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Cost & Financial Analysis Engineer

Job in Al Khafjī, Eastern Province, Saudi Arabia
Listing for: Aramco Gulf Operations Company
Full Time position
Listed on 2026-02-05
Job specializations:
  • Engineering
    Estimator, Civil Engineering
Salary/Wage Range or Industry Benchmark: 200000 - 300000 SAR Yearly SAR 200000.00 300000.00 YEAR
Job Description & How to Apply Below
Position: Cost & Financial Analysis Engineer (3-6 Yrs)
Location: Al Khafjī

To perform a variety of cost engineering and cost estimation functions for on-going projects, contracts, in order to forecast capital expenditure. Analyzes the contract terms and technical scope requests for various projects to develop realistic cost estimates.

Skills
  • Policies, Processes and Procedures:
    Applies approved section policies, processes, and procedures and monitors adherence so that work is carried out in a controlled manner
  • Day-to-day operations:
    Applies the day-to-day operations assigned for the ESD department to ensure compliance with the established standards and procedures
  • Project Management:
    Performs a variety of cost engineering functions encompassing estimation of capital expenditure, budget preparations, forecasting and cost reporting for various projects
  • Performs and ensures an effective cost estimation function for ongoing projects
  • Prepares, reviews, monitors, analyses and reports all cost data for projects associated with capital expenditure program
  • Applies all standard software in cost evaluation of the projects
  • Supports other departments e.g. PCD for cost estimates and verification of capital projects
  • Reviews, creates, and updates guidelines relevant to cost estimation job to ensure accuracy and planning
Budgets and Plans
  • Prepares and monitors Baseline budgets, Baseline Progress Curves, cash-flow and forecasts in order to forecast the future year
  • Reviews contractors, material take-off and budgetary estimates for various project proposals and for department budget forecasts
Engineering Work orders
  • Support Superintendent in developing Engineering work orders / Service orders with in-house cost estimates to evaluate the bids by GES Contractors
Estimates and forecasts
  • Estimates and forecasts, based on a good understanding of the contract terms, capital expenditure in accordance with cost estimation guidelines
Reporting
  • Prepares section reports in a timely and accurate manner to meet Company and section requirements, policies and standards
  • Prepares and monitors Earned Value Progress and Performance report
Safety, Health & Environment
  • Complies with all relevant safety, health and environmental procedures to ensure a healthy and safe work environment
Related Assignments
  • Performs other related duties or assignments as directed
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