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IMI1117 - Senior Cost Engineer

International Maritime Industries

Posted on June 5, 2020

10 - 11 years Eastern Province - Saudi Arabia, Dubai - United Arab Emirates

Bachelor of Technology/Engineering(Mechanical). Any Nationality

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Job Description

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Your future role:
• Develop cost control procedures, project cost control strategy, plans and procedures and shall be able to collate all the essential information to plan the cost estimates for various corporate processes.
• Coordinate development and implementation of project work breakdown structure (WBS) / cost breakdown structure (CBS) in concert with Projects
• Control Specialist and Project Planning/Scheduling Engineer.
• Collect and compile progress and cost data and develop cost-control worksheets and reports.
• Review financial data related to accruals, invoice payments, purchase orders and material deliveries and other financial data.
• Shall be able to ensure that the operating costs for various tasks being handled in the organization remain within the set budget.
• Shall be able to understand client s budget and plan the project cost control accordingly.
• Monitor, manage and control expenditure involved in carrying out various tasks during project execution.
• Prepare reports on the expenditures made and present the same to the management.
• Process invoices and ensure cost compliance.
• Monitor ongoing project s expenditures and forecast budgets and set baselines.
• Prepare all related reports with recommended actions for management review.
Your responsibilities:
Main responsibilities as follows:
• Coordinate and develop appropriate control budgets consistent with project estimate and WBS / CBS.
• Monitor ongoing projects expenditure and forecasted budget verses the set baseline.
• Prepare and manage regular Project Performance Reports and Dashboards.
• Address issues pertaining to project cost control procedures.
• Implement and monitor costs within each project stage and for entire project until completion or close-out
• Responsible for gathering required information from across the group to ensure optimisation of resources and control of all associated project work.
• Analyse potential Project changes and provide associated risks, issues, cost and resources.
• Liaising with the Project Management Team on all relevant cost and planning issue.
• Prepare weekly / monthly Subcontracts accruals for Labour, Materials, Equipment etc.
• Monitor potential of Change Management (internal / customer / supplier) and coordinate with the project stake holders on the same
• Prepare weekly and monthly project budget, actual and forecast reports.
• Holding a Bachelor in Mechanical (Electrical / Controls) Engineering.
• Excellent knowledge of Primavera P6
• Minimum of 10 years experience as Cost Control Engineer, preferably in a similar industry or equivalent.
• Fluent in English, and an excellent communicator and know how to interact in a multicultural environment.

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IMI1117 - Senior Cost Engineer


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International Maritime Industries

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