Cost Control Engineer

Saipem is a global leader in the engineering and construction of major projects for the energy and infrastructure sectors, both offshore and onshore. Saipem is “One Company” organized into business lines: Asset Based Services , Drilling , Energy Carriers , Offshore Wind , Sustainable Infrastructures , Robotics & Industrialized Solutions . Always oriented towards technological innovation, the company’s purpose is “ Engineering for a sustainable future ”. As such Saipem is committed to supporting its clients on the energy transition pathway towards Net Zero, with increasingly digital means, technologies and processes geared for environmental sustainability. Listed on the Milan Stock Exchange, it is present in more than 50 countries around the world and employs about 30,000 people of over 130 nationalities. Purpose of the position : As a Project Cost Controller, you will be a key member of the Project Controls Department at Saipem America Inc. Your primary responsibility is to manage and control project costs by establishing a reliable cost control system. You will support the Project Manager in decision-making to ensure projects remain within approved budgets. This includes early detection and analysis of budget deviations, estimating their impact, and monitoring corrective actions. The role also involves ensuring compliance with internal cost control reporting standards and collaborating effectively with relevant stakeholders. How can you support us? Cost Management: Implement and maintain the Cost Control System. Develop and manage a consolidated Cost Breakdown Structure (CBS) in accordance with procedures. Track project expenditures and monitor adherence to budgets and financial plans. Financial Reporting: Preparing accurate and timely cost reports, including analysis of actual costs against budget and forecasts. Cost Analysis: Identify cost variances, investigate potential overruns, and propose mitigation measures. Monitor project progress and earned value to calculate cost accruals and work-in-progress valuations. Forecasting: Develop cost forecasts for future phases of the project to support effective planning and resource allocation. Project Risk: Contribute to risk assessments by providing cost-related inputs and performing Monte Carlo analysis. Change Management: Support the project team during contract changes and claims processes by providing detailed cost impact analyses. Communication: Collaborate with Project Managers, Engineers, and stakeholders to communicate cost performance and address financial issues. Compliance: Ensure all cost control activities comply with corporate policies, procedures, and reporting standards. What are we looking for? Education: Bachelor’s degree in Engineering, Construction Management, Accounting, Finance, or a related field. Background: 3+ years in cost control, project controls, project management, or a related discipline. Technical Knowledge: In-depth knowledge of Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS) implementation. Proficiency in cost control techniques and financial analysis. Advanced Excel skills; experience with SAP and other cost control systems. Strong analytical, problem‑solving, and interpersonal skills. Excellent communication abilities for cross‑functional collaboration. What we can offer to you: Full time permanent contract. Corporate Benefits: We offer a comprehensive benefits package, including health insurances, retirement plans, health & wellness benefits, Paid time off (PTO). Hybrid working model: Smart Working options and flexible hours to help you achieve a better work‑life balance. Our One Saipem Way soft skills model leverages on skills development, career growth, opportunities to innovate through complex challenges by promoting communication and collaboration to achieve common goals. #J-18808-Ljbffr