Cost Engineer

Cost Engineer – Drive Strategic Value at Faoz Industrial Equipment Company

Join Faoz Industrial Equipment Company in Jeddah as a **Cost Engineer**, where you will play a pivotal role in optimizing project economics, enhancing cost efficiency, and delivering measurable financial impact across our industrial portfolio. In this dynamic position, you will collaborate with cross-functional teams to ensure projects are executed within budget while maintaining high standards of quality and performance. This is an opportunity to leverage your analytical expertise to shape cost-effective solutions that align with our strategic objectives and drive sustainable growth.

As a Cost Engineer at Faoz Industrial Equipment Company, your responsibilities will span the entire lifecycle of industrial projects, from initial planning and feasibility studies to execution and post-implementation analysis. You will be tasked with developing detailed cost estimates, identifying cost-saving opportunities, and implementing robust cost-control methodologies to mitigate financial risks. Your ability to analyze complex data, interpret industry trends, and propose actionable recommendations will be instrumental in ensuring our projects remain competitive and profitable.

Key Responsibilities:

• Cost Estimation and Planning: Prepare accurate and comprehensive cost estimates for new projects, expansions, or modifications, utilizing industry benchmarks, historical data, and cost-engineering principles. Ensure alignment with project timelines and budgetary constraints.
• Cost Control and Monitoring: Implement and oversee cost-control mechanisms throughout project execution, tracking deviations and recommending corrective actions to maintain financial discipline. Utilize cost-management tools and software to enhance transparency and accountability.
• Risk Assessment and Mitigation: Identify potential cost risks—such as material fluctuations, labor inefficiencies, or supply chain disruptions—and develop mitigation strategies to safeguard project profitability.
• Value Engineering: Collaborate with engineering and procurement teams to identify cost-effective alternatives without compromising performance, safety, or regulatory compliance.
• Reporting and Analysis: Generate insightful cost reports, variance analyses, and financial forecasts to inform decision-making at all levels of the organization. Present findings clearly to stakeholders, including executives and project managers.
• Stakeholder Engagement: Act as a trusted advisor to project teams, providing expert guidance on cost-related decisions and fostering a culture of cost awareness across departments.
• Compliance and Documentation: Ensure all cost-related documentation adheres to company policies, industry standards, and regulatory requirements. Maintain meticulous records for audits and future reference.

Why Join Faoz Industrial Equipment Company?

At Faoz Industrial Equipment Company, we are committed to excellence in engineering and innovation. As a Cost Engineer, you will:

• Contribute to high-impact projects that drive industrial advancement in Saudi Arabia and beyond.
• Work in a collaborative environment with a team of experienced professionals who value expertise and continuous learning.
• Develop your career in a dynamic sector with opportunities for professional growth and exposure to cutting-edge technologies.
• Experience the satisfaction of delivering projects that balance financial prudence with operational excellence.

If you are a detail-oriented professional with a passion for cost optimization, strategic financial analysis, and project success, we invite you to apply and be part of our mission to redefine industrial standards. Join us in Jeddah and make a lasting impact on the future of industrial equipment.