Cost engineer Jobs in Dammam

More than 3 Cost engineer Jobs in Dammam. Explore detailed job descriptions, salaries, and locations. Apply and get hired today!

Dammam

Cost Engineer

ITT Inc.

Act as the focal point for costing-related communication with internal stakeholders and global business units, coordinating inputs and clarifications during the quotation stage.
Lead the preparation, review, and submission of cost estimates and commercial proposals, ensuring technical and commercial accuracy.
Analyze inquiry packages and develop cost breakdowns, including materials, manufacturing, bought-out components, labor, and overhead.
Support the execution team with margin analysis, cost reconciliation, and commercial adjustments throughout project execution.
Contribute to localization initiatives by identifying and evaluating local sourcing opportunities.
Maintain and update cost databases, supplier price libraries, and internal reference tools.

Essential Qualifications:
Successful candidates will have relevant educational background and experience in engineering or cost management. Attention to detail and strong communication skills are essential.

If you have the skills and are excited about this opportunity, we encourage you to apply today!

0-1 years

Dammam

Trading and Development Partnership

Role Overview
The Cost Control Engineer is responsible for overseeing project expenses and ensuring that the project remains within the approved budget. You will act as the financial "pulse" of our projects, identifying potential cost overruns before they happen and providing the data-driven insights necessary for leadership to make informed decisions.

Key Responsibilities

Budget Management: Establish and maintain the project’s Baseline Budget and Work Breakdown Structure (WBS).
Cost Monitoring: Track daily/weekly expenditures, commitments, and resource allocations against the project plan.
Forecasting: Perform Estimate at Completion (EAC) and Estimate to Complete (ETC) analysis to predict final project costs.
Reporting: Generate monthly cost reports, cash flow forecasts, and variance analyses (Actual vs. Budget).
Change Management: Evaluate the cost impact of change orders and technical modifications.
Performance Measurement: Utilize Earned Value Management (EVM) to assess project health.

Analytical Rigor: Ability to spot trends in massive datasets and identify the "why" behind a variance.
Software Proficiency: Expert-level Excel (Pivot tables, VLOOKUPs, macros) and experience with ERP/Project Management software (*, SAP, Primavera P6, or Microsoft Project).
Communication: The ability to explain complex financial data to non-financial stakeholders (Project Managers, Engineers, and Clients).
Attention to Detail: Precision is non-negotiable; a small error in a unit rate can lead to a massive deficit over a long-term project.

Education: Bachelor’s Degree in Engineering (Civil, Mechanical, or Electrical) from an accredited institution.
Experience: [Recent Graduate or Max one year experience] in cost control, project controls, or quantity surveying.
SCE: Valid membership in the Saudi Council of Engineers.

The "Ideal" Candidate
The person who succeeds in this role doesn't just report that a project is over budget—they explain how it happened and provide three options to fix it. We are looking for a proactive problem-solver, not just a record-keeper.

2-5 years

Dammam

Hill International, Inc.

Develop and implement cost control strategies and procedures for effective financial management.
Monitor and analyze financial data to uncover cost-saving opportunities and enhance profitability.
Prepare and present financial reports, budget forecasts, and variance analyses to senior management.
Coordinate with project managers and department heads to track and control project costs.
Review and approve purchase orders, invoices, and expense reports for compliance with company policies.
Conduct audits of financial records and procedures to resolve discrepancies.
Train and mentor cost control staff on relevant processes and procedures.
Collaborate with teams to develop cost reduction initiatives and drive efficiency.
Stay updated on industry trends, regulations, and best practices in cost control and financial analysis.

Bachelor's or Master's Degree in Accounting or Engineering from an accredited university.
Minimum 15 years of experience in a related field on major national/international projects.
Extensive knowledge of project cost management.
Strong ability to present budgetary plans and requirements to senior management and governmental authorities.
Excellent negotiation skills with various stakeholders to secure project costs.
Fluency in Arabic and English with strong verbal and written communication skills.

2-5 years

Dammam