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Senior Cost Engineer

1.00 to 10.00 Years   Riyadh, Saudi Arabia   28 Feb, 2024
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryConstruction & Building
Functional AreaNot Mentioned

Job Description

  • The cost engineer reports to the Project Director/Manager and liaises with all other Cost Management, Unit members. Coordinate with clients senior representatives, Contractors, Subcontractors, Government Agencies, and Consultants as necessary.
  • Support the Project Director in establishing and implementing department policies, goals, objectives, and procedures as approved by the Project Director.
  • Support and participation in preparing the projects budgets and five-year plan and updating it annually.
  • Support and participate in preparing the annual project budget plan and submitting it to the Ministry of Finance to approve the annual budget.
  • Review the estimated cost of projects before the bidding phase.
  • Develop and follow up on invoicing and payment processes.
  • Managing the projects change management, review, and audit claims process.
  • Manage and sustain the projects cost data using the appropriate Project Management Information System (PMIS).
  • Participate in monitoring the project, reporting, and managing project dashboards.
  • Review projects cash flow and recommends best practice for planning and updating.
  • Represent the department in management meetings as necessary.
  • Coordinate with client departments and divisions to implement the current and future deliverables and initiatives.
  • Provide guidance, directions, and specialized assistance to projects.
  • Monitor project cash flow, advise departments of any deviation in plans, and provide input and feedback to rectify deviations.
  • Coordinate and develop related reports for inclusion in the Unified Monthly Report prepared by Cost Management Department.
  • Establish, measure, and report the achievement of department goals and targets, KPI and performance.
  • Assist the Director in identifying staff knowledge and skill sets gaps and implementing appropriate training.
  • Perform other duties as assigned by the line manager/supervisor.

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