Cost Control Engineer

Abu Dhabi, UAE

Key Responsibilities

• Assist Senior Cost Controller in all day-to-day costing functions and ensure smooth functioning of the Cost Control Department.
• Monitor and analyze all job-related costs for assigned projects.
• Prepare Cost to Complete (CTC) reports for Work In Progress (WIP) jobs for profit recognition and monthly closing purposes.
• Interface with Project, Production, and Commercial teams to develop forecasts and analyze project profit/loss.
• Prepare cost reports for invoicing and management review for allocated projects.
• Monitor actual project costs against budget and report variances.
• Review Purchase Orders against budget before issuance to suppliers/subcontractors.
• Prepare summarized cost reports on weekly, fortnightly, and monthly basis.
• Monitor project costs booked in SAP and liaise with Finance for cost-related queries.
• Examine unusual cost records and ensure correct allocation of cost data.
• Maintain Variation Register for assigned projects.
• Manage documentation related to Cost Control activities.
• Understand project contracts, scopes, and establish Cost Breakdown Structures and budget elements.
• Communicate cost control processes and routines to project teams, ensuring compliance with financial and legal requirements.
• Collaborate with estimators and project teams to ensure alignment on tender budgets.
• Track project progress proactively and compute Actual Cost of Work Performed (ACWP) for financial closing and profit recognition.
• Produce project reports, cash flow forecasts, and variance analysis for management.
• Reconcile forecasted and actual expenditures and advise management of changes impacting project spending.
• Produce audit reports for internal and external audits.
• Assist in analysis of variance and impact of change orders on schedule and progress.
• Calculate and plan Cost to Complete (CTC) for progressive jobs.
• Ensure all costs are allocated to the correct cost codes and projects.
• Provide feedback to Estimation Department during project execution and closure.
• Prepare supplier provisions for major contracts on a monthly basis.
• Calculate standard rates and DOE periodically for the division.
• Monitor and report utilization of man-hours against budget and identify remaining unsold hours.

Qualifications & Experience

• **Education:** Degree in Commerce or equivalent
• **Experience:** 5–10 years of relevant experience in cost control, preferably within oil & gas, marine, or construction projects
• **Technical Skills:**
• Advanced MS Office skills
• Hands-on experience with ERP systems, preferably SAP

Why Join Us?

• Be part of a leading marine and engineering organization in the UAE
• Gain exposure to multiple high-value projects in oil & gas and marine sectors
• Opportunities for professional growth and career development
• Work in a structured, collaborative, and safety-focused environment
• Contribute to operational excellence and cost efficiency across projects