Cost Engineer

The PES Group is a group of companies operating in the engineering and services sectors, which began its activities in 1979.

It currently employs over 200 permanent engineers, with significant experience in the oil and gas, energy, renewable energy, chemical, petrochemical and automotive sectors.

The PES Group provides technical and engineering services (civil engineering, rotating machinery, static equipment, processes, HSE design, electrical instrumentation, layout and pipework), delivering over 350,000 engineering hours per year to all major oil and gas companies, EPC contractors, industrial manufacturers, etc.

PES currently has eight offices in Italy: its head office in Rosignano Solvay (LI), as well as offices in Livorno, San Donato Milanese, Florence, Rome, Bari, Vibo Marina (VV) and Gela (CL).

Abroad, the PES Group operates in three countries (the United Kingdom, the United Arab Emirates and Romania). Furthermore, a series of strategic partnerships, established across virtually every continent, support the company in providing multidisciplinary engineering, services, service management, inspections and shipments, as well as the recruitment and hiring of local staff.

These will ensure that activities relating to mechanical engineering and package works within the assigned project are carried out efficiently and cost-effectively, in accordance with contractual specifications, quality standards and safety/environmental requirements.

Posizione:

Reporting to Project service manager, the Cost Control Engineer is responsible for monitoring, analyzing, and controlling project costs to ensure delivery within the approved budget, while maintaining compliance with contractual, company, and client requirements. The role supports the Project Manager and Project Controls Manager by providing accurate cost reporting, forecasting, and variance analysis across the project lifecycle.

Key Responsibilities:

1. Cost Planning & Budgeting

• Develop the project cost control plan in alignment with the Project Execution Plan (PEP).

• Establish and maintain the Cost Breakdown Structure (CBS) and Work Breakdown Structure (WBS).

• Prepare the initial project budget based on contract, scope, and estimates.

• Allocate budgets to disciplines, departments, and subcontractors.

2. Cost Monitoring & Control:

• Track actual expenditures versus budget and commitments.

• Analyze cost trends to identify potential overruns and recommend corrective actions.

• Ensure proper cost coding and allocation of charges in the ERP system.

• Monitor subcontractor and vendor costs against agreed contracts.

3. Forecasting & Variance Analysis:

• Prepare monthly cost reports with actuals, commitments, forecasts, and variance explanations.

• Provide Estimate at Completion (EAC) and Estimate to Complete (ETC) updates.

• Conduct variance analysis for labor, materials, equipment, and subcontractor costs.

4. Change Management Support:

• Evaluate cost impacts of contract variations and change orders.

• Maintain a log of all approved and pending changes with cost implications.

• Assist in claims preparation and negotiations from a cost perspective.

5. Reporting & Communication:

• Prepare and issue weekly/monthly cost control reports for management and the client.

• Support project review meetings with updated cost performance data.

• Interface with planning, procurement, and engineering to ensure cost data accuracy.

Requisiti:

• Attention to detail and accuracy in financial data.

• Strong problem - solving and analytical abilities.

• Excellent communication and reporting skills.

• Ability to work under pressure and meet deadlines.

• Team player with cross - functional coordination skills.

Project scope responsibility distribution

• Cost Inputs: Yard fabrication,civil works,procurement,utilities,land logistics - Offshore installation,marine spread,Barge vessel hire,offshore logistics

• Key Risks: Material escalation,vendor delays,equipment standby costs - Weather delays,marine Mob/Demob costs, SIMPOS impacts

• Reporting: Fabrication Yard productivity and cost KPIs - Offshorecampaindaily cost & time charter monitoring

Minimum qualifications:

• Bachelor’s degree from an accredited university.

• Work experience of eight (8) years in the sought discipline after earning degree.

• Excellent spoken and written English including proven ability to write reports.