Cost Engineer
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Key skills for this role
About the Role
AECOM is seeking an experienced Cost Engineer to join the project controls team in Makkah, Saudi Arabia. The role involves cost tracking, variance analysis, forecasting, and Earned Value Management on large-scale EPC/EPCM projects.
Key Skills for This Role
Responsibilities
- Take ownership of cost tracking, commitments, actuals, and incurred costs against approved budgets
- Monitor and analyse cost performance throughout engineering, procurement, construction, and commissioning stages
- Validate invoices, progress claims, and contractor payment applications against work performed
- Prepare comprehensive weekly and monthly cost reports including detailed cost summaries, variance analysis, and forecast updates
- Proactively highlight cost trends, deviations from budget, and potential risks to project stakeholders
- Lead the preparation of cash flow forecasts and cost to complete analyses
- Evaluate and analyse change notices, change orders, and emerging trends, assessing cost impacts
- Assess cost implications of scope changes, schedule delays, and productivity variances
- Maintain accurate change management logs and ensure alignment with project controls procedures
- Lead Earned Value Management (EVM) calculations and drive integration between cost and schedule metrics
- Conduct in depth analysis of cost and schedule variances, preparing performance indices (CPI, SPI) and trend forecasts
- Collaborate strategically with planning teams to ensure accurate progress measurement and cost tracking
Requirements
- Bachelor's degree in Engineering, Finance, Accounting, Construction Management, or related field
- Minimum 7 years of professional experience in cost control, cost engineering, or project controls
- Extensive experience working on large scale EPC/EPCM projects in mining, oil & gas, energy, infrastructure, or industrial sectors
- Advanced proficiency in Microsoft Excel, including pivot tables, complex formulas, and sophisticated dashboard development
- Demonstrated expertise with cost control systems such as Prism, EcoSys, SAP, Oracle, or similar enterprise platforms
- Strong analytical and quantitative skills with exceptional attention to detail and data integrity
- Comprehensive understanding of project progress measurement, forecasting methodologies, and change management processes
- Advanced proficiency in Earned Value Management (EVM) principles, calculations, and strategic applications
- Excellent communication and documentation skills
- Proven ability to work independently and collaboratively
- Strong organizational skills and capability to manage multiple priorities
- Strategic problem solving mindset
Full Job Posting
Overview
- At AECOM, we're delivering a better world.
- We are the world's trusted infrastructure consulting firm.
- We are seeking an experienced and analytically rigorous Cost Engineer to join our dynamic project controls team in Makkah, Saudi Arabia.
Job Description
- Take ownership of cost tracking, commitments, actuals, and incurred costs against approved budgets
- Monitor and analyse cost performance throughout engineering, procurement, construction, and commissioning stages
- Validate invoices, progress claims, and contractor payment applications against work performed
- Prepare comprehensive weekly and monthly cost reports including detailed cost summaries, variance analysis, and forecast updates
- Proactively highlight cost trends, deviations from budget, and potential risks to project stakeholders
- Lead the preparation of cash flow forecasts and cost to complete analyses
- Evaluate and analyse change notices, change orders, and emerging trends, assessing their cost impacts
- Assess cost implications of scope changes, schedule delays, and productivity variances
- Maintain accurate change management logs and ensure strict alignment with established project controls procedures
- Lead Earned Value Management (EVM) calculations and drive integration between cost and schedule metrics
- Conduct in depth analysis of cost and schedule variances, preparing performance indices (CPI, SPI) and trend forecasts
- Collaborate strategically with planning teams to ensure accurate progress measurement, cost tracking, and integrated project controls
Required Qualifications
- Bachelor's degree in Engineering, Finance, Accounting, Construction Management, or related field
- Minimum 7 years of professional experience in cost control, cost engineering, or project controls
- Extensive experience working on large scale EPC/EPCM projects in mining, oil & gas, energy, infrastructure, or industrial sectors
- Advanced proficiency in Microsoft Excel, including pivot tables, complex formulas, and sophisticated dashboard development
- Demonstrated expertise with cost control systems such as Prism, EcoSys, SAP, Oracle, or similar enterprise platforms
- Strong analytical and quantitative skills with exceptional attention to detail and data integrity
- Comprehensive understanding of project progress measurement, forecasting methodologies, and change management processes
- Advanced proficiency in Earned Value Management (EVM) principles, calculations, and strategic applications
- Excellent communication and documentation skills
- Proven ability to work independently and collaboratively
- Strong organizational skills and demonstrated capability to manage multiple priorities
- Strategic problem solving mindset
Preferred Qualifications
- Master's degree in a related field
- Experience mentoring junior cost engineers or leading cost control teams
- Proven expertise in invoice validation, payment application review, and cost claim management
- Advanced knowledge of forecasting methodologies and cost to complete analysis techniques
- Extensive experience with multi discipline industrial projects and complex, matrix managed EPC/EPCM environments
- Track record of supporting internal and external project audits and regulatory compliance reviews
- Professional certification in project management or cost engineering (PMP, AACE, or equivalent)
- Experience implementing or optimizing cost control systems and process improvements
About AECOM
- AECOM is the global infrastructure leader, committed to delivering a better world.
- AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2025.
Benefits
- Medical, dental, vision, life, AD&D, disability benefits
- Paid time off, leaves of absences, voluntary benefits, perks, flexible work options
- Well being resources, employee assistance program, business travel insurance
- Service recognition awards, retirement savings plan, employee stock purchase plan
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