Saudi Aramco
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Cost Engineer

Job Description and Requirements

As the successful candidate you will hold a Bachelor’s degree in Engineering, Construction Management, Economics, Business Administration or Accounting, with a minimum of two to nine years’ cost engineering experience, including at least one to five years devoted to petrochemical, refinery, pipeline, or power generation projects. Preferably Certified from Professional Organization.

Duties & Responsibilities:
The successful candidate requires extensive experience in the field of Cost Engineering and will be responsible for cost analysis, cost controls and reporting activities for Capital and non-Capital projects.  

Provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets.  

Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures. 

Ensure that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.  

Proactively advise management when forecasted costs exceed the approved budget and he will recommend corrective actions.

Candidate must be able to use statistical tools to analyze costs metrics and perform risk analysis. 

Analyze contractors' cost reports and extract required data for management reporting.  

Prepare and report cost engineering information on a monthly basis and when required for management.

Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts. 

Collects, monitors, analyzes and reports all cost information through the Project Manager. 

Reviews and analyzes all claims and Change Orders on project contracts. 

Participates in the negotiation of project contracts as required. 

Initiates appropriate action when total forecast indicates allocated funds will be exceeded.