Strategic Cost Controller – Oil & Gas (KSA)

Penspen

Eastern Province

On-site

SAR 300,000 - 540,000

Full time

3 days ago

Be an early applicant

Application generator

Stand out for this role — generate a tailored resume and cover letter in about a minute.

Get past ATS filters

Job summary

Penspen is seeking a Cost Engineer to provide cost management and budgeting oversight for oil and gas projects in Alkhafji, KSA. You will review estimates, lead cost reviews, validate progress, and support cash flow forecasting in line with contractual commitments.

The role requires 6–14 years on major Oil & Gas projects, strong analytical skills, and experience with cost accounting procedures. Based in Alkhafji, this is a full-time position with opportunities to contribute to lessons learned

Qualifications

Bachelor's degree in engineering/quantity surveying/administration/business or equivalent.
Diploma with certificate in project cost related expertise.
A minimum of 6 years project cost engineering experience for major Oil & Gas/Petrochemical projects.

Responsibilities

Provide overall cost management and budget control oversight for the project, ensuring EPC contractor financial performance aligns with approved budgets and contractual commitments.
Review cost estimates, budgets, commitments, and forecasts submitted by the EPC contractor.
Lead cost reviews, validate progress and cost reports, and provide variance analysis and recommendations.
Evaluate contractor cost control procedures, ensuring compliance with PMS and Client requirements.
Support the Project Controls Manager in developing cost baselines, change control procedures, and cash flow forecasting.
Review and validate claims, invoices, and variation orders for accuracy and contract compliance.
Prepare monthly cost performance summaries and support final cost closeout and lessons learned documentation.