Cost Control Engineer

The Cost Control Engineer is responsible for maintaining effective cost management systems across projects to ensure alignment with approved budgets and corporate financial objectives. The role oversees cost tracking, forecasting, and reporting, ensuring cost data integrity, transparency, and integration with planning and procurement systems. Works closely with project management, finance, and procurement teams to support proactive decision‑making, cost optimization, and compliance with project control standards.

• Track and monitor project expenditures, commitments, and accruals in coordination with planning, procurement, commercial and finance teams.
• Prepare periodic‑to‑date cost performance reports comparing actual vs. budgeted costs, highlighting key variances.
• Analyze cost deviations and recommend corrective measures to project management.
• Ensure cost reports are aligned with project schedules and earned value metrics.

• Participate in the preparation of project budgets and cost baselines, ensuring accuracy and compliance with PMO standards.
• Update forecasts based on progress, scope changes, and market trends.
• Provide input for project cash flow projections and financial planning.
• Support management in developing estimate‑at‑completion analysis.

• Review purchase orders, subcontracts, and variation orders to validate cost impacts.
• Verify coding structures and cost allocations across cost centers and WBS elements.
• Verifying contractor invoices.
• Ensure traceability of all cost transactions through ERP systems.

• Collaborate with project managers, planners, accountants and procurement teams to maintain accurate cost data.
• Provide analytical support and cost performance presentations to management.
• Assist in cost close‑out, reconciliation, and lessons‑learned activities.
• Ensure integration of cost data with planning, finance and risk functions.
• Maintain and enhance cost databases, dashboards, and digital reporting tools.
• Contribute to the development and standardization of cost control procedures, coding library, templates, and workflows.
• Promote continuous improvement in cost management practices through automation and digitalization.

Project Controls, Cost Management, Construction, Infrastructure, and Oil & Gas.

• Minimum of 2–4 years of experience in cost control or project controls within construction or oil & gas industries.
• Strong understanding of cost accounting, budgeting, and forecasting principles.
• Proficient in ERP systems (SAP, Oracle, or similar) and advanced Excel tools.
• Familiar with project control standards and earned value management (EVM).

• Certification in cost engineering (e.g., CCP, AACE, or PMP) preferred.

• Cost tracking and reporting.
• Budgeting and variance analysis.
• ERP and cost management software proficiency.
• Analytical, detail‑oriented, and problem‑solving mindset
• Strong communication and coordination skills with multidisciplinary teams
• Ability to link cost performance with schedule and risk data

Note: Prior experience with CCS & Oracle is preferred