Cost Engineer (Project Management Consultancy)

Role Overview

Wood is seeking an experienced Cost Engineer to provide dedicated support to our projects in the Central & Eastern Province of Saudi Arabia. The role entails comprehensive cost estimating and management across all stages of mining projects.

Key Responsibilities

• Develop detailed cost estimates covering exploration, development, extraction, processing, and reclamation phases.
• Manage and regulate capital and operational expenses related to mining equipment, facilities, workforce, materials, and consumables to adhere to established budgets.
• Perform financial analyses, including life-of-mine cost modeling, to evaluate the economic feasibility of projects and guide decision-making processes.
• Assist with tender documentation formulation, bid assessment, and contract negotiations for mining equipment, services, and construction works to achieve optimal cost efficiency.
• Monitor actual costs against budgets, analyze cost variances, and implement measures to avoid overspending.
• Identify financial risks such as commodity price fluctuations and environmental compliance expenses, and develop contingency strategies accordingly.
• Evaluate financial impacts of design changes, scope alterations, and unforeseen site conditions; oversee related change orders.
• Prepare and present regular cost reports, forecasts, and status updates to relevant project stakeholders.
• Support procurement by assessing supplier quotations, engaging in price negotiations, and promoting cost-effective sourcing.
• Ensure adherence to environmental permit, reclamation, and regulatory compliance cost estimations and monitoring.
• Collaborate closely with geologists, mining engineers, environmental experts, and project managers to ensure cost data accurately reflects project conditions.

Candidate Profile and Qualifications

• Bachelor’s degree in Mining, Civil, Mechanical, Electrical Engineering, Quantity Surveying, Construction Management, or a related technical area.
• Advanced academic qualifications such as a Master's degree or professional certifications in Mining Engineering, Cost Engineering, or Business Administration are desirable but not mandatory.
• Certifications like Certified Cost Engineer (CCE), Certified Cost Professional (CCP) from AACE International, and Project Management Professional (PMP) certification are advantageous.
• Additional certifications in risk or environmental management are considered a plus.
• Deep understanding of cost estimation, project budgeting, mining operations, equipment, and relevant cost management software tools such as SAP, Primavera, or CostX.
• Strong capability in financial and economic modeling, feasibility evaluation, and regulatory compliance related to mining.
• Excellent analytical aptitude, problem-solving capabilities, decision-making skills, and proficiency in communication and report writing.
• Ability to thrive in cross-functional teams with high integrity, precision, and professionalism.
• A minimum of 5 to 10 years’ experience in cost estimation, cost control, and financial management specific to the mining industry with exposure to gold or similar resource extraction projects.
• Experience handling large capital projects, including equipment procurement and infrastructure development.

Employee Benefits and Corporate Values

• Comprehensive medical insurance covering specialist care for employees and eligible family members residing in Saudi Arabia, including coverage of pre-existing conditions and flexible options for enhanced coverage at the employee’s expense.
• Employee Assistance Program providing confidential counseling and support for personal and work-related issues to enhance overall wellbeing.
• Employer-paid social insurance contributions according to Saudi Arabian government legislation to cover occupational hazards.
• End of Service Gratuity benefits compliant with Saudi labor laws.
• Fully paid examination leave to attend approved educational assessments, given appropriate notice and enrollment.
• Reimbursement for one professional membership or certification annually, pertinent to the employee’s role or development plan.
• Recognition programs including annual Inspire Awards and Long Service Awards to honor hard work and commitment.
• Emphasis on career development with structured goal setting, coaching, and continuous learning opportunities.

Diversity and Equal Opportunity

The company is committed to fostering a diverse workforce and provides equal employment opportunities without discrimination based on race, gender, age, religion, nationality, disability, sexual orientation, gender identity, veteran status, or any other protected characteristic in accordance with applicable laws.