Cost Control Engineer

Responsibilities

• Monitor project budgets, commitments, expenditures, and overall financial performance.
• Prepare periodic cost reports, forecasts, and variance analyses for management review.
• Track project progress against planned budgets and schedules.
• Review contractor invoices and claims; verify cost accuracy and compliance with contracts.
• Assist in developing project cost estimates, budgets, and cost breakdown structures (CBS).
• Identify cost‑saving opportunities and highlight potential financial risks.
• Provide financial and cost data to the project team to support decision‑making.
• Maintain accurate, complete, and up-to-date cost‑related documentation.
• Coordinate with planning, procurement, engineering, and construction teams.
• Ensure adherence to company and project cost control policies and procedures.

Job Specific Skills

• Cost breakdown structure (CBS) development and maintenance.
• Earned Value Management (EVM) concepts and application.
• Contract cost monitoring and change management.
• Financial risk identification and mitigation.
• Preparation of monthly cost reports and dashboards.
• Understanding of Oil & Gas project lifecycles and cost drivers.

Experience

• 3–7 years of experience in cost control or project controls.
• Prior experience in Oil & Gas or EPC projects is strongly preferred.