Cost Engineer📣 Job Ad

About the Role: Cost Engineer

We are seeking a Cost Engineer to join our team in Riyadh. This full-time position involves managing and monitoring project budgets and expenditures to ensure financial control and project success. The role requires a professional with 2-5 years of experience in cost engineering.

Core Responsibilities

The Cost Engineer will be responsible for a range of critical financial and project management tasks. This includes preparing detailed cost estimates for engineering projects and forecasting associated cash flow. A key aspect of the role involves actively collecting feedback to refine and update these cost estimates, ensuring their accuracy and relevance throughout the project lifecycle. Furthermore, the position requires the preparation of comprehensive project performance reports.

Project Monitoring and Analysis

A significant part of this role focuses on diligent project oversight. The Cost Engineer will compare planned project progress against actual progress, identifying any discrepancies. This analysis will extend to understanding and clarifying potential risks associated with budget deviations or schedule impacts. The role also involves developing and refining work methods and procedures to maintain efficiency and keep pace with evolving technical developments in the field.

Budget Management and Reporting

The Cost Engineer will meticulously monitor project budgets and expenditures, with a primary focus on identifying and reporting any instances of budget overruns. This proactive approach is essential for maintaining financial discipline. The role also entails preparing specialized documents and reports pertaining to engineering works and projects. These reports will detail project progress rates, and the Cost Engineer will be expected to present and clarify their findings. All relevant documentation will be saved in the appropriate database according to established policies and procedures.

Qualifications and Experience

• Proven experience as a Cost Engineer.
• A minimum of 2 years and a maximum of 5 years of relevant experience.
• Proficiency in preparing cost estimates and cash flow forecasts.
• Experience in project performance reporting and analysis.
• Familiarity with developing work methods and procedures.

Work Location and Type

This is a full-time position based in Riyadh. The role offers an opportunity to contribute to significant industrial development and contracting projects.