Associate Cost Engineer

Overview SMP Opportunity in Oil & Gas Company

Job Title :

Associate Cost Engineer

Job Summary :

The Associate Cost Engineer is responsible for managing project costs including cost monitoring, budget control, and forecasting project expenditures. This role ensures effective financial risk control and optimal resource allocation across project phases.

Responsibilities

Monitor and control project costs to ensure adherence to approved budgets

Forecast expenditures and prepare regular cost reports

Prepare material lists and request vendor quotations

Support in defining and estimating scope change quantities

Analyze blueprints, specifications, and project documents to calculate material, labor, and equipment costs

Identify potential cost optimization opportunities

Develop and present monthly project updates related to cost and forecasted spending

Qualifications

Bachelor’s degree in

Engineering ,

Finance ,

Economics , or

Accounting

3 to 5 years of relevant work experience in cost engineering or project cost control

Strong analytical skills with the ability to prepare and interpret detailed cost reports

Proficient in budgeting, forecasting, and financial risk management

Experience in interpreting technical documents such as blueprints and specifications

Preferred Qualifications

Certification in

Financial Analysis

or related field from an accredited institution

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