Cost engineer Jobs in Riyadh

Join Our Team as a Cost Engineer!

Fuel Professional Consulting, a dynamic engineering consulting firm, is seeking a dedicated Cost Engineer to manage and monitor project costs in our Riyadh Region office. We specialize in design, planning, supervision, and execution of engineering projects, ensuring high-quality outcomes through innovation and excellence.

Role Overview:
The Cost Engineer will be responsible for keeping project costs within budget. Key responsibilities include:

• Developing cost estimates and implementing cost control measures.
• Analyzing project expenditures and providing regular cost reports.
• Collaborating with project teams and stakeholders to maintain financial performance and optimize budgets.

Qualifications:
The ideal candidate should possess:

• Proficiency in Cost Control and Management techniques.
• Strong analytical skills for evaluating costs and financial data.
• Experience in budgeting and effective financial planning.
• Expertise in Cost Engineering, including estimation and tracking.
• Strong problem-solving and decision-making abilities.
• Proficiency in relevant financial software.
• A Bachelor’s degree in Engineering, Finance, or a related field; relevant certifications are a plus.

If you are passionate about engineering and want to contribute to innovative projects, we would love to hear from you!

Join Our Team as a Cost Engineer!
We are seeking a seasoned and detail-oriented Cost Engineer with 5 to 10 years of experience to join our project controls team at Trading and Development Partnership. In this role, you will be a vital part of managing the financial health of our complex electrical projects.

Key Responsibilities:

• Cost Estimation & Tendering: Perform detailed quantity take-offs, analyze drawings/specifications, and prepare comprehensive cost estimates for electrical tenders.
• Budgeting & Setup: Create and manage comprehensive Work Breakdown Structures (WBS) and establish project cost baselines.
• Cost Control & Monitoring: Monitor actual project expenditures against approved budgets, identifying variances to prevent overruns.
• Change Management: Assess and manage change orders, analyzing their financial impact on the project.
• Forecasting & Reporting: Prepare accurate weekly/monthly financial reports and cash flow projections.
• Subcontractor & Procurement Support: Review subcontractor quotes and validate invoices.
• Stakeholder Collaboration: Work closely with project managers and site teams to optimize costs.

Required Skills & Qualifications:

• Education: Bachelor's degree in Engineering.
• Experience: 5-10 years of experience in cost estimation and management.
• Software Proficiency: Advanced in Microsoft Excel, familiarity with ERP systems.
• Analytical Skills: Excellent numerical skills and attention to detail.
• Communication: Strong interpersonal skills for collaboration.