Cost Control Engineer

We are seeking a detail-oriented and analytical Cost Control Engineer to oversee project cost management, budgeting, and financial reporting. The ideal candidate will be responsible for monitoring project costs, identifying variances, and ensuring cost efficiency while maintaining project quality and timelines.

Responsibilities:

• Develop, monitor, and control project budgets, ensuring alignment with financial objectives.
• Analyze cost data and prepare detailed reports on project expenditures.
• Track project progress and compare actual costs to budgeted costs, identifying variances.
• Work closely with project managers, procurement teams, and finance departments to optimize cost efficiency.
• Implement cost control procedures and suggest improvements to enhance financial performance.
• Review contracts, invoices, and purchase orders to ensure compliance with budgetary constraints.
• Conduct risk assessments and provide cost forecasts to assist in decision-making.
• Assist in preparing cost estimates for new projects or variations.
• Ensure adherence to company policies, industry standards, and best practices in cost management.

Requirements:

• Bachelor's degree in Engineering, Finance, or a related field.
• Proven experience in cost control, budgeting, or financial analysis in a construction, oil & gas, or engineering environment.
• Strong knowledge of cost control techniques, financial reporting, and project management principles.
• Proficiency in cost management software and tools (e.g., SAP, Primavera, MS Excel).
• Excellent analytical, problem-solving, and communication skills.
• Ability to work under pressure and manage multiple tasks efficiently.
• Strong attention to detail and organizational skills.