Cost Engineer - Oil & Gas Projects (Saudi Arabia)

Eram Talent; Cape Town; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player in talent acquisition is seeking a meticulous Cost Engineer specializing in Oil & Gas Projects. This role is essential for managing the financial aspects of projects, ensuring accurate cost estimates, budgeting, and financial oversight throughout the project lifecycle. As part of a collaborative team, you will engage with project managers and engineers to implement effective cost control measures and identify cost-saving opportunities. If you are driven, detail-oriented, and ready to make an impact in a dynamic environment, this opportunity is perfect for you.

Qualifications

• 8+ years of experience in cost engineering for Oil & Gas projects.
• Strong understanding of cost estimation and budgeting.

Responsibilities

• Develop detailed project cost estimates and budgets based on specifications.
• Analyze project costs and track expenditures to ensure compliance.

Skills

Cost Estimation

Budgeting

Financial Forecasting

Analytical Skills

Problem-solving

Communication Skills

Education

Bachelor's degree in Engineering

Bachelor's degree in Finance

Related field degree

Tools

Cost Management Software

Microsoft Excel

Job description

A leading talent acquisition company is on the lookout for a skilled and detail-oriented Cost Engineer specializing in Oil & Gas Projects to join our team. This role is vital in ensuring that all financial aspects of projects are managed effectively, from budgeting through to forecasting and cost control. As a Cost Engineer, you will work closely with project managers, engineers, and other stakeholders to deliver accurate cost estimates and maintain financial oversight throughout the project lifecycle.

If selected, the job location would be onsite at Saudi Arabia.

Responsibilities

• Develop detailed project cost estimates and budgets based on project specifications.
• Has experience in the oil / gas, hydrocarbon, refinery, offshore, or infrastructure industries and has accounting experience on large to mega projects.
• Assists the supervising Project Control Engineer to coordinate with Project Managers, Project Engineers and Project Control Engineers to ensure correct implementation of project accounting and cost control procedures and requirements.
• Reviews and closely monitors project business practices to ensure project cost objectives are met.
• Must have thorough knowledge of project business practices, calculation methods / software, standards, and procedures.
• Accountable and responsible for all project invoices and cost reports.
• Analyze project costs and track expenditures to ensure compliance with budgets.
• Prepare periodic cost reports and perform cost variance analyses.
• Collaborate with project teams to identify cost-saving opportunities and implement cost control measures.
• Review and validate contractor and subcontractor invoices.
• Assist in the preparation of project bid proposals and contract negotiations.
• Provide financial data for project forecasting and performance evaluations.

Requirements

• Bachelor's degree in Engineering, Finance, or a related field.
• Minimum of 8 + of experience in cost engineering for Oil & Gas projects.
• Strong understanding of cost estimation, budgeting, and financial forecasting.
• A PMP Certification is preferred
• Proficiency in cost management software and Microsoft Excel.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work collaboratively within a team and across departments.
• Experience with procurement processes and contract management.