Sr. Cost Control Engineer
51-100
Energy
Title:
Sr. Cost Control Engineer
Senior Cost Control Engineer - Grade OCST30
Position Overview
The Sr. Specialist I - Cost Control supports project financial performance by developing budgets, monitoring expenditures, analyzing variances, and preparing cost forecasts. The role ensures accurate and timely cost reporting to support decision‑making across major capital projects.
Key Responsibilities
Qualifications
Key Skills
Sr. Cost Control Engineer
Senior Cost Control Engineer - Grade OCST30
Position Overview
The Sr. Specialist I - Cost Control supports project financial performance by developing budgets, monitoring expenditures, analyzing variances, and preparing cost forecasts. The role ensures accurate and timely cost reporting to support decision‑making across major capital projects.
Key Responsibilities
- Develop and maintain project cost budgets and baselines.
- Monitor actual costs, commitments, and forecasts against approved budgets.
- Prepare monthly cost reports, dashboards, and EAC forecasts.
- Review and validate contractor invoices, variations, and cost-related contract items.
- Track change requests and incorporate approved changes into project budgets.
- Support risk reviews by identifying cost impacts and trends.
- Ensure compliance with internal cost control procedures and audit requirements.
Qualifications
- Bachelor's degree in Engineering, Finance, Accounting, or related field.
- 10-15 years' experience in project cost control (oil & gas/EPC preferred).
- Proficiency with cost management tools (e.g., SAP, Oracle, EcoSys, Excel).
- Professional certifications (AACEI CCP, PMP) preferred.
Key Skills
- Strong analytical and numerical ability.
- Excellent communication and reporting skills.
- Attention to detail and accuracy.
- Ability to work in fast-paced project environments.
- Excellent in developing and setting up Cost Model System and Forecasting of Revenue and Cost.
- Good knowledge in SAP is required, or any equivalent ERP system is required
- Good Excel and MS Office skills are required.
- Good in Data Analytics and Power BI Reporting
- Good in communication and presentation
JOB SUMMARY
Sr. Cost Control Engineer