Senior Cost Control Engineer

Key Responsibilities:

• Cost Management & Forecasting:

• Monitor cost performance and assist in budget forecasting and cost estimation.

• Develop and maintain the Cost Breakdown Structure (CBS) and establish Project Cost Centers.

• Convert the Tender Estimate into the Project’s Initial Budget and track cost changes.

• Ensure costs are properly allocated to relevant Cost Centers to maintain financial accuracy.

Reporting & Compliance:

• Review and consolidate internal cost reports for project tracking.

• Analyze and provide comments on external financial reports.

• Ensure compliance with company policies, project controls procedures, and cost control standards.

• Prepare detailed cost reports and provide financial insights for management.

• Work closely with project teams to ensure accurate cost allocation, accounting, and financial controls.

Risk & Process Improvement:

• Identify and assess cost-related risks, develop mitigation strategies, and communicate potential cost impacts.

• Monitor actual project costs, determine and analyze cost variances, and develop cost trend projections.

• Provide insights on Cost Performance Indicators (CPI), such as Budgeted Cost for Work Scheduled (BCWS), Budgeted Cost for Work Performed (BCWP), and Actual Cost for Work Performed (ACWP).

• Participate in project close-out reporting and contribute to lessons learned documentation.

• Develop training materials for project control systems and lead knowledge-sharing sessions.

Requirements:

• Education: Bachelor’s degree in Engineering (Mechanical, Civil, Electrical, or related fields).

• Experience: Minimum 10 years of experience in cost control, preferably in EPC projects or large-scale construction.

• Technical Knowledge: Strong understanding of cost control, budgeting, pricing, estimation, and financial forecasting.

• Software Proficiency: Advanced skills in Microsoft Excel (Pivot Tables, Macros), Primavera P6, and cost management software (SAP, Oracle ERP, or similar tools).

• Certifications (Preferred): CCP (Certified Cost Professional), PMP, or AACE certifications are a plus.

• Industry Exposure: Experience in EPC contracting or international projects is highly advantageous.

• Communication: Strong verbal and written skills in Arabic and English (Preferred).