This role required candidate to permanently relocate at Dhahran, Saudi Arabia.

About the Company

This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate. The Upstream segment includes crude oil, natural gas and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology. The company was founded on May 29, 1933 and is headquartered in Dhahran, Saudi Arabia.

Job Summary

We are seeking an experienced Cost Engineer to join our Project Management team (PMT). This Company 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.

Responsibilities:

• Provide cost analysis, controls, and reporting for both Capital and non-Capital projects.
• Offer input and recommendations for cost engineering requirements related to staffing, project controls, and comparing scope, quantities, and cost data between project forecasts and budgets.
• Organize, monitor, and control project costs, ensuring compliance with contractual requirements, objectives, and company procedures.
• Accurately report all project commitments and maintain updated final project forecasts and expenditure forecasts.
• Proactively inform management when forecasted costs exceed the approved budget.
• Utilize statistical tools to analyze cost metrics and perform risk analysis.
• Analyze contractors\' cost reports and extract necessary data for management reporting.
• Prepare and present cost engineering information on a monthly basis and provide additional ad-hoc reports as required by Management.
• Serve as the group/unit leader, coordinating cost engineering activities for the preparation of the cost portion of engineering, procurement, and construction contracts.
• Collect, monitor, analyze, and report all cost information through the Project Manager.
• Review and analyze all claims and Change Orders on project contracts.
• Participate in the negotiation of project contracts as required.
• Take appropriate action when the total forecast indicates that allocated funds will be exceeded.

Requirements:

• This role required candidate to permanently relocate at Dhahran, Saudi Arabia.
• Bachelor\'s degree in Engineering from a recognized university.
• 15+ years of cost engineering experience in oil and gas, petrochemical, and refinery projects or facilities.
• 10+ years of experience in managing project budgets, cost tracking, forecasting, and financial reporting.
• Broad, multi-discipline knowledge and experience of cost engineering for Oil and Gas projects.
• A certification from a Professional Organization is highly recommended.

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