Cost Engineer

We are seeking an experienced and analytically rigorous Cost Engineer to join our dynamic project controls team in Makkah Saudi this role you will take ownership of project cost management driving budget performance and ensuring financial accountability across all phases of our engineering procurement and construction initiatives. You will work collaboratively with cross-functional teams to deliver transparent accurate cost reporting and drive informed decision-making throughout the project lifecycle. This is an excellent opportunity for a seasoned professional who thrives in a fast-paced goal-oriented environment and is committed to supporting project success through meticulous cost management strategic analysis and continuous process improvement.

• Take ownership of cost tracking commitments actuals and incurred costs against approved budgets ensuring accuracy and transparency across all project phases
• Monitor and analyse cost performance throughout engineering procurement construction and commissioning stages identifying variances trends and emerging risks
• Validate invoices progress claims and contractor payment applications against work performed with rigorous attention to detail supporting cost claim management and dispute resolution
• Prepare comprehensive weekly and monthly cost reports including detailed cost summaries variance analysis and forecast updates tailored to stakeholder requirements
• Proactively highlight cost trends deviations from budget and potential risks to project stakeholders supporting strategic decision-making and mitigation planning
• Lead the preparation of cash flow forecasts and cost-to-complete analyses applying advanced forecasting methodologies to guide project planning and resource allocation
• Evaluate and analyse change notices change orders and emerging trends assessing their cost impacts and supporting change management processes
• Assess cost implications of scope changes schedule delays and productivity variances providing data-driven recommendations to project leadership
• Maintain accurate change management logs and ensure strict alignment with established project controls procedures and governance frameworks
• Lead Earned Value Management (EVM) calculations and drive integration between cost and schedule metrics ensuring alignment across project controls disciplines
• Conduct in-depth analysis of cost and schedule variances preparing performance indices (CPI SPI) and trend forecasts for stakeholder review and strategic planning
• Collaborate strategically with planning teams to ensure accurate progress measurement cost tracking and integrated project controls
• Maintain and optimise project cost databases with meticulous attention to data accuracy integrity and accessibility
• Lead implementation and optimisation of cost control software and tools including Excel ERP systems and project controls platforms driving process improvements and system enhancements
• Develop and maintain advanced cost tracking templates and reporting dashboards to enhance visibility efficiency and stakeholder engagement
• Work closely with project managers discipline leads procurement teams and contractors to validate cost information and resolve discrepancies
• Participate actively in project progress meetings providing strategic cost insights and supporting collaborative problem-solving at all organisational levels
• Support internal and external audits related to cost control demonstrating transparency organisational excellence and regulatory compliance
• Mentor junior cost engineers and support the development of cost control team capabilities fostering a culture of continuous improvement and professional excellence

Qualifications :

**Required Qualifications:**

• Bachelors degree in Engineering Finance Accounting Construction Management or related field
• Minimum 7 years of professional experience in cost control cost engineering or project controls
• Extensive experience working on large-scale EPC/EPCM projects in mining oil & gas energy infrastructure or industrial sectors
• Advanced proficiency in Microsoft Excel including pivot tables complex formulas and sophisticated dashboard development
• Demonstrated expertise with cost control systems such as Prism EcoSys SAP Oracle or similar enterprise platforms
• Strong analytical and quantitative skills with exceptional attention to detail and data integrity
• Comprehensive understanding of project progress measurement forecasting methodologies and change management processes
• Advanced proficiency in Earned Value Management (EVM) principles calculations and strategic applications
• Excellent communication and documentation skills with proven ability to present complex cost data clearly to diverse stakeholders
• Proven ability to work independently and collaboratively while effectively supporting multiple stakeholders and project teams
• Strong organizational skills and demonstrated capability to manage multiple priorities and competing demands in fast-paced environments
• Strategic problem-solving mindset with capability to analyze cost trends identify root causes and recommend data-driven solutions
• Resilience and adaptability when working in dynamic complex project environments

**Preferred Qualifications:**

• Masters degree in a related field
• Experience mentoring junior cost engineers or leading cost control teams
• Proven expertise in invoice validation payment application review and cost claim management
• Advanced knowledge of forecasting methodologies and cost-to-complete analysis techniques
• Extensive experience with multi-discipline industrial projects and complex matrix-managed EPC/EPCM environments
• Track record of supporting internal and external project audits and regulatory compliance reviews
• Professional certification in project management or cost engineering (PMP AACE or equivalent)
• Experience implementing or optimizing cost control systems and process improvements

Additional Information :

About AECOM 

AECOM is proud to offer comprehensive benefits to meet the diverse needs of our employees. Depending on your employment status AECOM benefits may include medical dental vision life AD&D disability benefits paid time off leaves of absences voluntary benefits perks flexible work options well-being resources employee assistance program business travel insurance service recognition awards retirement savings plan and employee stock purchase plan. 

AECOM is the global infrastructure leader committed to delivering a better world. As a trusted professional services firm powered by deep technical abilities we solve our clients complex challenges in water environment energy transportation and buildings. Our teams partner with public- and private-sector clients to create innovative sustainable and resilient solutions throughout the project lifecycle from advisory planning design and engineering to program and construction management. AECOM is a Fortune 500 firm that had revenue of $16.1 billion in fiscal year 2025. Learn more at . 

What makes AECOM a great place to work 

You will be part of a global team that champions your growth and career ambitions. Work on groundbreaking projects - both in your local community and on a global scale - that are transforming our industry and shaping the future. With cutting-edge technology and a network of experts youll have the resources to make a real impact. Our award-winning training and development programs are designed to expand your technical expertise and leadership skills helping you build the career youve always envisioned. Here youll find a welcoming workplace built on respect collaboration and community - where you have the freedom to grow in a world of opportunity. 

As an Equal Opportunity Employer we believe in your potential and are here to help you achieve it. All your information will be kept confidential according to EEO guidelines. 

Remote Work :

No

Employment Type :

Full-time