Cost Control Engineer
Role Overview
The Cost Control Engineer supports project financial performance by monitoring, analyzing, and reporting costs across multiple projects.
Works with Project, Commercial, Production, Finance, and Estimation teams on cost management, forecasting, and project profitability.
The posting identifies Abu Dhabi, UAE as the job location.
Key Skills for This Role
Full Job Posting
Position overview
The Cost Control Engineer supports project financial performance by monitoring, analyzing, and reporting costs across multiple projects.
Works with Project, Commercial, Production, Finance, and Estimation teams on cost management, forecasting, and project profitability.
The posting identifies Abu Dhabi, UAE as the job location.
Cost control and reporting
- Assist the Senior Cost Controller with day-to-day cost control activities and support department operations.
- Monitor project costs; prepare Cost to Complete reports for work-in-progress projects to support monthly close and profit recognition.
- Prepare project cost reports for invoicing, management review, and financial reporting, including weekly, fortnightly, and monthly reports.
- Compare actual costs against approved budgets, report variances, and review purchase orders against project budgets before issue.
- Monitor costs in SAP; coordinate cost allocation and reporting with Finance; investigate unusual transactions and correct project and cost-code allocation.
Forecasting and project controls
- Work with Project, Production, Commercial, and Finance teams to forecast and analyze project profitability.
- Maintain variation registers and monitor change orders; establish Cost Breakdown Structures and budget elements based on project scope and contract requirements.
- Communicate cost control procedures and support compliance across project teams.
- Track project progress and calculate Actual Cost of Work Performed; prepare cash flow, expenditure, and variance forecasts.
- Reconcile forecast and actual expenditures, identify budget risks, and assess financial impacts of changes, variations, and schedule deviations.
Other duties
- Support internal and external audits with cost reports and supporting documents; provide cost feedback and lessons learned to Estimation.
- Prepare monthly supplier provisions, monitor manpower utilization against budgeted hours, identify productivity trends, and calculate standard rates and departmental overheads.
Education and experience
- Bachelor’s degree in commerce, accounting, finance, business administration, or equivalent.
- 5–10 years of relevant experience in cost control, project accounting, commercial management, or project finance within oil and gas, marine, construction, fabrication, or EPC projects.
Required skills
- Strong analytical, forecasting, budgeting, reporting, and financial management skills; advanced MS Office, particularly Excel.
- Hands-on ERP experience; Oracle is preferred.
- Knowledge of project costing, cost forecasting, budgeting, contract administration, variation management, and financial reporting.
About the company
Ali & Sons Marine Engineering Factory, a subsidiary of Ali & Sons Holding LLC, provides engineering, fabrication, and ship repair services for oil and gas and marine sectors.
The company describes a focus on quality, operational excellence, and customer satisfaction in complex energy and maritime projects.
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