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Job Description

KEY RESPONSIBILITIES: 

  • Operate as a part of a team of Cost Engineers in the preparation of:
  • Project budgets
  • Periodic Forecast
  • Monthly cost and variance reports
  • Monthly Sales and Cost Accruals to Finance for month end closing
  • Cost optimization initiatives
  • Act as POC for budget for PMs/PDs
  • Provide input to Estimators on actual cost for future estimate
  • Understand and analyze all project cost estimates including material, personnel and equipment costs and coordinatewith the proposals and the project engineers to clarify on any discrepancies.
  • Create a process of information flow with respect to each expense head, such as Equipment procurement,Logistics costs, Mobilization and demobilization of personnel, Material procurement and any other relevant costs.
  • Monitor costs and generate variance reports as and when required and forward to the Project Managers/Project Director for his perusal. Carry out assessment of potential variations/claims from sub-contractors as well as othervendors. 
  • Submit reports on a periodic basis to the project management on the status of the costs incurred and thevariations of the budgeted v/s actual.
  • Assist in preparation of monthly internal and client cost reports. 
  • Participate in project review meetings and provide any cost related data as and when required by themembers.
  • Interface and provide clarification and guidance to the project engineers and Accounts and provide assistance wherever required.
  • Provide monthly Sales and Cost Accrual to Finance team for monthly closing .
  • Perform related duties as and when directed by Direct Supervisor. 
  • Assist in preparation of Monthly invoices to client.
  • Ensure that all reports are generated in compliance with HSE standards.
  • Leads the activities in ensuring that costs of projects do not exceed the budgeted value by bringing to
  • attention as and when it occurs and take corrective action in conjunction with the project management team.
  • Decision Making Authority
  • Decisions limited to generating relevant reports for effective cost management of projects. Consults with
  • supervisor on key issues.

ESSENTIAL QUALIFICATIONS AND SKILLS: 

  • 8 years as Cost Engineers with Oil and Gas Contracting Company
  • Experience in
  • lumpsum Operations, Maintenance projects
  • Engineering Projects
  • PMC Projects  
  • Strong commercial/financial acumen
  • Strong communication skills
  • Team player and ability and confidence to work with senior level in the organisation Bachelor of Engineering/ Finance/Commercial 
Area
Sharjah, United Arab Emirates