Principal Engineer - Cost Control

Principal Engineer - Cost Control

Petrofac is currently looking to recruit a Principal Engineer – Cost Control to be based in Sharjah, UAE.

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies. We design, build, manage and maintain infrastructure for the energy industries. Our comprehensive and tailored service offering covers each stage of the project life cycle and a variety of commercial models, giving our clients the flexibility they need.

Primary Duties:

• Establish a process of information flow with respect to each expense head, such as Design heads, Equipment/Material procurement, Logistics costs, Mobilization and demobilization of personnel/machineries, sub-contractor's cost/claims and any other relevant costs like customs, duties, liabilities, insurance etc.
• Provide assigned project cost estimates including material, manpower and equipment/material costs, sub-contracts, third party services, and financial cost etcetera.
• Coordinate with the project engineers to clarify any query/discrepancies.
• Arrive at 'Estimate to Complete' (ETC) cost for the remaining works. Co-ordinate with different disciplines to get ETC cost.
• Prepare reports on a periodic basis on the status of the costs incurred and the variations of the budgeted v/s actual in consultation with supervisor/Project Manager.
• Monitor costs and generate variance reports as and when required and forward to the Supervisor/Project Manager for his perusal.
• Carry out assessment of potential variations/claims from sub-contractors/vendors.
• Participate in project review meetings, if required and provide any cost related data as and when required.
• Interface and provide clarification to the project engineers and Accounts.
• Propose new suggestions if any and keep improving/updating the process of effective cost control.
• Develop historical Cost database of a project for future reference.
• Provide training and guidance to new/junior Cost Control personnel.

Minimum Requirements:

Engineering Degree with minimum of 15 years working experience out of which minimum five years in the Cost Control function of EPC medium projects, preferably last 2 years in Cost Control function in Oil & Gas field.