Saudi Aramco, officially the Saudi Arabian Oil Company, is a Saudi Arabian national petroleum and natural gas company based in Dhahran, Saudi Arabia. It is one of the largest companies in the world by revenue, and according to accounts seen by Bloomberg News, the most profitable company in the world.
We are seeking an experienced Cost Engineer to join our Project Management team (PMT). Saudi Aramco Project Management Teams are directly responsible and accountable for the delivery of best in class capital projects assigned to department. PMT is directly involved in executing and managing assigned projects safely, on schedule, within budget and to the highest standards of integrity and compliance. This will involve engineering design, procurement and construction of various sizes, types and complexity of small, medium to multi-billion dollar mega size projects. Some of these mega projects include the Marjan Increment Program, the Crude Oil to Chemicals program, the Gas Compression Program, the Berri & Zuluf Increment and AMIRAL Program.
As the successful candidate you will hold a Bachelor’s degree in Engineering, Construction Management, Economics, Business Administration or Accounting, with a minimum of two to nine years’ cost engineering experience, including at least one to five years devoted to petrochemical, refinery, pipeline, or power generation projects. Preferably Certified from Professional Organization.
You must have extensive experience in the field of Cost Engineering and will be responsible for cost analysis, cost controls and reporting activities for Capital and non-Capital projects.
Demonstrate a high level of competency in the use of statistical tools to analyze costs metrics and perform risk analysis.
Duties & Responsibilities
You will be required to perform the following:
Provide input and recommendations for cost engineering requirements relative to staffing, project controls, and preparing and analyzing comparisons of scope, quantities and cost data between the project forecasts and the budgets.
Organize, monitor and control project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures.
Ensure all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.
Proactively advise management when forecasted costs exceed the approved budget and he will recommend corrective actions.
Analyze contractors’ cost reports and extract required data for management reporting.
Prepare and report cost engineering information on a monthly basis and when required for management.
Provides all cost engineering expertise and coordinates activities as group/unit leader as required in preparation of cost portion of the engineering, procurement and construction contracts.
Collects, monitors, analyzes and reports all cost information through the Project Manager.
Reviews and analyzes all claims and Change Orders on project contracts. Participates in the negotiation of project contracts as required.
Initiates appropriate action when total forecast indicates allocated funds