Senior Cost Estimation and Control Engineer

Posted 11 months ago by mselect
Location Basrah Job Type
Salary Sector Oil & Gas
MSELECT is looking to hire a Senior Cost Estimation and Control Engineer for an international oil and gas operator in Basrah. Candidates must have a minimum of 7 years of relevant experience. Fluency in English is a must.
  • Perform Cost Control Services including but not limited to those of cost estimating, budget preparation and control, payment document review, cost forecasting, cost reporting and cost risk analysis
  • WP&B preparation and monthly WP&B performance report
  • Assistance on audit from BOC, FPs
  • Cost estimation for EPCC projects and LLIs, workshop with BOC/MoO
  • Unit rate cost and cost index database setup and management

  • To prepare annual Work Program &Budget Plan (WP&B)
  • To prepare and verify the cost estimation for EPCC and LLIs
  • To take part in the commercial evaluation and contract negotiation if required
  • To control budget allocation in compliance with approved WP&B
  • To get cost approval for EPCC and LLIs from MCT (Ministry Cost Team)
  • To check/expedite the invoice and submit payment request to Finance Dept
  • To suggest the payment and invoice submission per Company net cash status
  • Provide cost control and planning advice to the internal PMT team as and when required
  • Provide costing interface to all internal Company departments associated with the project
  • To close contracts payment when all conditions are met
  • To aid on audit, providing explanations, supporting documents, audit issues closeout;
  • To advise and supervise PMC staff in budget and cost issues
  • Attend project meetings and discussions with the PMT and external clients
  • Perform project costing related reporting to the team and management’s review on a monthly basis
  • Producing regular cost reports and advising Manager of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner
  • Producing Highlighting cost areas of concern and suggesting areas of improvement
  • Maintaining comprehensive accessible registers of financial approvals, variations and change orders
  • Liaising with the finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification
  • Ensure that all cost related work follows procurement contract(s)
  • To take lead to focus on audit from FPs and BOC and coordinate needful resource
  • To carry out other works as advised by managers


  • Budget issue with Company’s Planning Dept and finance, audit
  • Team Leaders and Finance Departments for budget and cost issues
  • Contract and Planning for work status and issues to be decide or settled by Manager or higher level management
  • Communicate with Company’s planning and finance department about WP&B and cost recovery
  • Frequent contacts with GES, EPC Contractors and LLI Vendors
  • Monitoring the cost payment and invoice submission
  • Regular contacts with PMC
  • Communicate with BOC, FPs about audit issues
Minimum Qualifications:
  • Education in international trade, project management, engineering or economics
  • Proven experience
Minimum Experience:
  • Over 7 years’ experience, about 5 years in oil industry, 3 years’ experience in recent large oil fields projects in Iraq
  • Demonstrated experience in USD 100 million plus capital projects

Job-Specific Skills:
  • Good knowledge of office software and OA application
  • Fluency in English oral and writing, understanding and spoken
  • Demonstrate strong interpersonal, communication and presentation skills
  • Strong analytical and problem?solving skills and meticulous
  • Possess good project background
  • Pro?active working style and with team work spirit is essential
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.

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