Sr. Engineer Cost Estimation/Control

Main tasks and responsibilities

• Cost Estimation & Modelling
• Develop cost estimates using approved tools and methodologies
• Lead Monte Carlo analysis, sensitivities, and contingencies
• Maintain a cost estimation database (equipment, materials, labour, indices)
• Ensure accuracy and consistency across the project lifecycle
• Prepare cost estimation assumptions, documentation, and reports
• Cost Control & Benchmarking
• Support project cost controllers with procurement and total project cost analysis
• Benchmark cost and schedule performance against internal/external data
• Monitor EPC contractor cost performance and compliance
• Evaluate vendor and subcontractor quotations for materials, fabrication, and construction.
• Apply knowledge of metallurgy to assess cost impacts of material selection, corrosion protection, and welding requirements.
• Support benchmarking, risk analysis, and contingency development.
• Ensure estimates comply with applicable standards (API 5L, ASME B31.8, ASTM, NACE).
• Maintain and update cost estimation procedures and templates as and when required
• Ensure effective use of platforms such as Cleopatra
• Drive improvements and lessons learned in cost estimation processes

Working Conditions

Primarily office-based, occasional travel, and sporadic visits to the project site.

Education requirements

Bachelor’s degree in engineering (Civil, Mechanical, or Industrial)

Experience and background.

• 8 to 10 years of solid technical experience in the Oil & Gas industry, specializing in project cost estimation and compliance with financial and technical procedures aligned with industry’s best practices
• Hands-on experience in using Cost Estimation software like Cleopatra. Advanced skills in MS Excel.

Principles:

• Strategic Alignment: Ensure that every action and decision will support the organization's long-term goals and aims.
• Transparency in Responsibility: Ability to create clear reporting systems to enhance operational efficiency and overall effectiveness.
• Continuous Improvement: Foster a culture of innovation and learning to adapt and grow in a changing environment.
• Sustainability: Ability to meet the current business needs by combining skills with the future generations' needs, balancing environmental, social, and economic concerns within the organization’s communities.
• Diversity and Inclusion: Foster diversity within the workforce and promote an inclusive culture by engaging with a broad array of perspectives and talents.
• Stakeholder Engagement: Actively involve and communicate with stakeholders to build trust and keep strong relationships.

Soft Skills:

• Aptitude in decision-making and problem-solving.
• Excellent interpersonal skills and multicultural sensitivity.
• Ability to organize effectively, solve problems quickly, and communicate clearly.
• Capable of working in a professional team environment and liaising with external parties and stakeholders.

Technical Skills:

• Computer literate with ability in MS Office and cost estimation software.
• Background in Mechanical, Materials, or Metallurgical Engineering
• Experience with ASME B31.8, API 5L, and ASTM standards for pipeline and pressure vessel materials.
• Certification in PMP, CCP, and CEP is a plus.
• Proficiency in technical engineering terminology in both English and Arabic.
• HSE, finance, budget, and reporting.
• In-depth knowledge of HSE regulations, standards, and best practices.