgets, track expenditures, and analyze financial data.

Responsibilities

• Prepare comprehensive cost estimates and budgets for projects.
• Monitor and control project costs and financial performance.
• Conduct cost analysis and generate regular financial reports.
• Collaborate with project teams to implement cost-effective practices.
• Review and validate contractor invoices and change orders.
• Assist in financial forecasting and risk analysis.
• Identify cost-saving opportunities and provide actionable recommendations.

• Bachelor's Degree in Engineering, Finance, or a related field.
• 1-3 years of experience in cost engineering or a similar role.
• Strong understanding of cost estimation, budgeting, and cost control methodologies.
• Proficiency in relevant software and Microsoft Excel.
• Excellent analytical and problem-solving abilities.
• Strong communication and teamwork skills.
• Experience in the Oil & Gas or Construction industry is preferred.