Cost Engineer - Oil & Gas (Saudi Arabia)

Eram Talent; Saudi Arabia; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading talent acquisition firm in Saudi Arabia is searching for an experienced Cost Engineer to manage Oil & Gas project financials effectively. This role involves developing cost estimates, monitoring expenses, analyzing financial data, and implementing cost control measures. Candidates should have familiarity with budgeting and invoice processing. This position offers a dynamic work environment with significant responsibilities in project financial oversight.

Qualifications

• Experience in Oil & Gas projects and cost estimating.
• Proven ability in budget management and financial reporting.
• Familiarity with invoice processing and cost control measures.

Responsibilities

• Develop detailed project cost estimates and budget proposals.
• Monitor and track project expenses.
• Analyze costs and provide financial reports.
• Identify cost-saving opportunities.
• Assist in reviewing invoices and change orders.
• Ensure financial compliance and resource allocation.
• Prepare cost forecasts and performance evaluations.

Skills

Cost control

Financial forecasting

Budgeting

LSTK Contract Procurement

Invoice processing

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 be fully familiar with the development of the various Classes of the Estimates, Budgeting, CAPEX, forecasting and cost control. Fully familiar with invoice processing and cost estimating, Familiar with LSTK Contract Procurement and Administration.

• 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.