Estimator/Cost Engineer

Estimator/Cost Engineer

Location

Milan, Italy

Contract Type

Contract Position

Start Date

September 2026

Duration/End

January 2028

Project Phase

Detail Design EPC

Project Scope of Work

Located approximately 20 km to the east of the Gulf line and about 12 km southwest of the existing Safaniyah GOSP-1 facility, the objective of this Budget Item is to provide water supply from three sources: the existing Safaniyah GOSP-1, the new Zuluf AH Central Processing Facility (CPF), and Jaladi aquifer water for treatment and injection. The facility will process 1,400MBCD of water for injection to cover the production forecast up to 2035 and ultimately maintain the existing Safaniyah Field's Maximum Sustainable Capability (MSC). The scope will also expand water facilities in Safaniyah GOSP-1 to accommodate surplus produced water exceeding the overall existing formation water system capacity up to 2035.

Ideal candidate

Hybrid role with a primary focus on Cost Engineering

Job Description

The position is split between estimating and cost engineering. Estimator is more of an engineering discipline, gained through practical project execution experience. Estimators use this expertise to review engineering drawings and breakdown the Scope of Work (SOW) into tasks. These tasks are then quantified and priced using client schedules, WUR rates, TUR, or established benchmark prices from the market to generate comprehensive cost estimates for additional Scopes of Work or change orders.

Main day-to-day responsibilities

• CAPEX Planning: Prepare comprehensive capital expenditure (CAPEX) plans and operational expenditure forecasts.
• Budget Tracking & Variance Analysis: Track actual project costs against approved budgets to monitor variances.
• Cash Flow Management: Monitor and optimize monthly and annual cash flows for the division.
• Change Order Management: Evaluate and support change order requests, ensuring timely approval and accurate cost adjustments.
• Contractor Payment Administration: Collaborate with the contracting team to process and verify retention releases and advance payment requests from contractors.
• Invoice Processing & Compliance: Review and process contractor invoices and payment certificates, ensuring strict adherence to contract terms and supporting documentation requirements.
• Financial Record Keeping: Develop and maintain a comprehensive invoice log.
• Accruals & Reconciliation: Calculate monthly project accruals and reconcile them against actual invoices for accurate reporting.
• Cost Reporting: Update Capital Dashboard.

Key Responsibilities and Duties

• Communicate assigned project issues/concerns directly to Project Manager, (Sr. Cost Engineer), and Business Administrator.
• Develop and maintain cost reports, cash flow and contingency analyses for individual projects.
• Provide cost estimates.
• Administer Change Orders and Bid box as required by procedure.
• Estimate costs of positive/negative scope changes and assess impact on total project cost; work with estimators for assistance if needed.
• Ensure accurate reflection of committed/spent funds, Change Alerts, Project deviation notices, field change orders, and project execution changes in all cost documents relating to the construction phase.
• Assist with managing existing and amended AEL values.
• Liaise with Human Resource Department to monitor office space billable to the project, ensuring the project is not billed for unused space.
• Derive accurate and realistic forecast of all funds required to complete the project within the defined budget and schedule, incorporating trending and analysis, and consult with Project Manager prior to publishing.
• Ensure accurate representation of cost data in weekly, monthly, and ad hoc reporting.
• Alert Coordinating Cost Management Office, Business Management Office, and project team to critical Cost Management issues.
• Provide assistance for additional cost management related studies and scenarios if required.
• Prepare and update monthly project updates (MPU).
• Review Contractor Progress Payment Certificates for Engineering, Procurement, and Construction.
• Process Service Entry Sheets through SAP once invoice is approved.
• PO creation and WBS corrections through SAP.
• Monitor, analyze, and verify project Controllable Costs monthly through Operating Statement Dashboard.
• Change Management (follow the process from COR to settlement).

Requirements

• Essential experience: Understanding of Aramco procedure to complete tasks successfully, working with PMOD and department as hybrid in both roles.
• Specific systems experience: Aramco SAP system, Capital Dashboard, EPM, e-market place, Power BI
• Undergraduate degree in a relevant discipline
• 5-10 years' experience in the Cost Management field; minimum 3 years on Saudi Aramco Projects
• Capacity for analysis and skills for desktop application
• Good knowledge of English, both written and verbal
• Mega Capital Projects experience preferred

• Adapt & Learn
• Plan & Organize
• Analyze & Solve Problems
• Communicating openly & effectively
• Excellence/ Drive for results