Senior Cost Control Engineer

Senior Cost Control Engineer

Reports to: CEO

Department: Cost Control

Location: Abu Dhabi, UAE

Experience: 10+ Years Knowledge

Familiarity with: ADNOC requirements for cost control and specifications of ADNOC Group of Companies.

Experience in: cost control, planning, scheduling, and claims preparation within Oil & Gas projects

Skills

1. Proficiency in MS Office suite.
2. Competence in financial analysis.
3. Skill in budgeting and forecasting.
4. Experience in cost estimation and pricing.

Key Responsibilities and Accountabilities:

Cost Management:

• Transfer estimation data to project budgets and forecast project costs.
• Prepare and issue Project Management Reports (PMRs).
• Continuously monitor and track project costs.
• Assist in issuing invoices to clients and maintain invoicing log.
• Monitor invoicing to clients and variances to planned invoicing schedules.
• Alert Project Managers of invoicing and payment delays.
• Understand and apply relevant project documents related to cost management.
• Provide planning and cost control support, including variation reporting and milestone progress monitoring.
• Monitor purchases, invoicing, and material delivery until project closure.
• Ensure expenditures remain within budget.
• Adhere to corporate and project-specific cost procedures.
• Establish cost control procedures with project personnel.
• Review cost commitment and expenditure information for accuracy.
• Identify cost-saving opportunities for change requests.
• Prepare regular cost reports and advise on forecast cost overruns.
• Highlight cost areas of concern and suggest improvements.
• Maintain comprehensive registers for invoices, payment certificates, variations, and change orders.
• Conduct monthly evaluations for invoice preparation and verification.
• Monitor project expenditure, verifying invoices and claims from suppliers, vendors, and subcontractors.
• Review internal and external interfaces for efficiency and alternate solutions.
• Monitor project cash flows.

People Management:

• Define team roles and responsibilities and evaluate performance regularly.
• Address team challenges, resolve issues, and remove obstacles to achieve objectives.
• Organize daily activities, prioritize tasks, and provide guidance to the team.
• Select personnel for administrative and technical roles.
• Mentor, train, and transfer knowledge and skills to subordinates.
• Motivate and engage the team to enhance performance.