Senior Cost Engineer

**Role Overview** We are looking for a results-driven **Senior Cost Engineer** to take full ownership of **project cost planning, monitoring, and financial performance** across steel fabrication and erection projects. This role focuses on **cost engineering, forecasting, budgeting, and financial control**, ensuring projects are delivered within approved budgets while maximizing profitability. **Key Responsibilities1. Cost Planning & Budgeting** * Develop **project budgets** based on contract scope, drawings, and BOQ * Establish **cost breakdown structure (CBS)** aligned with project execution * Prepare **baseline cost estimates** and track against actuals * Support tender and estimation teams with cost inputs **2. Cost Monitoring & Control** * Track **actual vs budgeted cost** across fabrication, materials, manpower, and site activities * Identify cost deviations and provide corrective action plans * Monitor **material consumption, wastage, and productivity rates** * Implement cost control systems and reporting standards **3. Forecasting & Reporting** * Prepare **monthly cost reports (MCR)** and financial dashboards * Develop **cash flow forecasts and cost-to-complete (CTC)** analysis * Provide **early warnings** on cost overruns and project risks * Present cost performance updates to management **4. Variation & Revenue Tracking** * Work closely with QS/Commercial team to track **variations and claims** * Ensure all additional works are properly costed and recorded * Support in pricing variations with proper backup calculations **5. Coordination with Project Team** * Liaise with **Planning Engineers, Project Managers, Production & Site Teams** * Align cost tracking with project schedule (Primavera P6 integration preferred) * Support decision-making with cost impact analysis **6. Procurement & Cost Optimization** * Coordinate with procurement team for **cost-effective sourcing** * Analyze supplier quotations and recommend best value options * Identify opportunities for **cost reduction and efficiency improvement** **7. Risk & Financial Analysis** * Perform **risk analysis related to cost, delays, and resource allocation** * Maintain contingency tracking and risk mitigation plans * Evaluate project margins and profitability **Qualifications** * Bachelor’s Degree in Civil / Mechanical Engineering or Quantity Surveying * Minimum **5–8 years of experience** in construction / steel industry * Strong experience in **steel fabrication, erection, or PEB projects** * GCC experience preferred **Technical Skills** * Strong knowledge of **cost engineering, budgeting, and forecasting** * Advanced **Excel (cost models, dashboards, pivot analysis)** * Familiarity with **ERP systems and cost control software** * Working knowledge of **Primavera P6 / project scheduling tools** **Key Competencies** * Strong analytical and financial management skills * Ability to interpret project data and provide insights * Detail-oriented with strong reporting capability * Excellent coordination and communication skills Job Type: Full-time Work Location: In person