Cost Control Engineer

Cost Control Engineer
‎5-‎7 Years
Kuwait
Fri Sep ‎30 ‎2022
| Vacancy Code : ‎102116
Job Type : Staff,
Industry : Mechanical,
Contract Length : ‎12 months,
Total Vacancy : ‎1
Job Description:
Working as a Cost Control Engineer

‎5-‎7 Years
Kuwait
Fri Sep ‎30 ‎2022
| Vacancy Code : ‎102116
Job Type : Staff,
Industry : Mechanical,
Contract Length : ‎12 months,
Total Vacancy : ‎1
Job Description:
Working as a Cost Control EngineerEducation ‐ Bachelor's degree in related
engineering major is preferred Experience ‐ Minimum ‎5 to ‎10 years' experience
cost control ‐ Project based cost control experience gained within the Oil and
Gas industry or Petrochemical industry Skills & knowledge ‐ SAP skills ‐
Intermediate‐to‐advanced Microsoft Office skills (esp. Microsoft Excel) ‐
Comprehensive knowledge on overall cost control ‐ Knowledge in Contract and
Subcontracting ‐ Knowledge in Correspondence such as Letters Perform or
supervise project/construction cost control activities, develops cost control
programs and coordinate integrated cost control activities under standard
procedure and system. ‐ Produce routine project/construction cost and
financial reports for submission to field control manager and construction
manager. ‐ Support customer payment application and invoicing process by
preparing payment applications accurately and on time ‐ Verify bottle neck of
collecting money and set up resolution. ‐ Calculate and record cost impact
caused by change order. ‐ Estimate and record the cost of back charge to
subcontractors. ‐ Review whether vendor's estimation is reasonable and meet
SECL's requirements. ‐ Interface with accounting, procurement, engineering and
other groups where necessary for the implementation of common cost coding and
work breakdown structure across the project. ‐ Perform basic
project/construction cost control activities in accordance with approved
procedure. ‐ Receive and check subcontractor's invoices. ‐ Research material
price and cost of subcontractor tendency. ‐ Assist to produce cost report. ‐
Organize change order history to analyze cost impact. ‐ Receive vendor's
estimation. ‐ Collect manpower, work volume and schedule to estimate cost
effectively. ‐ SAP operation (V/O,P/R, P/O Creation, Invoice Posting, Bond
Registration). ‐ Receive and Check Materials, Services, Rental Manpower &
Equipment invoices. ‐ Prepare Construction 3vmonths Cash flow forecast. ‐ Cube
MDG Operation (Vendor Registration). ‐ Review and check Monthly Progress
Payment Certificate of the Subcontractors in accordance with Subcontract BOQ
(Bill of Quantity and Rates). ‐ To develop the contractual requirements
relating to cost control & estimation, invoicing of payment & variations to be
stipulated in the agreements. ‐ Monitor, for subcontracts and other
significant items, progress and the value of work done. ‐ Liaise with EPC and
Installation functions, to maintain awareness of project/construction
activities and their impact on the project/construction budget, schedule and
cost forecast ‐ Preparation of client invoice. ‐ Analyze committed costs and
activities to‐date (actual vs budget performance and productivity). ‐ Review
monthly the forecasts to complete, any deviation from baselines and the effect
of the corrective actions taken by PM/CM.
