Cost Engineer

Description

Summary: Seeking an experienced SURF Cost Engineer to manage budget, control costs, and prepare detailed financial reports for Oil & Gas projects, ensuring compliance and efficient financial operations. Highlights: 1. Promote and comply with applicable safety instructions and HSE procedures. 2. Manage budget control, commitment tracking, and cost analysis. 3. Supervise contractor cost control activities and ensure efficient invoicing. Category: Engineer Industry: Oil \& Gas City/Country: Doha, Qatar Location: Doha We are looking for a **SURF Cost Engineer** for one of our clients with the following details: **Start Date: 01\-APR\-2026** **End Date: 28\-FEB\-2028** **Location: Doha, Qatar** **Work status: Residential, Single** QUALIFICATIONS \& EXPERIENCE * Degree in Economics or equivalent * Minimum 10 years' experience in similar activities for Oil \& Gas projects. * Advanced knowledge \& experience in use of relevant computer systems (SAP, S4Hana, Power BI, Excel, Word, PowerPoint and MS\-Access) * EPC Contracts mechanisms * Fluency in English ACTIVITIES HSEQ * To promote \& comply with applicable safety instruction and other Company HSE procedures in all activities * To carry out work in compliance with Company values and policies, relevant laws and regulations, agreed Company priorities and objectives, Company standards and procedures and good industry practices * To treat all information obtained during course of the work with confidentiality Budget * To prepare for review the detailed annual budget and revisions in liaison with various internal entities and adhering to COMPANY budget standard format provided by finance department. * To participate in the presentation and to defend the budget performance as required. * To control budget availability for each commitment. * To ensure budget control, highlight current trends and justify variances between Forecast and Budget. * To establish register, to update, monitor and control the commitments, expenditure incurred and forecast for all contracts and purchase orders managed by Major Projects. * To perform specific Cost Analysis as required. * To provide input to the SAP/S4Hana system, regarding commitments, service entry sheets, payment schedule, invoicing, and cost control issues, as required Closure: * To prepare the monthly closure and make sure accruals done in SAP system are in accordance with current project(s) progress and milestones. * To prepare all necessary documents as necessary for compliance regarding accruals. Cost reporting: * To issue a detailed internal and external monthly cost report (Trends, Areas of Concern, Budget Variance analysis, Commitment/Expenditure figures, forecast at completion etc.) with comments and advise Project Management on cost over\-runs in a timely manner * To ensure correct and auditable records of all matters with Project expenditures, contracts, budgets, cash flows, forecasts, etc. * To act as the interface with the COMPANY Finance entity and provide them with data for incorporation in corporate financial documents * To supervise the contractors and suppliers cost control activities Invoicing: * To implement an efficient invoicing process between the different locations of the project * To check and monitor invoices, in liaison with COMPANY accounting department to enable timely payment of invoices Organization: * To develop, communicate and implement procedures to ensure the efficient organization and operation of the Project budget and cost control activities * To advise, during project setup post award, contractors on key commercial requirements (invoicing format and submission, cost reporting etc.) * To anticipate additional requirements for cost control support during execution of the project(s) General: * To promote cost consciousness within the entity * To ensure confidentiality is being kept as per sensitive data * To liaise with internal and external auditors for cost justification * To prepare the required cost recovery related documentation * To liaise actively with COMPANY Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes) * To prepare commercial close out of each contract and archive all financial documentation as per COMPANY guidelines * To carry out any other duties or tasks that may be assigned by hierarchical superiors