Principal Engineer - Cost Control

Job Description About the job Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world's leading energy companies.We design, build, manage, and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status, or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.The world is re-thinking its energy supply and energy security needs, planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.This is an exciting time to join us on this journey.We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?Job Title: Principal Engineer - Cost Control Key Responsibilities Establish a process of information flow concerning each expense head, such as design, equipment/material procurement, logistics, mobilization/demobilization of personnel/machineries, subcontractor costs/claims, and other relevant costs like customs, duties, liabilities, insurance, etc.Provide project cost estimates including material, manpower, equipment costs, subcontracts, third-party services, and financial costs.Coordinate with project engineers to clarify queries and discrepancies.Calculate Estimate to Complete (ETC) costs for remaining work by coordinating with different disciplines.Prepare periodic reports on incurred costs and budget variances in consultation with the supervisor or project manager.Monitor costs and generate variance reports as needed.Assess potential variations or claims from subcontractors/vendors.Participate in project review meetings and provide cost-related data.Interface with project engineers and accounts for clarifications.Propose process improvements for effective cost control.Develop a historical cost database for future reference.Provide training and guidance to junior cost control personnel.Essential Qualifications and Skills Engineering degree with at least 15 years of experience, including a minimum of five years in the cost control function of EPC medium projects, preferably in the last 2 years in the oil & gas field. #J-18808-Ljbffr