Senior Cost Control Engineer
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Key skills for this role
About the Role
Saipem is seeking a Senior Cost Control Engineer for a fixed-term contract in Abu Dhabi. The role involves developing cost control systems, monitoring project financial performance, and providing forecasts.
Key Skills for This Role
Responsibilities
- Develop and implement the Cost Breakdown Structure (CBS) and cost control systems aligned with project and contractual requirements
- Monitor project costs, revenues, and progress, ensuring accurate reporting and forecasting (Estimates at Completion)
- Identify deviations from the Revised Control Budget and promptly communicate risks, trends, and corrective actions to project management
- Prepare and maintain key project reports, including Cost Control Reports, Project Status Reports, and Cash Flow forecasts
- Support procurement, invoicing, and contract change/claim processes by analyzing cost impacts and ensuring alignment with project controls
- Track earned value, accruals, and cost performance throughout the project lifecycle
- Contribute to risk management by supporting cost related analysis of risks and opportunities
- Assist in project close out activities, including cost reporting and financial reconciliation
Requirements
- Strong knowledge of cost control techniques, project financial management, and reporting
- Understanding of accounting principles (IAS/IFRS) and project cost structures (WBS/CBS)
- Experience with project control systems, budgeting, forecasting, and earned value analysis
- Ability to analyze cost deviations, manage forecasts, and support decision making
- Knowledge of contract management, change management, and project risk evaluation
- Fluency in business English, both oral and written
- Cost control knowledge of EPCI Project, preferably offshore
- Excellent command of Microsoft Office Suite Package
Full Job Posting
Purpose of the position
- Ensure effective project cost control by establishing cost structures, monitoring financial performance, and providing accurate forecasts and analysis to support project delivery within the approved budget.
Key Responsibilities
- Develop and implement the Cost Breakdown Structure (CBS) and cost control systems aligned with project and contractual requirements.
- Monitor project costs, revenues, and progress, ensuring accurate reporting and forecasting (Estimates at Completion).
- Identify deviations from the Revised Control Budget and promptly communicate risks, trends, and corrective actions to project management.
- Prepare and maintain key project reports, including Cost Control Reports, Project Status Reports, and Cash Flow forecasts.
- Support procurement, invoicing, and contract change/claim processes by analyzing cost impacts and ensuring alignment with project controls.
- Track earned value, accruals, and cost performance throughout the project lifecycle.
- Contribute to risk management by supporting cost related analysis of risks and opportunities.
- Assist in project close out activities, including cost reporting and financial reconciliation.
Key Skills & Competencies
- Strong knowledge of cost control techniques, project financial management, and reporting.
- Understanding of accounting principles (IAS/IFRS) and project cost structures (WBS/CBS).
- Experience with project control systems, budgeting, forecasting, and earned value analysis.
- Ability to analyze cost deviations, manage forecasts, and support decision making.
- Knowledge of contract management, change management, and project risk evaluation.
Languages
- Fluency in business English, both oral and written, is a mandatory requirement; knowledge of any other language will be an asset.
Technical Skills
- Cost control knowledge of EPCI Project, preferably offshore.
IT Skills
- Excellent command of Microsoft Office Suite Package is essential.
What Can We Offer You
- Fixed term contract
- Corporate Benefits: We offer a comprehensive benefits package.
- Working model: 48 hours weekly, Monday Friday.
- Our One Saipem Way soft skills model leverages on skills development, career growth, opportunities to innovate through complex challenges by promoting communication and collaboration to achieve common goals.
- Location: UAE, Abu Dhabi
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