Cost control engineer

We’re Hiring: Cost Control EngineerAbu Dhabi, UAECompany IntroductionBuild Your Career with a Trusted Regional LeaderAli & Sons Marine Engineering Factory (ASMEF), a subsidiary of Ali & Sons Holding LLC, is a leading provider of engineering, fabrication, and ship repair services for the oil & gas and marine sectors. We are seeking a detail-oriented Cost Control Engineer to assist the Senior Cost Controller in monitoring, analyzing, and reporting project costs across multiple company projects.Key ResponsibilitiesAssist Senior Cost Controller in all day-to-day costing functions and ensure smooth functioning of the Cost Control Department.Monitor and analyze all job-related costs for assigned projects.Prepare Cost to Complete (CTC) reports for Work In Progress (WIP) jobs for profit recognition and monthly closing purposes.Interface with Project, Production, and Commercial teams to develop forecasts and analyze project profit/loss.Prepare cost reports for invoicing and management review for allocated projects.Monitor actual project costs against budget and report variances.Review Purchase Orders against budget before issuance to suppliers/subcontractors.Prepare summarized cost reports on weekly, fortnightly, and monthly basis.Monitor project costs booked in SAP and liaise with Finance for cost-related queries.Examine unusual cost records and ensure correct allocation of cost data.Maintain Variation Register for assigned projects.Manage documentation related to Cost Control activities.Understand project contracts, scopes, and establish Cost Breakdown Structures and budget elements.Communicate cost control processes and routines to project teams, ensuring compliance with financial and legal requirements.Collaborate with estimators and project teams to ensure alignment on tender budgets.Track project progress proactively and compute Actual Cost of Work Performed (ACWP) for financial closing and profit recognition.Produce project reports, cash flow forecasts, and variance analysis for management.Reconcile forecasted and actual expenditures and advise management of changes impacting project spending.Produce audit reports for internal and external audits.Assist in analysis of variance and impact of change orders on schedule and progress.Calculate and plan Cost to Complete (CTC) for progressive jobs.Ensure all costs are allocated to the correct cost codes and projects.Provide feedback to Estimation Department during project execution and closure.Prepare supplier provisions for major contracts on a monthly basis.Calculate standard rates and DOE periodically for the division.Monitor and report utilization of man-hours against budget and identify remaining unsold hours.Qualifications & ExperienceEducation: Degree in Commerce or equivalentExperience: 5–10 years of relevant experience in cost control, preferably within oil & gas, marine, or construction projectsTechnical Skills:Advanced MS Office skillsHands-on experience with ERP systems, preferably SAPLanguages: Fluent in EnglishCompetencies:Accountability and professional integrityStrong communication and leadership skillsProblem-solving and initiativeAdaptability and teamworkQHSE awarenessWhy Join Us?Be part of a leading marine and engineering organization in the UAEGain exposure to multiple high-value projects in oil & gas and marine sectorsOpportunities for professional growth and career developmentWork in a structured, collaborative, and safety-focused environmentContribute to operational excellence and cost efficiency across projects#J-18808-Ljbffr