Cost Engineer📣 Job Ad

🚀 We're Hiring: Senior Cost Control Engineer | EPC Water Projects

Are you an experienced Cost Control professional with a strong background in EPC water or infrastructure projects? Join our team and play a critical role in driving financial performance, cost efficiency, and project success.

📍 Position: Senior Cost Control Engineer
📌 Industry: EPC / Water Treatment / Infrastructure
🏢 Experience Required: 8–12 Years

🔍 Key Responsibilities

• Analyze tender budgets and develop initial project budgets aligned with cost breakdown structures (CBS).
• Map Cost Breakdown Structures (CBS) with Work Breakdown Structures (WBS) for accurate cost allocation.
• Monitor and track direct and indirect project costs against approved budgets.
• Prepare cost control reports, forecasts, and variance analyses (EAC / ETC).
• Identify potential budget overruns and recommend mitigation strategies.
• Conduct budget vs. actual analysis and support corrective actions to minimize financial risks.
• Review and validate purchase requests and commitments to control project spending.
• Support change management, cost claims, and scope variation budgets.
• Develop and track KPIs for cost, revenue, invoicing, and project cash flow.
• Collaborate with finance, supply chain, and project teams to optimize costs and ensure financial alignment.

🎯 Requirements

• Bachelor’s degree in Engineering.
• 8–12 years of experience in cost control, with at least 5 years in EPC water or infrastructure projects.
• Strong knowledge of project cost control concepts (COGS, accruals, commitments, revenue recognition).
• Experience with SAP or similar ERP systems.
• Familiarity with project planning and scheduling tools.
• Strong analytical, problem-solving, and communication skills.
• Certifications such as CCP (Certified Cost Professional) or PMP are an advantage.

Join Our Team as a Cost Control Engineer!
A leading company is seeking to hire a qualified Cost Control Engineer to handle critical aspects of project financial health. This role will involve monitoring costs, budgeting, forecasting, and financial reporting. As part of our team, you will play a key role in ensuring project success through effective financial management.

Key Responsibilities:

• Monitor and control project costs to meet budgeting targets.
• Prepare comprehensive financial reports and forecasts.
• Utilize cost control software such as Primavera, SAP, or similar.
• Analyze financial data to guide project decision-making.

Qualifications:

• Bachelor’s Degree in Civil Engineering.
• More than 7 years of experience in cost monitoring and financial reporting.
• Proficient in MS Office and strong analytical skills.
• Professional proficiency in English; Arabic is a plus.

If you meet the qualifications and want to be part of a dynamic team, apply now!

Join Segula Technologies as a Cost Engineer!
Do you want to be at the forefront of innovation in the automotive industry? At Segula Technologies, we have an exciting opportunity for you to work as a Cost Engineer focusing on Automotive Commodities. Located in Riyadh, Saudi Arabia, this 12-month contract position offers the chance to collaborate cross-functionally and drive competitive product costs throughout the vehicle lifecycle.

Key Responsibilities:

• Cost Estimation & Breakdown: Develop detailed should-cost models, including raw material costing, process costing, tooling costs, and overhead modeling.
• Supplier Quote Analysis: Analyze RFQ submissions, compare material price variance, and conduct gap analysis.
• Negotiation & Procurement Support: Provide cost breakdown logic during supplier negotiations and identify cost drivers.
• Cost Reduction & VA/VE: Propose material substitutions and participate in VA/VE workshops.
• Cross-Functional Coordination: Represent Cost Engineering in various meetings and collaborate with design and manufacturing teams.
• PLM & Documentation: Use Teamcenter for BOM extraction and prepare structured cost reports.

Qualifications:
To be successful in this role, you should possess:

• Strong knowledge of injection molding, stamping, and assembly processes.
• 5+ years of automotive cost engineering experience.
• BE/*** in Mechanical or Automotive Engineering.

Why Join Us?
Experience an amazing career with continuous learning opportunities, a supportive community, and respect for work-life balance. Be part of life at SEGULA and shape the world of tomorrow!