{bc}
Apply
indeed

Cost Control Engineer

Ali and sons
Mussafah, UAE
fulltime
Director
Yesterday
engineeringdesignproject managementmaintenancequality controltechnical
Free

Job Fit Check

Base Career helps you apply smarter for this job.

?%
Ready to Scan

Key skills for this role

engineeringdesignproject management
Smart Apply

Full Job Posting

Overview

We are seeking a detail-oriented and analytical Cost Control Engineer to support project financial performance by monitoring, analyzing, and reporting project costs across multiple projects.

The role will work closely with Project, Commercial, Production, Finance, and Estimation teams to ensure effective cost management, accurate forecasting, and profitability throughout the project lifecycle.

Key Responsibilities

  • Assist the Senior Cost Controller in all day-to-day cost control activities and ensure smooth functioning of the Cost Control Department.
  • Monitor and analyze all project-related costs for assigned projects.
  • Prepare Cost to Complete (CTC) reports for Work In Progress (WIP) projects to support monthly closing and profit recognition.
  • Interface with Project, Production, Commercial, and Finance teams to develop forecasts and analyze project profitability.
  • Prepare project cost reports for invoicing, management review, and financial reporting.
  • Monitor actual project costs against approved budgets and report cost variances.
  • Review Purchase Orders against project budgets prior to issuance.
  • Prepare weekly, fortnightly, and monthly cost reports for management review.
  • Monitor costs recorded in SAP and coordinate with Finance regarding cost allocation and reporting.
  • Investigate unusual cost transactions and ensure costs are allocated to the correct project and cost codes.
  • Maintain variation registers and monitor change orders.
  • Establish Cost Breakdown Structures (CBS) and budget elements based on project scope and contract requirements.
  • Communicate cost control procedures and ensure compliance across project teams.
  • Support project progress tracking and calculate Actual Cost of Work Performed (ACWP).
  • Prepare cash flow forecasts, expenditure forecasts, and variance analysis reports.
  • Reconcile forecasted and actual expenditures and identify risks impacting project budgets.
  • Support internal and external audits by preparing cost reports and supporting documentation.
  • Analyze the financial impact of project changes, variations, and schedule deviations.
  • Provide cost feedback and lessons learned to the Estimation Department.
  • Prepare monthly supplier provisions for major contracts.
  • Monitor manpower utilization against budgeted hours and identify productivity trends.
  • Calculate standard rates and departmental overhead expenditures as required.

Qualifications & Experience

**Education:** Bachelor’s Degree in Commerce, Accounting, Finance, Business Administration, or equivalent.

**Experience:** Minimum 5–10 years of relevant experience in cost control, project accounting, commercial management, or project finance within oil & gas, marine, construction, fabrication, or EPC projects.

**Skills:** Strong analytical, forecasting, budgeting, reporting, and financial management skills.

Advanced proficiency in MS Office, particularly Excel.

**Software**: Hands-on experience with ERP systems, preferably Oracle

Knowledge: Strong understanding of project costing, cost forecasting, budgeting, contract administration, variation management, and financial reporting.

Why Join Us?

At ASMEF, you will contribute to high-value marine and oil & gas projects where financial discipline, operational excellence, and continuous improvement are critical to success.

You will work alongside experienced professionals in a collaborative environment while gaining exposure to complex projects and opportunities for professional growth.

If you are passionate about project cost management and driving financial performance, we encourage you to apply.

Apply for this job in 1 click

Skip the repetitive application forms

Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.

Sarah M.James T.Maya R.

Trusted by over 500,000 job seekers on Base Career

Start Free Today

More from this employer

More jobs at Ali and sons

Accountant – Real Estate & Investment

Abu Dhabi, UAE

4 days agofulltime

Sales Executive

Dubai, UAE

5 days agofulltime

Financial Analyst

Dubai, UAE

1 weeks agofulltime

Material Controller

Mussafah, UAE

1 weeks agofulltime

Quality Controller- Automotive

Abu Dhabi, UAE

2 weeks agofulltime

Sales Supervisor - MUS

Mussafah, UAE

3 weeks agofulltime

Automotive Sales Executive - Hindi Speaker

Abu Dhabi, UAE

3 weeks agofulltime

PMV Administrator

Mussafah, UAE

4 weeks agofulltime