Cost Engineer📣 Job Ad

Join Parsons as a Senior Cost Engineer!
In a world of possibilities, pursue one with endless opportunities. Imagine Next! At Parsons, you will work with intelligent and diverse people who share a common quest. We offer a workplace where you can thrive and find your next opportunity right now.

Job Responsibilities:

• Lead the preparation and development of cost estimates for projects during the planning and design phases.
• Work closely with project managers and engineers to establish project budgets based on scope and technical requirements.
• Provide recommendations on cost-effective solutions and identify cost-saving opportunities during the project lifecycle.
• Monitor and track project costs throughout the project lifecycle, ensuring expenditures remain within the approved budget.
• Develop and implement cost control systems and procedures, ensuring accuracy and timely reporting of project costs.
• Analyze cost variances, investigate discrepancies, and work with project teams to implement corrective actions when necessary.
• Prepare regular cost reports, including forecasts and financial statements, for senior management and stakeholders.
• Conduct detailed cost analysis, including labor, materials, equipment, and overhead.
• Support the preparation of Earned Value Management (EVM) reports and other financial assessments.
• Evaluate and report on potential cost overruns and risks, recommending strategies for cost mitigation.
• Review and analyze contracts, subcontracts, and purchase orders for accurate and appropriate cost structures.
• Assist in the negotiation and management of vendor contracts.
• Provide input into project risk management processes.
• Present cost reports and financial analysis to senior management and stakeholders.
• Mentor and train less experienced staff in cost management best practices.

Qualifications:

• Bachelor’s degree in Engineering, Quantity Surveying, Construction Management, or a related field.
• Minimum of 7 years of experience in cost engineering or management in large-scale projects, with at least 3 years in a senior role.
• Proficiency with cost management and project control software (*, Primavera P6, MS Project, SAP).
• Excellent analytical skills and advanced proficiency in Microsoft Excel.
• Strong communication and presentation skills.
• Certification in Cost Engineering or Project Management (*, AACE, PMP).

Job Summary:
We are seeking an experienced, thorough, and insightful cost controller to oversee cost management for our entire company. In this role, you will work collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability. To succeed in this position, you will demonstrate an aptitude for efficiency, problem-solving, and resourcefulness, with a deep commitment to the bottom line without compromising quality.

Duties and Responsibilities:

• Monitoring and updating cost estimates for projects to ensure that costs are within expected ranges.
• 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.
• Coordinating with other departments such as human resources, payroll, accounting, and finance to ensure that all costs are accurately tracked.
• 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 and will recommend corrective actions.
• Able to use statistical tools to analyze cost metrics and perform risk analysis.
• Attending project meetings and discussions with the external clients if needed.
• Analyze cost reports and extract required data for management reporting.
• Prepare and report cost engineering information on a monthly basis and when required for management.
• Identifying the critical areas and informing the management regarding delays in the project.
• Coordinate and work with the project management team to resolve project issues to ensure the delivery/completion of the project work.
• Provides 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.
• Reviews and analyzes all claims and Change Orders on project contracts.
• Participates in the negotiation of project contracts as required.

Requirements:

• 168 years of experience in costing and budgeting especially from oil and gas sector.
• 2ERP - Microsoft Dynamics AX 365.
• Excellent Project management skills.
• Managerial Ability.
• Good in planning.
• Good in risk forecasting.
• Outstanding communication skills, both written and verbal.
• To be advanced in preparation.
• Very professional dealing with client and employees.
• Analytical.
• Able to meet deadlines.
• Work oriented.
• Strong management and prioritization skills.
• Creative thinking skills and ability to solve problems.
• To be familiar with equipment’s operation which are used in plant.
• Pleasing personality.
• Work committed.
• Punctual.
• Good listener.
• Solution finder.

Join Egis as a Cost Engineer in Riyadh, Saudi Arabia!
We are an international leader in architecture, consulting, and construction engineering, dedicated to sustainable development and innovative solutions. With a strong presence in the Middle East and a commitment to quality, we are looking for a skilled Cost Engineer to contribute to our projects.

Job Responsibilities:

• Cost Review and Analysis: Collaborate with external consultants to review financial documents related to projects, ensuring accuracy and compliance.
• Budget Management: Work with project managers to establish and monitor project budgets, providing updates on financial status.
• Cost Control: Implement cost control measures and address any overruns, proposing corrective actions as needed.
• Change Management: Assess impacts of project scope changes on costs and work with design teams on cost estimates.
• Value Engineering: Optimize costs while maintaining quality through value engineering initiatives.
• Tendering for Construction: Integrate cost requirements into tender documents and evaluate contractor proposals.
• Ad Hoc Project Cost Management: Manage costs for unique client-directed projects, developing accurate budgets.
• Reporting and Documentation: Generate detailed cost reports for stakeholders highlighting key metrics.
• Cost Risk Assessment: Conduct risk assessments on project costs and develop mitigation strategies.

Qualifications:
A Bachelor's degree in Quantity Surveying, Civil Engineering, Finance, or related fields is required, along with a preferred professional certification in cost management (*, Certified Cost Professional).

Experience:
Must have 10+ years of experience in cost management within the design or construction industry, primarily on large landscape projects, and familiarity with cost estimating tools.