Senior Cost / Budget Controller

Senior Cost / Budget Controller Penspen is a leading energy services company, providing engineering, project management, asset management and integrity services to the energy industry worldwide for over 70+ years. Originally founded in the UK in 1954 as Spencer & Partners, the company has now grown to include almost 1,000 members of staff, with major offices in London, Mexico, Colombia Houston and Abu Dhabi, Saudi Arabia, Kuwait. (https://www.penspen.com) About the job: Provide overall cost management and budget control oversight for the project, ensuring EPC contractor financial performance aligns with approved budgets and contractual commitments. Review cost estimates, budgets, commitments, and forecasts submitted by the EPC contractor. Lead cost reviews, validate progress and cost reports, and provide variance analysis and recommendations. Evaluate contractor cost control procedures, ensuring compliance with PMS and Client requirements. Support the Project Controls Manager in developing cost baselines, change control procedures, and cash flow forecasting. Review and validate claims, invoices, and variation orders for accuracy and contract compliance. Prepare monthly cost performance summaries and support final cost closeout and lessons learned documentation. Education & years of Experience: Alternative (I): Bachelor's Degree in Engineering/Quantity Surveying/Administration/Business or Equivalent closely related field. Alternative (II): Diploma or Equivalent with a Certificate from a recognized agency in project cost related expertise. Alternative (I): Ten (10) Years Alternative (II): Fourteen (14) years A minimum of Six (6) years Project cost engineering experience for major Oil and Gas/Petrochemical projects. Capable of evaluating and consulting on project cost accounting. The job location will be based on Alkhafji - KSA. If you have the skills and are interested, please apply on the link below - https://careers.penspen.com/vacancy/senior--cost--budget-controller-611495.html#hs_show_apply_popup=true #LI-BA1 Location Khafji Job Family Administration Type of Contract Fixed Term Contract Full/Part time Full Time Region (current) Middle East Closing Date 31/12/2026 Ref No 16039

Bachelor's Degree in Engineering/Quantity Surveying/Administration/Business or Equivalent closely related field. Diploma or Equivalent with a Certificate from a recognized agency in project cost related expertise. Ten (10) Years experience or Fourteen (14) years experience. A minimum of Six (6) years Project cost engineering experience for major Oil and Gas/Petrochemical projects. Capable of evaluating and consulting on project cost accounting.

Provide overall cost management and budget control oversight for the project, ensuring EPC contractor financial performance aligns with approved budgets and contractual commitments. Review cost estimates, budgets, commitments, and forecasts submitted by the EPC contractor. Lead cost reviews, validate progress and cost reports, and provide variance analysis and recommendations. Evaluate contractor cost control procedures, ensuring compliance with PMS and Client requirements. Support the Project Controls Manager in developing cost baselines, change control procedures, and cash flow forecasting. Review and validate claims, invoices, and variation orders for accuracy and contract compliance. Prepare monthly cost performance summaries and support final cost closeout and lessons learned documentation.