OTIFYD
Cost Engineer
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Position Overview
We are seeking a detail-oriented and analytical Cost Engineer to join our Project Controls team. The role requires strong experience with SAP, particularly in cost management, purchase orders, commitments, actual costs, budgets, and financial reporting. The Cost Engineer works closely with project managers, procurement, finance, engineering, and commercial teams to ensure accurate and timely cost control.
Key Responsibilities
Budgeting & Cost Control & Reporting
- Develop and maintain project budgets, cost plans, and forecasts.
- Monitor actual costs, commitments, accruals, and expenditures against approved budgets.
- Use SAP to create, maintain, and analyse cost data, purchase orders, commitments, and project transactions.
- Prepare monthly cost reports, variance analysis, and cost forecasts.
- Support project managers with cost-control information and financial decision making.
- Track committed and actual costs and ensure accurate cost coding.
- Review purchase orders, invoices, goods receipts, and subcontractor costs.
- Coordinate with procurement and finance teams to resolve cost discrepancies.
- Support change management and assess the cost impact of project variations.
- Assist with budgeting, annual planning, and estimate-at-completion (EAC) calculations.
- Ensure compliance with company cost-control procedures and SAP processes.
- Prepare detailed and accurate cost reports, including executive-level dashboards that summarise financial performance for stakeholders.
Change Management & Governance
- Lead the change control process, evaluating the cost impact of scope changes and variations and ensuring approvals are obtained.
- Work with procurement to align purchase orders with the cost structure, ensure timely ordering of materials, and validate supply chain data.
- Support contract management activities, including validating contractor payment applications and ensuring alignment with contract terms.
- Embed a culture of good governance, ensuring all financial data complies with project policies and is audit-ready.
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Required Qualifications & Skills
Experience & Education
- Bachelor's degree in Engineering, Quantity Surveying, Construction Management, Finance, Economics, or a related field.
- Proven experience (typically 5+ years) in cost engineering, cost control, or project controls roles on large-scale projects in sectors like construction, infrastructure, energy, or manufacturing.
- Strong practical experience with SAP, preferably SAP CO, PS & MM.
- Good understanding of project cost control, budgeting, forecasting, and variance analysis.
- Experience working with purchase orders, commitments, accruals, invoices, and actual costs.
- Strong Excel skills, including pivot tables, lookups, and financial analysis.
- Excellent analytical and problem-solving skills.
- Ability to work with project, procurement, finance, and commercial teams.
- Strong attention to detail and ability to manage deadlines.
- Experience with CAPEX projects, stage-gate governance, and understanding of the project lifecycle is highly desirable.
Technical Skills
- Advanced skills in Microsoft Excel and experience with project controls software (e.g., SAP) and reporting tools (e.g., Power BI).
- Deep understanding of cost engineering principles, Earned Value Management (EVM), forecasting techniques, and change management processes.
- Knowledge of SAP Project Systems (SAP PS) and Controlling (SAP CO).
- Strong analytical, critical thinking, and problem-solving skills with a high attention to detail.
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Soft Skills
- Excellent verbal and written communication skills to convey complex financial information clearly to both technical and non-technical audiences.
- Ability to work effectively within a multi-disciplinary team and influence stakeholders, including contractors and clients.
- Demonstrated leadership and organizational skills to manage multiple tasks and meet deadlines.
Certifications
Professional certifications are a significant plus, such as AACE (Certified Cost Professional), CIMA, ACCA, RICS, or APM.
Company Description
OTIFYD is a next-generation Operational Technology (OT) cybersecurity company dedicated to safeguarding industrial environments and enabling safe, secure, and resilient operations. Drawing on decades of experience across IT and OT, OTIFYD supports critical infrastructure sectors such as power and electricity, water utilities, oil and gas, energy, and manufacturing in building defensible networks. The company operates at the intersection of Industry 4.0 and 5.0, where humans collaborate with advanced technologies including AI, 5G, IIoT, and intelligent edge solutions. OTIFYD’s services and solutions focus on preventing malicious interference with industrial processes and deploying layered controls that address complex global cyber challenges. The organization continues to expand its impact as connected devices and data reshape the future of OT security.
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