JOB DESCRIPTION / ROLE
We are seeking an experienced Cost Control Manager with strong expertise in oil & gas EPC projects. The role will be responsible for cost planning, budget control, expenditure monitoring, and cost reporting throughout the project lifecycle, ensuring alignment with contractual and financial requirements.
Key Responsibilities:
–Develop, implement, and maintain detailed project budgets and cost baselines in alignment with the project's Work Breakdown Structure (WBS).
–Establish and maintain a robust cost monitoring system to track all project expenditures (e.g., materials, equipment, labor, subcontractors) against the approved budget.
–Perform cost analysis, variance analysis, and forecasting to support management decision-making.
–Ensure accurate tracking and reporting of project costs, including subcontractor and vendor costs.
–Supervise execution of contractual cost-related terms and conditions, ensuring compliance.
–Assess the financial impact of project changes, trends, and potential claims.
–Ensure all changes are properly documented, approved, and reflected in the updated budget and forecast
–Coordinate with project management, engineering, procurement, and finance teams to ensure cost control objectives are achieved.
–Prepare regular cost control reports and present cost performance to senior management.
–Identify and quantify potential cost risks and opportunities, and Participate in risk review workshops
Requirements:
–Bachelor's degree or above in any discipline.– A minimum of 8 years of progressive experience in cost control, project controls, or commercial management
–Strong knowledge of cost control principles, budgeting, and forecasting in EPC environments.
–Proficient in cost control software and MS Office tools.
–In-depth knowledge of project controls principles (WBS, EVM, EAC), accounting, and oil & gas project lifecycles.
–Strong analytical and problem-solving skills, with ability to provide cost insights to management.
–Excellent communication and cross-functional coordination abilities.
–Arabic language skills preferred.
ABOUT THE COMPANY
China CAMC Engineering Co. Ltd (CAMCE, stock code 002051) is affiliated to SINOMACH, an important state-owned backbone enterprise directly under the management of the central government. CAMCE has established more than 40 branches domestically and more than 70 branches overseas, with over 4000 employees (including foreign employees) both domestically and internationally.
In the past two decades, CAMCE focuses on three core business: design consultation and project contracting, development and application of advanced engineering technology and equipment, and project investment and operation, CAMCE is committed to providing its clients with comprehensive service including survey and design, planning consultancy, financing and investment, equipment supply and procurement, construction and project management, operation and maintenance, etc. CAMCE has completed more than a hundred EPC turnkey projects over 70 countries and regions around the world.
CAMCE has made notable achievements in the oil and gas sector, particularly through its landmark Block-9 CPF Oil & Gas project in Iraq. The project includes the construction of a central crude oil processing facility with a capacity of 100,000 barrels per day (BPD), and a natural gas processing facility with a capacity of 130 million standard cubic feet per day (MMSCFD). The oil package of the project was put into operation 3 days ahead of schedule on April 27, 2024, and the gas package was put into operation 15 days ahead of schedule on December 15, setting a record for the shortest construction period of similar projects in Iraq. At the same time, it accomplished the "Four Zeros" Goal of Zero injuries, Zero pollution, Zero incidents, Zero safety accountability incidents and received high praise from the Iraqi Ministry of Oil and project stakeholders.
