Cost Control Engineer

Purpose of the position

As a Project Cost Controller, you will be a key member of the Project Controls Department at Saipem America Inc. Your primary responsibility is to manage and control project costs by establishing a reliable cost control system. You will support the Project Manager in decision-making to ensure projects remain within approved budgets. This includes early detection and analysis of budget deviations, estimating their impact, and monitoring corrective actions.

How can you support us?

• Cost Management: Implement and maintain the Cost Control System. Develop and manage a consolidated Cost Breakdown Structure (CBS) in accordance with procedures. Track project expenditures and monitor adherence to budgets and financial plans.

• Financial Reporting: Prepare accurate and timely cost reports, including analysis of actual costs against budget and forecasts.

• Cost Analysis: Identify cost variances, investigate potential overruns, and propose mitigation measures. Monitor project progress and earned value to calculate cost accruals and work-in-progress valuations.

• Forecasting: Develop cost forecasts for future phases of the project to support effective planning and resource allocation.

• Project Risk: Contribute to risk assessments by providing cost-related inputs and performing Monte Carlo analysis.

• Change Management: Support the project team during contract changes and claims processes by providing detailed cost impact analyses.

• Communication: Collaborate with Project Managers, Engineers, and stakeholders to communicate cost performance and address financial issues.

• Compliance: Ensure all cost control activities comply with corporate policies, procedures, and reporting standards.

What are we looking for?

• Education: Bachelor’s degree in Engineering, Construction Management, Accounting, Finance, or a related field

• Background: 3+ years in cost control, project controls, project management, or a related discipline

• Languages: English

• Technical Knowledge: In-depth knowledge of Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) implementation. Proficiency in cost control techniques and financial analysis. Advanced Excel skills; experience with SAP and other cost control systems. Strong analytical, problem-solving, and interpersonal skills. Excellent communication abilities for cross-functional collaboration.