Associate Cost Engineer

Overview

SMP Opportunity in Oil & Gas Company

Job Title: Associate Cost Engineer

Job Summary:

The Associate Cost Engineer is responsible for managing project costs including cost monitoring, budget control, and forecasting project expenditures. This role ensures effective financial risk control and optimal resource allocation across project phases.

Responsibilities

• Monitor and control project costs to ensure adherence to approved budgets
• Forecast expenditures and prepare regular cost reports
• Prepare material lists and request vendor quotations
• Support in defining and estimating scope change quantities
• Analyze blueprints, specifications, and project documents to calculate material, labor, and equipment costs
• Identify potential cost optimization opportunities
• Develop and present monthly project updates related to cost and forecasted spending

Qualifications

• Bachelor's degree in Engineering, Finance, Economics, or Accounting
• 3 to 5 years of relevant work experience in cost engineering or project cost control
• Strong analytical skills with the ability to prepare and interpret detailed cost reports
• Proficient in budgeting, forecasting, and financial risk management
• Experience in interpreting technical documents such as blueprints and specifications

Preferred Qualifications

• Certification in Financial Analysis or related field from an accredited institution