Cost Engineer

3 weeks ago

Mumbai, Maharashtra, India Eram Talent Full time

Eram Talent is on the lookout for a skilled and detail-oriented Cost Engineer specializing in Oil Gas Projects to join our team This role is vital in ensuring that all financial aspects of projects are managed effectively from budgeting through to forecasting and cost control As a Cost Engineer you will work closely with project managers engineers and other stakeholders to deliver accurate cost estimates and maintain financial oversight throughout the project lifecycle If selected the work location would be in Saudi Arabia Responsibilities Develop detailed project cost estimates and budgets based on project specifications Has experience in the oil gas hydrocarbon refinery offshore or infrastructure industries and has accounting experience on large to mega projects Assists the supervising Project Control Engineer to coordinate with Project Managers Project Engineers and Project Control Engineers to ensure correct implementation of project accounting and cost control procedures and requirements Reviews and closely monitors project business practices to ensure project cost objectives are met Must have thorough knowledge of project business practices calculation methods software standards and procedures Accountable and responsible for all project invoices and cost reports Analyze project costs and track expenditures to ensure compliance with budgets Prepare periodic cost reports and perform cost variance analyses Collaborate with project teams to identify cost-saving opportunities and implement cost control measures Review and validate contractor and subcontractor invoices Assist in the preparation of project bid proposals and contract negotiations Provide financial data for project forecasting and performance evaluations Requirements Bachelor s degree in Engineering Finance or a related field Minimum of 10 years of experience in cost engineering for Oil Gas projects Strong understanding of cost estimation budgeting and financial forecasting Proficiency in cost management software and Microsoft Excel Excellent analytical problem-solving and communication skills Ability to work collaboratively within a team and across departments Experience with procurement processes and contract management

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