Responsibilities - Upload approved budgets to Oracle following estimation team handover - Review and approve purchasing requests against budget allocations - Prepare budget change requests when required - Review monthly project accruals for subcontracting and service providers - Maintain provisions for accruals before month closing - Review manpower timesheets with planning engineers before system upload - Prepare monthly three-month cost forecasts - Coordinate with estimation team on near-term forecast considerations - Report revenue declaration compared to planned revenue - Update invoice plans based on actual progress - Calculate and report unbilled revenue - Ensure all declared revenue is supported by appropriate documentation - Collaborate with planning engineers to align physical and financial progress reporting - Prepare financial progress sections of project reports - Present financial status and forecasts at Monthly Progress Review meetings - Utilize planning outputs to prepare revenue forecasts and invoicing plans - Validate schedule feasibility against budget constraints - Participate in handover meetings for high-value projects Qualifications - Minimum 5 years of experience as a Cost Control Engineer in EPC projects - Proficient in financial management systems (e.g., Oracle, SAP) - Strong understanding of cost control principles in EPC project environments - Experience in budget management, accrual accounting, and financial forecasting - Demonstrated ability to analyze cost variances and recommend corrective actions - Experience in revenue recognition and earned value management - Strong analytical and quantitative skills - Excellent attention to detail and accuracy in financial reporting - Experience in multi-discipline coordination within EPC environment

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cost control engineer

, , Saudi Arabia

5.0 - 12.0 yrs

INR 21 - 24 Lacs

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