Cost Engineer (PMC)

Cost Engineer (PMC) – Join a Global Leader in Energy & Industrial Solutions

John Wood Group PLC, a renowned multinational company specializing in energy and industrial solutions, is seeking a highly skilled and motivated Cost Engineer (PMC) to contribute to its dynamic projects in Saudi Arabia. This is an exceptional opportunity for professionals who thrive in a fast-paced, collaborative environment and are passionate about delivering excellence in project management and cost control.

Key Responsibilities

As a Cost Engineer within our Project Management Consultancy (PMC) team, you will play a pivotal role in ensuring the financial integrity and efficiency of our projects. Your core responsibilities will include:

• Cost Estimation & Budgeting: Develop accurate cost estimates, budgets, and forecasts for projects, ensuring alignment with client requirements and organizational objectives. Utilize industry-standard methodologies and tools to provide reliable financial projections.
• Cost Control & Monitoring: Implement robust cost control measures to track expenditures, identify variances, and recommend corrective actions to mitigate financial risks. Maintain real-time visibility into project costs to support informed decision-making.
• Procurement Support: Collaborate with procurement teams to evaluate vendor bids, negotiate contracts, and ensure cost-effective sourcing of materials and services. Analyze market trends to optimize procurement strategies.
• Risk Assessment & Mitigation: Conduct thorough risk assessments to identify potential cost overruns and develop mitigation plans. Proactively address challenges to safeguard project profitability and schedule adherence.
• Reporting & Documentation: Prepare detailed cost reports, variance analyses, and financial presentations for stakeholders, including clients, senior management, and project teams. Ensure compliance with regulatory and company standards.
• Stakeholder Collaboration: Work closely with cross-functional teams, including engineers, project managers, and finance professionals, to align cost management strategies with project goals. Foster a culture of transparency and accountability across all levels.
• Continuous Improvement: Identify opportunities to enhance cost efficiency through process optimization, technology adoption, and best practices implementation. Contribute to the evolution of our cost management frameworks.

Qualifications & Experience

To excel in this role, you should possess the following qualifications and experience:

• Education: Bachelor’s degree in Engineering, Finance, Economics, or a related field. A Master’s degree or professional certification (e.g., PMP, CCP) is a plus.
• Experience: Minimum of 5 years of relevant experience in cost engineering, project controls, or a similar role within the energy, construction, or industrial sectors. Experience in a PMC environment is highly desirable.
• Technical Skills: Proficiency in cost estimation software (e.g., Primavera, MS Project, SAP), spreadsheet tools (Excel, Power BI), and financial modeling. Familiarity with industry standards such as AACE International’s Recommended Practice No. 18R-97 is advantageous.
• Analytical & Problem-Solving: Strong analytical skills with the ability to interpret complex financial data and translate insights into actionable strategies. A proactive approach to problem-solving and decision-making.
• Communication & Leadership: Excellent verbal and written communication skills, with the ability to present technical information clearly to diverse audiences. Demonstrated leadership in driving cost-saving initiatives and fostering team collaboration.
• Cultural Adaptability: Ability to thrive in a multicultural and dynamic work environment, with a commitment to upholding the highest standards of professionalism and integrity.

Why Join John Wood Group PLC?

By joining our team, you will become part of a global organization committed to innovation, sustainability, and operational excellence. At John Wood Group PLC, we offer:

• Career Growth: Access to world-class training programs, mentorship opportunities, and a clear path for professional advancement in a rapidly evolving industry.
• Competitive Compensation: A comprehensive benefits package, including competitive salaries, performance bonuses, and long-term incentives aligned with company success.
• Work-Life Balance: Flexible work arrangements and a supportive organizational culture that prioritizes employee well-being and work-life integration.
• Impactful Projects: The chance to work on high-profile projects that shape the future of energy and industrial infrastructure, contributing to global sustainability goals.
• Diversity & Inclusion: A diverse and inclusive workplace where your unique perspectives are valued, and collaboration is celebrated.

If you are a results-driven professional seeking a challenging and rewarding career in cost engineering, we invite you to apply and take the next step in your professional journey with John Wood Group PLC.