Cost Engineer

Job description

In a world of possibilities, pursue one with endless opportunities. Imagine Next! At the employer, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible. **Job Description:** the employer is looking for an amazingly talented **Cost Engineer (Saudi National)** to join our team! The Cost Engineer will support the planning, monitoring, control, and reporting of project costs across the Airport / Infrastructure / Airfield project. The role will ensure that project costs, commitments, variations, forecasts, and commercial changes are accurately monitored and reported against the approved budget and project baseline. The position will work closely with the Commercial, Contracts, Planning, Procurement, Engineering, Construction, Project Controls, Finance, Contractors, and Client teams to maintain effective cost control and provide accurate financial visibility to project management. ## Key Responsibilities * Monitor and control project costs against the approved budget. * Maintain accurate cost reports and cost control systems. * Monitor actual costs, commitments, accruals, forecasts, and budget movements. * Prepare regular cost reports for Project Management and senior management. * Maintain the Project Cost Breakdown Structure (CBS). * Monitor costs by package, discipline, workstream, and project area. * Track commitments and actual expenditure. * Monitor approved and pending Variations / Change Orders. * Assess cost impacts of design changes, Client instructions, and project changes. * Support preparation of cost estimates and forecasts. * Identify cost trends, risks, and potential overruns. * Provide early warnings on potential budget impacts. * Coordinate with Commercial and Contract teams regarding claims and variations. * Reconcile cost reports with Finance and Commercial records. * Support monthly project cost forecasting and reporting. ## Cost Control & Monitoring * Establish and maintain cost control procedures. * Monitor: * Approved Budget * Actual Cost * Committed Cost * Accrued Cost * Forecast Cost * Remaining Cost * Variations * Contingency * Potential Changes * Monitor budget transfers and cost movements. * Review cost performance against approved budgets. * Identify cost variances and investigate causes. * Prepare variance analysis and management commentary. * Ensure cost information is accurate, timely, and traceable. ## Variations & Change Management * Maintain the project Variation / Change Register from a cost perspective. * Review cost impacts of Client instructions and design changes. * Prepare or support preparation of cost estimates for variations. * Review Contractor variation submissions. * Validate quantities, rates, resources, and supporting documentation. * Coordinate with Contracts and Commercial teams on variation assessments. * Track: * Proposed Variations * Submitted Variations * Under Review * Approved Variations * Rejected Variations * Pending Client Approval * Monitor the financial impact of approved and pending changes. * Ensure approved changes are reflected in the project forecast. ## Forecasting * Prepare monthly cost forecasts. * Maintain Estimate at Completion (EAC). * Monitor Estimate to Complete (ETC). * Identify forecast movements and cost risks. * Assess potential cost exposure from outstanding changes and claims. * Coordinate with Planning and Commercial teams to align cost and schedule forecasts. * Provide management with forward-looking cost information. * Support development of recovery and mitigation strategies where cost risks are identified. ## Contractor & Subcontractor Cost Management * Review Contractor and Subcontractor payment applications. * Monitor commitments and contractual values. * Support assessment of progress payment app

Requirements

• Bachelor degree in Food processing
• Team Work
• Ability to build relationships
• Analytical Thinking

Skills