Cost Estimation Engineer - Mechanical

Job Description and Qualifications
POSITION SUMMARY
* Define and Detail Cost Estimates from Scope (all estimating classes with focus mechanical discipline)
* Develop and define Cost Element Structure and Cost Estimating Relationship
* Define contingency allowances
* Understanding of regional labor and material pricing
* Maintain Trend Log (Scope/Non-Scope, Engineering, Packages Commodities)
* Accounting and Cost Forecasting activities

PRINCIPAL DUTIES AND RESPONSBILITIES
* Establish, maintain and manage a robust cost estimate framework ensuring industry standard methodology with focus on Mechanical Scope.
* To initiate and implement the project cost coding with its corresponding structure in a compatible manner to accommodate the requirements of other disciplines i.e.
* Provide functional and technical financial leadership for local project cost planning and forecasting
* Analyze and report on complex financial/cost circumstances
* Provide oversight and advice for project team functions to improve control outcomes
* Prepare and maintain project cost estimates through the full cost estimate classification range and prepare supporting basis of estimate documentation.
* Participate in contractor's cost estimate kick-off meetings to establish all deliverables, including formats, WBS and cost estimate review schedule.
* Participate actively in project risk review and probabilistic analysis to support contingency determination process.
* Maintain document audit trail on all elements of project cost estimates.
* Prepare for and contribute to project reviews.
* Support in other project control tasks as required.
* Provide Earned Value Management (EVM) where applicable
* Assist project management staff with monthly forecasting, including validation of the projected fees and percent complete forecasts
* To perform the preparation and maintenance of the variations register to ensure proper coding and Budget allocation.
* To provide as requested special studies and reports such as cash flow projection, foreign exchange variations, overseas transportation, custom duty, logistics etc.
* Prepare and maintain project cost estimates through the full cost estimate classification range and prepare supporting basis of estimate documentation.
* Maintain document audit trail on all elements of project cost estimates.
EDUCATION AND EXPERIENCE
* Bachelor's degree - mechanical degree is preferable
* Significant mechanical cost estimating experience in particular CAPEX and OPEX estimates.
* Extensive experience in cost estimating role supporting major Capital Projects through the full project life cycle, early appraise and select phases through to define and execute phases is a must.
* Ability to work pro-actively under own initiative with minimum supervision.
* Minimum ‎12 years relevant experience in a project role in industrial gases, oil & gas or related industry
* Strong communicator written and oral
* Organized, disciplined, able to perform under pressure and manage multiple priorities and parallel tasks
* Strong Microsoft software skills, particularly Excel and MS Project
* Strong report writing skills
* Experience of working with a multicultural project team
* Middle East experience preferable
* KSA experience preferable

Req No.
38115BR
Employment Status
Fixed Term (agency) - Full Time
Organization
Middle East, Egypt & Turkey
Business Sector / Division
MEIET Operations
Region
Middle East, Egypt, Turkey (MEET)
Country
Saudi Arabia