Overview
Cost Engineer Jobs in Doha, Qatar at NES Fircroft
Job Title
Cost Engineer
Reporting To
Lead Cost Controller
Job Purpose
Support cost control activities across major multi-year engineering projects by managing budgets, commitments, invoicing, and financial reporting. Ensure accurate cost tracking and alignment with project objectives and financial standards.
Key Responsibilities Budget & Cost Control
- Prepare and manage annual budgets in coordination with internal stakeholders.
- Monitor budget utilization and control availability against commitments.
- Track expenditures, identify trends, and explain variances between forecast and budget.
- Maintain cost registers for commitments, expenditures, and forecasts across all contracts and purchase orders.
- Perform detailed cost analysis and reporting.
Financial Systems & Reporting
- Input and manage cost data in ERP systems (e.g., SAP) including commitments, payment schedules, invoices, and timesheets.
- Coordinate with finance teams to ensure proper allocation of shared and general costs.
- Prepare monthly cost reports, including accruals aligned with project progress.
Invoicing & Payment Management
- Implement and manage invoicing processes across project locations.
- Review and monitor invoices to ensure timely processing and payment.
- Liaise with accounting teams to resolve invoice issues and ensure accuracy.
Procurement Support
- Review and validate Purchase Requisition s (PRs) and Purchase Orders (POs).
- Identify discrepancies and propose corrective actions.
- Support continuous improvement by applying lessons learned in procurement workflows.
Stakeholder Coordination
- Collaborate with finance, procurement, and project teams on cost-related matters.
- Act as a key interface for cost control across multiple project functions.
- Support cost transparency and promote cost-conscious practices across the organization.
Governance & Compliance
- Ensure compliance with HSE policies, company procedures, and industry best practices.
- Maintain confidentiality of financial and project data.
- Support internal controls, audits, and reporting requirements.
Key Deliverables
- Accurate budget planning and cost tracking
- Timely financial reporting and monthly closures
- Efficient invoicing and payment processes
- Reliable cost forecasts and variance analysis
Project Context
- Large-scale, multi-year offshore development projects including platform installations, pipelines, and infrastructure upgrades
- Multiple projects executed simultaneously across international locations
- High-value CAPEX program (multi-billion USD investment)
Qualifications & Experience
- Degree in Finance, Economics, Business Administration, Engineering, or related field
- Minimum 6 years of experience in cost control, preferably in Oil & Gas or large EPC projects
- Strong knowledge of:
- SAP or similar ERP systems
- Excel, Power BI, and reporting tools
- Experience in budgeting, forecasting, and financial analysis
- Good analytical and problem-solving skills
- Strong communication and stakeholder management abilities
- Fluent in English
Core Competencies
- Stakeholder collaboration and communication
- Analytical thinking and attention to detail
- Adaptability in complex project environments
- Accountability and continuous improvement mindset
- Ability to work in multicultural and cross-functional teams
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Title: Cost Engineer
Company: NES Fircroft
Location: Doha, Qatar
Category: