Cost Engineer📣 Job Ad

Join Wood as a Cost Engineer:
Wood is seeking a talented and experienced Cost Engineer for an exciting opportunity within our oil and gas projects. As a vital member of our team, you will support project execution through effective cost management strategies.

Key Responsibilities:

• Develop, issue, and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS).
• Liaise with different project disciplines to assist in the development of project budgets and ensure accurate cost capture.
• Maintain awareness of project activities and their impact on budget, schedule, and forecasting.
• Monitor and control cost commitments and expenditures throughout the project lifecycle.
• Prepare and provide project cost performance reports as required.
• Participate in cost & estimate risk analysis sessions.

Qualifications:

• Bachelor's Degree in a relevant technical or business discipline or equivalent vocational training.
• A minimum of 8 years of relevant cost experience is required.
• Proficient in cost management software and concepts.
• Strong understanding of project management principles and cost management practices.

At Wood, we foster a diverse and inclusive work environment. All applicants will be considered regardless of race, color, age, religion, gender, national origin, disability, or any other characteristic under applicable laws.

Join Wood as a Cost Engineer and become part of a vibrant team working on exciting oil and gas projects. In this role, you will play a critical part in project execution and cost management.

Responsibilities:

• Develop, issue, and maintain Project Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) for specific scopes.
• Liaise with various project functions to assist in the development of project budgets, ensuring all scopes and assumptions are accurately reflected.
• Work closely with procurement, finance, and third parties to capture all relevant costs accurately.
• Maintain project cost budgets and monitor expenditures through all phases of the project lifecycle.
• Prepare project cost performance reports and forecasts in accordance with reporting requirements.
• Attend project meetings and manage the project work approval process.
• Facilitate communication between project teams regarding cost and schedule impacts of changes.

Qualifications:

• Bachelor's Degree in a relevant technical or business discipline.
• Minimum of 8 years of relevant cost experience with proficiency in cost management tools and techniques.
• Understanding of project management principles and change management processes.

At Wood, we embrace diversity and encourage applications from all suitably qualified candidates. Our teams thrive on a rich variety of perspectives, experiences, and skills.

Join Our Team as a Cost Engineer!
Are you ready to take your career to the next level? Alfalak Electronic Equipment & Supplies Co. is seeking a skilled and motivated Cost Engineer to join our dynamic team in Al Khobar. As a leading IT and communications solution provider in Saudi Arabia with over 43 years of experience, we are focused on delivering innovative solutions that meet our clients' needs.

Job Overview:
The Cost Engineer will be responsible for managing project costs, including monitoring expenditures, controlling budgets, and forecasting. Your expertise will be vital in minimizing financial risks and ensuring the efficient allocation of resources.

Key Responsibilities:

• Monitor and control project budgets and forecasts
• Prepare cost reports and track project expenditures
• Develop material take-offs and request vendor quotations
• Support in identifying and estimating scope changes
• Analyze blueprints, specifications, and project documents to assess costs
• Identify potential cost optimization opportunities

Required Skills:

• Strong analytical skills in cost estimation and forecasting
• Ability to prepare accurate cost reports and financial summaries
• Proficiency in reading project drawings and technical documents
• Experience in project budgeting and financial risk analysis

Preferred Certifications:
Certification in Financial Analysis or related discipline from an accredited institution.