• Dragon Oil UAE Careers | Cost Control Engineer

    Dragon Oil UAE Careers | Cost Control Engineer

    Location: Dubai - United Arab Emirates

    Job Description

    Duties and Responsibilities

    Your main responsibilities in this role include the following:

    • Operational: Oversees project cost estimating and costs control activities; ensures that proper controls and standards are in place and all activities comply with company policy.

    • Maintains records of Engineering and Projects Division’s Annual Work Program and Budget and supports budget narratives.

    • Carries out comparison between the project budget and the project cost forecast and prepares project expenditure cost trend analysis.

    • Maintains master Change Order Register and provides status information as necessary.

    • Reviews and verifies cost data and change orders in coordination with the Senior Contracts Engineer prior to issuing to Procurement department

    • Reviews cost estimate input for change order evaluation purposes.

    • Performs project commercial close-out.

    • Control: Monitors performance and compliance and addresses problems as they arise.

    • Monitors and follows up on project insurance, performs bank guarantees and payment clearances.

    • Monitors and reports on project planned budgets and expenditure, identifies any deviations from the budget and provides recommendations on required corrective action.

    • Monitors and reviews project change requests and change orders issued during the project life cycle.

    • Provides proactive feedback on potential cost at completion.

    • Ensures all expenditure is documented in accordance with required standards, methods and procedures.

    • Ensures actions performed comply with relevant internal control measures and are within the control framework.

    • Assists/advises Project Managers in the control of Project invoicing as required.

    • Assists with identifying gaps in the effectiveness of controls and identifies opportunities for more efficient and effective controls.

    • Supports audit-related tasks and follows up on cost related audit Corrective Action Plans to ensure timely and proper close-out of audit recommendations and non-conformities.

    • Liaison and coordination.

    • Liaises with the internal customers in Projects, Engineering and Facilities to produce periodic project development status reports.

    • Liaises with Senior Cost Estimator and other internal customers to verify cost data as appropriate.

    • Undertakes any ad hoc responsibilities assigned by line manager.

    • Reporting: Prepares reports in support of department activities.

    • Prepares “Exception reports” that highlight current areas of concern on cost issues.

    • Provides monthly project accruals report.

    • Arranges a “Look ahead” report that details potential issues showing cost incurred against the approved budget.

    • Runs regular cost status reports for internal and external distribution.

    • Furnishes project and AFE close-out reports for internal and external distribution.

    • Provides input/feedback into the estimation section for improving accuracy of the data.

    • Coaching, Training and Mentoring: Actively contributes to the development of staff.

    • Supports department staff in meeting needs for employee training, development and skill gap closure.

    • Coaches employees in order to build their knowledge and skills.

    Job Requirements

    • Bachelor’s Degree in Engineering

    • 10 years cost estimating and cost control experience in the oil and gas industry, with 3 years in senior capacity

    Job Details

    Company/Organization: Dragon Oil

    Vacancy Type: Full-time Job

    Job Location: Dubai, United Arab Emirates

    Application Deadline: N/A