Cost Engineer - Oil & Gas (Saudi Arabia)

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

Job summary

A leading engineering talent firm is seeking an experienced Cost Engineer to manage financials for Oil & Gas projects in Saudi Arabia. You will develop cost estimates, monitor expenses, and ensure financial compliance. The ideal candidate has over 10 years of experience, strong analytical and communication skills, and proficiency in cost management tools. This role offers a dynamic work environment with significant responsibility.

Qualifications

• Minimum of 10 years of experience in cost engineering in Oil & Gas.
• In-depth knowledge of budgeting, cost estimation practices.
• Strong proficiency in cost management software.

Responsibilities

• Develop detailed project cost estimates and budget proposals.
• Monitor project expenses, ensuring adherence to budget.
• Analyze costs and provide financial reports.

Skills

Cost estimation

Budget management

Financial reporting

Analytical skills

Communication

Education

Bachelor in Business Administration or Engineering

Tools

Cost management software

Microsoft Excel

Job description

Eram Talent is searching for an experienced Cost Engineer specializing in Oil & Gas projects to join our dynamic team in Saudi Arabia. This role is crucial in ensuring that project financials are managed effectively, overseeing budgets, cost control, and financial forecasting throughout the project lifecycle. The successful candidate will fully familiar with development of the various classes of the Estimates, Budgeting, CAPEX, forecasting and cost control. Fully familiar about invoice processing and cost estimating, familiar with LSTK Contract Procurement and Administration.

Responsibilities

• Develop detailed project cost estimates and budget proposals for Oil & Gas projects.
• Monitor and track project expenses, ensuring strict adherence to budgetary constraints.
• Analyze costs and provide regular financial reports to project managers and stakeholders.
• Identify potential cost-saving opportunities and implement effective cost control measures.
• Assist in reviewing and processing invoices and change orders from contractors and vendors.
• Coordinate with project teams to ensure financial compliance and effective resource allocation.
• Prepare periodic cost forecasts and performance evaluations for ongoing projects.

Qualifications

• Bachelor in Business Administration or Bachelor Degree in Engineering
• A minimum of 10 years of experience in cost engineering specifically within the Oil & Gas sector.
• In-depth knowledge of cost estimation practices, budgeting, and financial reporting.
• Strong proficiency with cost management software and advanced Microsoft Excel skills.
• Excellent analytical and problem-solving capabilities.
• Effective communication and interpersonal skills with the ability to interact with multiple stakeholders.
• Demonstrated ability to work both independently and within a team environment.
• Experience working in Saudi Arabia or the Middle East is preferred.