Cost Engineer

Direct Search Global Published: July 9, 2019
Kuala Lumpur, Malaysia
Job Type


Direct Search Global is working exclusively with an owner to search for an experienced Cost Engineer to be based at their office in Malaysia.


  • Come up with the initial budget which include all relevant technical, commercial data and assumptions starting from estimating phase
  • Work with all relevant teams for commercial and technical inputs
  • Review and run analysis on the project budget, and prepare the monthly project forecast
  • Preparation of monthly project forecast report
  • Preparation of monthly project manpower forecast
  • Preparation of resource capacity plan
  • Preparation of cost estimation for possible design project execution changes
  • Identification and preparation of variation orders to be approved by Project Manager and submitted to client
  • Review invoices from subcontractors/vendors
  • Review variation proposal from vendors/subcontractors
  • Point out areas of concerns
  • Analyze budget variances
  • Monitor risks and report on issues which will likely to affect project profitability
  • Project costs reduction
  • Preparation of monthly dashboard
  • Preparation of monthly client report
  • Tracking of percentage of completion on a monthly basis
  • Preparation of monthly cash planning report
  • Preparation of monthly hedging recommendation
  • Verification of purchases before approval by Project Manager
  • Preparation of client invoices based on contractual terms with proper back up and book accounting records
  • Credit Control
  • Preparation of project finalization with a table of provisions


  • Any relevant degree in Engineering
  • Minimum 8 years of relevant experience in Oil and Gas sectors


If you feel you fit the criteria and would like to take your career to the next step then please apply via the website or forward your CV to

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