Cost Engineer

Eram Talent; Dhahran Compound; On-site; SAR 60,000 - 80,000; Full time

Job summary

An international talent acquisition firm is seeking a skilled Cost Engineer to provide accurate cost assessments and manage project budgets. The ideal candidate will have a Bachelor's degree in engineering or finance and 1-3 years of experience in cost engineering, particularly in the Oil & Gas or Construction industry. This role involves collaboration with project teams to track expenditures and analyze financial data, ensuring financial objectives are met.

Qualifications

• 1-3 years of experience in cost engineering or a similar role.
• Strong understanding of financial forecasting and risk analysis.
• 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.
• Identify cost-saving opportunities and provide actionable recommendations.

Skills

Cost estimation

Budgeting

Cost control methodologies

Analytical skills

Communication

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.

Qualifications

• 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.