Profile Middle East is a service provider with more than 20 years of experience in the market which specializes in Technical Field and HR Consultancy Services in the Industrial Sector (Oil & Gas, Engineering, Construction, Commissioning) with our focus on the Middle East region and a worldwide presence.
We are currently selecting for SR. COST CONTROL ENGINEER
Ref code: CR_2310-139_ Senior Cost Control Engineer
- Organizing, monitoring and controlling project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures;
- Ensuring that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.
- Collaborating with project managers and stakeholders to develop detailed project budgets, including estimates for labor, materials, equipment, and other expenses;
- Allocating and monitoring budgets for various project phases and activities;
- Implementing robust cost tracking systems to monitor project expenditures against established budgets;
- Conducting regular cost analysis and variance assessments, identifying areas of overspending or potential cost-saving opportunities;
- Generating accurate and timely cost forecasts, providing reliable projections of project expenses and potential deviations from budgeted figures;
- Preparing comprehensive cost reports for project managers, highlighting key financial metrics and trends;
- Evaluating and processing change orders, assessing their impact on project costs and schedules;
- Ensuring that change orders are documented, approved, and incorporated into the overall project budget;
- Identifying potential cost risks and uncertainties that may impact project budgets;
- Developing and implementing strategies to mitigate cost-related risks and maintaining financial stability;
- Collaborating with procurement teams to negotiate and manage contracts with vendors, subcontractors, and service providers;
- Monitoring vendor performance and compliance with contractual cost agreements;
- Working closely with project teams to identify opportunities for cost optimization without compromising project quality or performance;
- Implementing cost-effective solutions and strategies to enhance project profitability;
- Ensuring compliance with industry regulations, financial reporting standards, and contractual obligations related to cost control;
- Preparing and submitting financial reports as required by regulatory authorities and project stakeholders.
EDUCATION & EXPERIENCE:
- Bachelor’s degree in Mechanical Engineering, Finance, or a related;
- 15+ years of experience in EPC Oil & Gas projects, in particular:
- Forecast reports and cash flow reports;
- Implementing cost control and productivity measures for construction phase of the project;
- Preparing EOT (Extension of time) cost and claims;
- Assisting in finalizing subcontract agreements, preparation and valuation of variations or change orders;
- Verifying subcontractor’s interim and final payments, preparing budgets, performing cost control;
- SAP knowledge is advantage.
- Job Location: Doha, Qatar;
- Contract Duration: Long-term;
- Working schedule: 9 hours x 5 days;
- Starting date: November 2023.
Profile Middle East is an equal opportunity employer. All nationalities, including migrants willing to relocate, are encouraged to apply. We believe in hiring a diverse workforce and sustaining an inclusive, people-first culture. We are committed to non-discrimination on any protected basis, or any other basis covered under applicable law.