✨ AI Summary
The Sr. Cost Control Engineer will be responsible for supporting project financial performance by developing budgets, monitoring expenditures, analyzing variances, and preparing cost forecasts. This role ensures accurate and timely cost reporting for major capital projects. Key responsibilities include developing and maintaining project cost budgets, monitoring actual costs, preparing monthly cost reports and EAC forecasts, reviewing contractor invoices, tracking change requests, and supporting risk reviews to identify cost impacts. The ideal candidate will have a Bachelor's degree in Engineering, Finance, or Accounting, with 10-15 years of experience in project cost control, preferably in the oil & gas or EPC sectors. Proficiency in cost management tools such as SAP, Oracle, EcoSys, and Excel is required, and professional certifications like AACEI CCP or PMP are preferred. Strong analytical, communication, and reporting skills are essential for this role.
Requirements
Bachelor's degree in Engineering, Finance, Accounting, or related field. 10-15 years experience in project cost control, preferably in oil & gas/EPC. Proficiency with cost management tools like SAP, Oracle, EcoSys, and Excel. Professional certifications such as AACEI CCP or PMP are preferred. Strong analytical, reporting, and communication skills are essential, along with attention to detail and the ability to work in fast-paced project environments. Experience in developing cost models, forecasting revenue and cost, and good knowledge in SAP or equivalent ERP systems are required.
Description
TitleSr. Cost Control EngineerSenior Cost Control Engineer - Grade OCST30Position OverviewThe Sr. Specialist I – Cost Control supports project financial performance by developing budgets, monitoring expenditures, analyzing variances, and preparing cost forecasts. The role ensures accurate and timely cost reporting to support decision‑making across major capital projects.Key ResponsibilitiesDevelop and maintain project cost budgets and baselines.Monitor actual costs, commitments, and forecasts against approved budgets.Prepare monthly cost reports, dashboards, and EAC forecasts.Review and validate contractor invoices, variations, and cost-related contract items.Track change requests and incorporate approved changes into project budgets.Support risk reviews by identifying cost impacts and trends.Ensure compliance with internal cost control procedures and audit requirements.QualificationsBachelor's degree in Engineering, Finance, Accounting, or related field.10–15 years experience in project cost control (oil & gas/EPC preferred).Proficiency with cost management tools (e.g., SAP, Oracle, EcoSys, Excel).Professional certifications (AACEI CCP, PMP) preferred.Key SkillsStrong analytical and numerical ability.Excellent communication and reporting skills.Attention to detail and accuracy.Ability to work in fast-paced project environments.Excellent in developing and setting up Cost Model System and Forecasting of Revenue and Cost. Good knowledge in SAP is required, or any equivalent ERP system is required Good Excel and MS Office skills are required. Good in Data Analytics and Power BI Reporting Good in communication and presentation R2118084