Knowledge & Qualification:
Working as a Cost Control EngineerEducation ‐ Bachelor's degree in related
engineering major is preferred Experience ‐ Minimum ‎5 to ‎10 years' experience
cost control ‐ Project based cost control experience gained within the Oil and
Gas industry or Petrochemical industry Skills & knowledge ‐ SAP skills ‐
Intermediate‐to‐advanced Microsoft Office skills (esp. Microsoft Excel) ‐
Comprehensive knowledge on overall cost control ‐ Knowledge in Contract and
Subcontracting ‐ Knowledge in Correspondence such as Letters Perform or
supervise project/construction cost control activities, develops cost control
programs and coordinate integrated cost control activities under standard
procedure and system. ‐ Produce routine project/construction cost and
financial reports for submission to field control manager and construction
manager. ‐ Support customer payment application and invoicing process by
preparing payment applications accurately and on time ‐ Verify bottle neck of
collecting money and set up resolution. ‐ Calculate and record cost impact
caused by change order. ‐ Estimate and record the cost of back charge to
subcontractors. ‐ Review whether vendor's estimation is reasonable and meet
SECL's requirements. ‐ Interface with accounting, procurement, engineering and
other groups where necessary for the implementation of common cost coding and
work breakdown structure across the project. ‐ Perform basic
project/construction cost control activities in accordance with approved
procedure. ‐ Receive and check subcontractor's invoices. ‐ Research material
price and cost of subcontractor tendency. ‐ Assist to produce cost report. ‐
Organize change order history to analyze cost impact. ‐ Receive vendor's
estimation. ‐ Collect manpower, work volume and schedule to estimate cost
effectively. ‐ SAP operation (V/O,P/R, P/O Creation, Invoice Posting, Bond
Registration). ‐ Receive and Check Materials, Services, Rental Manpower &
Equipment invoices. ‐ Prepare Construction 3vmonths Cash flow forecast. ‐ Cube
MDG Operation (Vendor Registration). ‐ Review and check Monthly Progress
Payment Certificate of the Subcontractors in accordance with Subcontract BOQ
(Bill of Quantity and Rates). ‐ To develop the contractual requirements
relating to cost control & estimation, invoicing of payment & variations to be
stipulated in the agreements. ‐ Monitor, for subcontracts and other
significant items, progress and the value of work done. ‐ Liaise with EPC and
Installation functions, to maintain awareness of project/construction
activities and their impact on the project/construction budget, schedule and
cost forecast ‐ Preparation of client invoice. ‐ Analyze committed costs and
activities to‐date (actual vs budget performance and productivity). ‐ Review
monthly the forecasts to complete, any deviation from baselines and the effect
of the corrective actions taken by PM/CM.
Role & Responsibilities:
Working as a Cost Control EngineerEducation ‐ Bachelor's degree in related
engineering major is preferred Experience ‐ Minimum ‎5 to ‎10 years' experience
cost control ‐ Project based cost control experience gained within the Oil and
Gas industry or Petrochemical industry Skills & knowledge ‐ SAP skills ‐
Intermediate‐to‐advanced Microsoft Office skills (esp. Microsoft Excel) ‐
Comprehensive knowledge on overall cost control ‐ Knowledge in Contract and
Subcontracting ‐ Knowledge in Correspondence such as Letters Perform or
supervise project/construction cost control activities, develops cost control
programs and coordinate integrated cost control activities under standard
procedure and system. ‐ Produce routine project/construction cost and
financial reports for submission to field control manager and construction
manager. ‐ Support customer payment application and invoicing process by
preparing payment applications accurately and on time ‐ Verify bottle neck of
collecting money and set up resolution. ‐ Calculate and record cost impact
caused by change order. ‐ Estimate and record the cost of back charge to
subcontractors. ‐ Review whether vendor's estimation is reasonable and meet
SECL's requirements. ‐ Interface with accounting, procurement, engineering and
other groups where necessary for the implementation of common cost coding and
work breakdown structure across the project. ‐ Perform basic
project/construction cost control activities in accordance with approved
procedure. ‐ Receive and check subcontractor's invoices. ‐ Research material
price and cost of subcontractor tendency. ‐ Assist to produce cost report. ‐
Organize change order history to analyze cost impact. ‐ Receive vendor's
estimation. ‐ Collect manpower, work volume and schedule to estimate cost
effectively. ‐ SAP operation (V/O,P/R, P/O Creation, Invoice Posting, Bond
Registration). ‐ Receive and Check Materials, Services, Rental Manpower &
Equipment invoices. ‐ Prepare Construction 3vmonths Cash flow forecast. ‐ Cube
MDG Operation (Vendor Registration). ‐ Review and check Monthly Progress
Payment Certificate of the Subcontractors in accordance with Subcontract BOQ
(Bill of Quantity and Rates). ‐ To develop the contractual requirements
relating to cost control & estimation, invoicing of payment & variations to be
stipulated in the agreements. ‐ Monitor, for subcontracts and other
significant items, progress and the value of work done. ‐ Liaise with EPC and
Installation functions, to maintain awareness of project/construction
activities and their impact on the project/construction budget, schedule and
cost forecast ‐ Preparation of client invoice. ‐ Analyze committed costs and
activities to‐date (actual vs budget performance and productivity). ‐ Review
monthly the forecasts to complete, any deviation from baselines and the effect
of the corrective actions taken by PM/CM.
Basic Salary: USD-‎0