Cost control engineer at Ali & Sons

Abu Dhabi, Abu Dhabi Emirate, United Arab Emirates -

Full Time

Start Date

Immediate

Expiry Date

29 Jun, 26

Salary

0.0

Posted On

31 Mar, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Control, Cost Analysis, Cost Reporting, Cost to Complete (CTC), Work In Progress (WIP), Profit Recognition, Forecasting, Variance Analysis, Purchase Order Review, SAP, MS Office, Project Contracts, Cost Breakdown Structure (CBS), Change Orders, Cash Flow Forecasting, Audit Reporting

Industry

Maritime Transportation

Description

We’re Hiring: Cost Control Engineer Abu Dhabi, UAE Company Introduction Build Your Career with a Trusted Regional Leader Ali & Sons Marine Engineering Factory (ASMEF), a subsidiary of Ali & Sons Holding LLC, is a leading provider of engineering, fabrication, and ship repair services for the oil & gas and marine sectors. We are seeking a detail-oriented Cost Control Engineer to assist the Senior Cost Controller in monitoring, analyzing, and reporting project costs across multiple company projects. Key Responsibilities * Assist Senior Cost Controller in all day-to-day costing functions and ensure smooth functioning of the Cost Control Department. * Monitor and analyze all job-related costs for assigned projects. * Prepare Cost to Complete (CTC) reports for Work In Progress (WIP) jobs for profit recognition and monthly closing purposes. * Interface with Project, Production, and Commercial teams to develop forecasts and analyze project profit/loss. * Prepare cost reports for invoicing and management review for allocated projects. * Monitor actual project costs against budget and report variances. * Review Purchase Orders against budget before issuance to suppliers/subcontractors. * Prepare summarized cost reports on weekly, fortnightly, and monthly basis. * Monitor project costs booked in SAP and liaise with Finance for cost-related queries. * Examine unusual cost records and ensure correct allocation of cost data. * Maintain Variation Register for assigned projects. * Manage documentation related to Cost Control activities. * Understand project contracts, scopes, and establish Cost Breakdown Structures and budget elements. * Communicate cost control processes and routines to project teams, ensuring compliance with financial and legal requirements. * Collaborate with estimators and project teams to ensure alignment on tender budgets. * Track project progress proactively and compute Actual Cost of Work Performed (ACWP) for financial closing and profit recognition. * Produce project reports, cash flow forecasts, and variance analysis for management. * Reconcile forecasted and actual expenditures and advise management of changes impacting project spending. * Produce audit reports for internal and external audits. * Assist in analysis of variance and impact of change orders on schedule and progress. * Calculate and plan Cost to Complete (CTC) for progressive jobs. * Ensure all costs are allocated to the correct cost codes and projects. * Provide feedback to Estimation Department during project execution and closure. * Prepare supplier provisions for major contracts on a monthly basis. * Calculate standard rates and DOE periodically for the division. * Monitor and report utilization of man-hours against budget and identify remaining unsold hours. Qualifications & Experience * Education: Degree in Commerce or equivalent * Experience: 5–10 years of relevant experience in cost control, preferably within oil & gas, marine, or construction projects * Technical Skills: * Advanced MS Office skills * Hands-on experience with ERP systems, preferably SAP * Languages: Fluent in English * Competencies: * Accountability and professional integrity * Strong communication and leadership skills * Problem-solving and initiative * Adaptability and teamwork * QHSE awareness Why Join Us? * Be part of a leading marine and engineering organization in the UAE * Gain exposure to multiple high-value projects in oil & gas and marine sectors * Opportunities for professional growth and career development * Work in a structured, collaborative, and safety-focused environment * Contribute to operational excellence and cost efficiency across projects

Responsibilities

The Cost Control Engineer will assist the Senior Cost Controller in daily costing functions, monitoring, and analyzing costs for assigned projects, including preparing Cost to Complete reports and cost reports for invoicing. Key duties involve interfacing with various teams to develop forecasts, monitoring actual costs against budget, reviewing purchase orders, and ensuring correct cost allocation within SAP.