Principal Engineer - Cost Control

Job description / Role

Petrofac is currently looking to recruit a Principal Engineer - Cost Control to be based in Sharjah, UAE.

What we do

- Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.
- We design, build, manage and maintain infrastructure for the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility, they need.

Primary Duties:
- Establish a process of information flow with respect to each expense head, such as Design heads, Equipment/Material procurement, Logistics costs, Mobilization and demobilization of personnel/machineries, sub-contractor's cost/claims and any other relevant costs like customs, duties, liabilities, insurance etc.
- Provide assigned project cost estimates including material, manpower and equipment/material costs, subcontracts, Third party services, and financial cost etcetera.
- Coordinate with the project engineers to clarify any query/discrepancies.
- Arrive at 'Estimate to Complete' (ETC) cost for the remaining works. Co-ordinate with different disciplines to get ETC cost.
- Prepare reports on a periodic basis on the status of the costs incurred and the variations of the budgeted v/s actual in consultation with supervisor/Project Manager.
- Monitor costs and generate variance reports as and when required and forward to the Supervisor/Project Manager for his perusal.
- Carry out assessment of potential variations/claims from sub-contractors/vendors.
- Participate in project review meetings, if required and provide any cost related data as and when required.
- Interface and provide clarification to the project engineers and Accounts.
- Propose new suggestion if any and keep improving/updating the process of effective cost control.
- Develop historical Cost database of a project for future reference.
- Provide training and guidance to new/junior Cost Control personnel.

- Engineering Degree with minimum of 15 years working experience out of which minimum five years in the
- Cost Control function of EPC medium projects, preferably last 2 years in Cost Control function in Oil & Gas field.

About the Company

Petrofac is an international provider of facilities solutions to the oil & gas production and processing industries.

Petrofac delivers services through seven business units: Engineering & Construction, Engineering & Construction Ventures, Engineering Services, Offshore Engineering & Operations, Training, Production Solutions and Energy Developments.

Through these businesses, Petrofac designs and builds oil & gas facilities; operates, maintains and manages facilities and trains personnel; enhances production; and, where it can leverage its service capability, develops and co-invests in upstream and infrastructure projects.

Petrofac’s range of services meets its customers’ needs across the full life cycle of oil & gas assets.