Senior Cost Engineer

Saudi Arabia

Ref: LP127-1663

Job description / Role

Employment: Full Time

About the company:
Our client has grown to become the world's No. 1-ranked engineering design firm - delivering integrated, sustainable solutions that help clients and communities in every region of the world create and unlock new opportunities. They operate in 7 continents, have over 87,000 employees, are in 150+ countries and turnover in excess of $17.4Billion per annum. We are looking for a Senior Cost Engineer to work in Saudi Arabia.

Responsibilities:
- Develop the project cost control strategy, plans, and procedures, reflecting both BP and contractor roles and responsibilities.
- Adhere to the segment financial, business and project processes.
- Address issues pertaining to project cost control procedures.
- Coordinate development and implementation of project work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Project Lead and Project Planning/Scheduling Engineer.
- Participate in the development of project execution plans.
- Participate in the development of estimates and studies within a project stage and for sanction.
- Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS.
- Implement and monitor costs within each project stage and for entire project until completion or close-out.
- Collect and compile progress and cost data, and develop cost-control worksheets and reports forreview by delivery teams.
- Provide cost input to commitment close-out process.
- Review and audit contractor cost control procedures and practices.
- Perform quality assurance on contractor cost-management performance.
- Coordinate or develop appropriate internal and external benchmarking and technical limits.
- Coordinate preparation of cost risk analysis.
- Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data.
- Provide cost input to and implement the cost element of change management procedure.
- Provide cost input to and implement the cost element of risk management plan.
- Link risk process to change process and estimate.
- Coordinate and develop project work-in-place (WIP), commitment and estimate at complete (EAC) forecasts.
- Coordinate and develop project annual-spend projections, cost reconciliations, and variance analyses.
- Assist and prepare cost performance management data.
- Provide interface to other functions and teams to improve processes, resolve conflicting priorities and ensure adherence to best project practices.
- Prepare and implement project-wide cost measurement and reporting system, including roll-up levels and reporting cycle calendar.
- Develop and issue various reports to appropriate stakeholders.
- Develop a project close-out plan.

Requirements

- Has A degree
- At least 18 Years of Exp
- Extensive project control or project management experience.
- Moderate or better experience level with cost management tools.
- Ability to organize and prioritize work and meet deadlines.
- Ability to recognize and solve problems.
- Analytical ability.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: