Lead Cost Engineer

About Jacobs

Jacobs is a company focused on solving critical global problems across various sectors, including urban development, environmental resilience, and scientific discovery. The organization aims to transform abstract ideas into realities that contribute positively to the world.

Role Overview

Jacobs is seeking a Lead Cost Engineer for a full-time position in Neom, Al Jawf, Saudi Arabia. This role is responsible for cost reporting and control within the closeout portfolio. The Lead Cost Engineer will manage budgets, accruals, commitments, cash flow, funding, and forecasts, providing clear insights into the current cost position, forecast final cost, and closeout funding requirements to the Project Controls Manager and senior stakeholders.

Key Responsibilities

• Oversee cost reporting for the portfolio and establish the monthly cost control cycle, data requirements, and review timetable.
• Manage approved budgets, allocations, transfers, and cost coding across multiple contracts and workstreams.
• Develop and maintain detailed forecasts, forecast-at-completion positions, and closeout cost projections.
• Manage the monthly accrual process, including validation, reconciliation, aging review, and clearing of unsupported or duplicate accruals.
• Track commitments, actual costs, pending liabilities, settlements, and remaining exposure through contract closure.
• Prepare cash flow forecasts and funding requirements for termination, demobilization, preservation, settlement, and closeout.
• Reconcile data from SAP, Oracle Unifier, commercial records, and project reporting, and resolve material differences.
• Lead cost inputs for weekly reports, monthly portfolio reports, closeout reports, preservation cost reports, dashboards, and presentations.
• Provide cost substantiation and supporting records for claims, disputes, settlement discussions, and final account reviews.
• Establish cost reporting templates, controls, and data checks, ensuring a clear audit trail for assumptions and forecast changes.
• Explain movements in budgets, commitments, accruals, actuals, cash flow, and forecasts.
• Support the Project Controls Manager in portfolio reviews and senior stakeholder discussions.

Qualifications and Experience

• A minimum of 10 years of relevant experience is required for this role.

Work Environment and Culture

Jacobs fosters an inclusive culture that values diverse perspectives and backgrounds, promoting collaboration and mutual support. The company emphasizes safety and flexibility, offering arrangements and opportunities designed to maximize employee potential. Jacobs operates with a hybrid working policy, allowing employees to divide their work week between Jacobs offices/projects and remote locations. However, onsite employees are expected to attend a Jacobs Workplace on a full-time basis when required by the nature of their role.

Application Process

Jacobs is committed to ensuring a supportive application experience. For further support or reasonable adjustments regarding the recruitment process, applicants may contact the team via Careers Support.