Company:
Confidential
Location: Houston
Closing Date: 08/11/2024
Hours: Full Time
Type: Permanent
Job Requirements / Description
About the job
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
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