Cost Control Engineer

COMPANY OVERVIEW 

NEOM is an accelerator of human progress and a vision of what a new future might look like. A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.  As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation. As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.

Are you ready to help NEOM find solutions to the world’s most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!

ROLE PURPOSE

• Administers budget variance tracking for the project

  
  

• Review new project budget and cost codes against estimates

  
  

• Support commercial team with post award contracts

  
  

KEY ACCOUNTABILITIES & ACTIVITIES

Key Accountabilities & Activities

• Develop and maintain detailed project cost estimates, including materials, labor, equipment, and services, ensuring accuracy and alignment with project budgets.

  
  

• Analyze project specifications and drawings to identify cost-saving opportunities and recommend cost-effective alternatives.

  
  

• Prepare and present cost reports and forecasts to project managers and stakeholders, highlighting variances between actual and budgeted costs.

  
  

• Implement and manage cost control systems to monitor project expenditures against budgets and forecasts, identifying and addressing overruns in a timely manner.

  
  

• Collaborate with procurement teams to negotiate contracts with suppliers and contractors, ensuring favorable terms and adherence to project budgets.

  
  

• Assess financial risks associated with project decisions and propose mitigation strategies to manage potential cost overruns.

  
  

• Validate contractor and supplier invoices against contract terms and project deliverables, ensuring accurate and justified billing.

  
  

• Conduct post-project audits to evaluate cost management effectiveness, identifying lessons learned and best practices for future projects.

  
  

• Managing bids from vendors and contractors

  
  

• Using bid data to prepare detailed a cost analysis

  
  

• Presenting prepared estimates to management and other stakeholders

  
  

• Compiling and recording actual costs

  
  

BACKGROUND, SKILLS & QUALIFICATIONS

Knowledge, Skills and Experience

• 5 years of experience working as an estimator

  
  

• Ability to work independently

  
  

• Ability to put together a professional presentation

  
  

• Ability to create reports on costing data

  
  

• Amazing analytical and math skills

  
  

• Ability to work well on a team

  
  

• Very detail oriented

  
  

• Ability to understand technical drawings and requirements

  
  

• Deep knowledge of how processes work

  
  

Qualification

• Bachelor’s degree in Engineering, or related field.