Cost Engineer - Oil & Gas (Saudi Arabia)

Eram Talent is searching for an experienced Cost Engineer specializing in Oil & Gas projects to join our dynamic team in Saudi Arabia. This role is crucial in ensuring that project financials are managed effectively, overseeing budgets, cost control, and financial forecasting throughout the project lifecycle. The successful candidate will be fully familiar with the development of the various Classes of the Estimates, Budgeting, CAPEX, forecasting and cost control. Fully familiar with invoice processing and cost estimating, Familiar with LSTK Contract Procurement and Administration.

• Develop detailed project cost estimates and budget proposals for Oil & Gas projects.
• Monitor and track project expenses, ensuring strict adherence to budgetary constraints.
• Analyze costs and provide regular financial reports to project managers and stakeholders.
• Identify potential cost-saving opportunities and implement effective cost control measures.
• Assist in reviewing and processing invoices and change orders from contractors and vendors.
• Coordinate with project teams to ensure financial compliance and effective resource allocation.
• Prepare periodic cost forecasts and performance evaluations for ongoing projects.