Cost Engineer
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Key skills for this role
About the Role
Support cost control activities for major multi-year engineering projects by managing budgets, commitments, invoicing, and financial reporting. Requires a degree in Finance, Economics, Business Administration, or Engineering and 6+ years of cost control experience in Oil & Gas or large EPC projects.
Key Skills for This Role
Responsibilities
- Prepare and manage annual budgets in coordination with internal stakeholders
- Monitor budget utilization and control availability against commitments
- Track expenditures, identify trends, and explain variances between forecast and budget
- Maintain cost registers for commitments, expenditures, and forecasts across all contracts and purchase orders
- Perform detailed cost analysis and reporting
- Input and manage cost data in ERP systems (e.g., SAP) including commitments, payment schedules, invoices, and timesheets
- Prepare monthly cost reports, including accruals aligned with project progress
- Implement and manage invoicing processes across project locations
- Review and monitor invoices to ensure timely processing and payment
- Review and validate Purchase Requisitions (PRs) and Purchase Orders (POs)
- Collaborate with finance, procurement, and project teams on cost related matters
Requirements
- Degree in Finance, Economics, Business Administration, Engineering, or related field
- Minimum 6 years of experience in cost control, preferably in Oil & Gas or large EPC projects
- Strong knowledge of SAP or similar ERP systems
- Strong knowledge of Excel, Power BI, and reporting tools
- Experience in budgeting, forecasting, and financial analysis
- Good analytical and problem solving skills
- Strong communication and stakeholder management abilities
- Fluent in English
Full Job Posting
Job Purpose
- Support cost control activities across major multi year engineering projects by managing budgets, commitments, invoicing, and financial reporting.
- Ensure accurate cost tracking and alignment with project objectives and financial standards.
Key Responsibilities
- Prepare and manage annual budgets in coordination with internal stakeholders.
- Monitor budget utilization and control availability against commitments.
- Track expenditures, identify trends, and explain variances between forecast and budget.
- Maintain cost registers for commitments, expenditures, and forecasts across all contracts and purchase orders.
- Perform detailed cost analysis and reporting.
- Input and manage cost data in ERP systems (e.g., SAP) including commitments, payment schedules, invoices, and timesheets.
- Coordinate with finance teams to ensure proper allocation of shared and general costs.
- Prepare monthly cost reports, including accruals aligned with project progress.
- Implement and manage invoicing processes across project locations.
- Review and monitor invoices to ensure timely processing and payment.
- Liaise with accounting teams to resolve invoice issues and ensure accuracy.
- Review and validate Purchase Requisitions (PRs) and Purchase Orders (POs).
Qualifications & Experience
- Degree in Finance, Economics, Business Administration, Engineering, or related field
- Minimum 6 years of experience in cost control, preferably in Oil & Gas or large EPC projects
- Strong knowledge of SAP or similar ERP systems
- Strong knowledge of Excel, Power BI, and reporting tools
- Experience in budgeting, forecasting, and financial analysis
- Good analytical and problem solving skills
- Strong communication and stakeholder management abilities
- Fluent in English
Core Competencies
- Stakeholder collaboration and communication
- Analytical thinking and attention to detail
- Adaptability in complex project environments
- Accountability and continuous improvement mindset
- Ability to work in multicultural and cross functional teams
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