To join one of Saudi Aramco's Subsidiaries. This position requires full relocation to Saudi Arabia.
Job Title: Cost Engineer
Location: Al Khafji, Saudi Arabia
Company: Saudi Aramco Subsidiary
Job Purpose
To provide cost analysis for Management on projects to enable informed decision-making and proper budgeting.
Job Description
Applies approved section policies, processes, and procedures and monitors adherence so that work is carried out in a controlled manner.
Applies the day-to-day operations assigned for the Project Design and Construction Department to ensure compliance with the established standards and procedures.
Monitors project cost reviewing actual spending vs budgeted amount in order to determine variances.
Conducts cost-benefit analysis and cash flow analysis as requested by Management to enable them to make more informed decisions regarding projects.
Prepares accounting accruals related to project to ensure that the books correctly reflect the value of the project.
Provides inputs into the preparation of the project capital expenditure budget by preparing analysis and data related to specific elements as directed
Prepares individual budgets for each phase of a large project, based on the overall project budget in order to gain further clarity in to costs and to allow more rigid controls.
Prepares section reports in a timely and accurate manner to meet Company and section requirements, policies and standards.
Complies with all relevant safety, health and environmental procedures to ensure a healthy and safe work environment.
Academic and professional qualifications
Bachelor degree in Engineering
Experience
Minimum 4 years of experience in Oil and Gas Industry