Strategic Cost Engineer: Budgets, Analysis & Control

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

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.