Cost Engineer (Relocation to Saudi Arabia)

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

We are seeking an experienced Cost Engineer to join our client’s Project Management team (PMT). Our client's Project Management Teams are directly responsible and accountable for the delivery of best in class capital projects assigned to department. PMT is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance.

This will involve engineering design, procurement and construction of various sizes, types and complexity of small, medium to multi-billion dollar mega size projects.

Key Responsibilities

You will be required to perform the following:

• Provide cost analysis, controls and report 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.
• 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 additional ad-hoc reports as required by Management.
• Provide 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.
• Collect, monitor, analyze and report all cost information through the Project Manager.
• Review and analyze all claims and Change Orders on project contracts.
• Participate in the negotiation of project contracts as required.
• Initiate appropriate action when total forecast indicates allocated funds will be exceeded.

Minimum Requirements

• As the successful candidate, you will hold a bachelor's degree in Engineering from a recognized university
• You will have a minimum of fifteen years cost engineering experience in oil and gas, petrochemical, refinery projects or facilities, with at least ten years in
• managing project budgets, cost tracking, forecasting; and financial reporting with a Broad, multi-discipline knowledge and experience of cost engineering for Oil and Gas projects. A certification from Professional Organization is highly recommended.