Location: Gum Adasi, Baku, Azerbaijan

Schedule: 08:00 – 17:00 (Monday – Friday)

Transportation: Provided by the company via shuttle buses (to and from the office)

About the role:

• Bahar Energy Operating Company (BEOC), a SOCAR Group entity, is seeking a Cost Control Senior Specialist to support the financial planning, monitoring, and cost management activities of a major field redevelopment project. This role is responsible for ensuring accurate cost tracking across all phases of the project - from Pre-FEED and FEED through EPCIC execution—while maintaining full visibility on commitments, expenditures, forecasts, and cost risks. Cost Control Senior Specialist will work closely with engineering, project management, construction, procurement, and contracts teams to ensure cost efficiency and alignment with project objectives and long-term redevelopment strategies.

Key accountabilities:

• Develop and maintain project budgets, cost breakdown structures (CBS), and cost control procedures throughout Pre-FEED, FEED, and EPCIC phases.
• Monitor all project commitments, expenditures, and forecasts, ensuring timely and accurate reporting.
• Prepare monthly cost reports, variance analyses, cash flow projections, and estimate-at-completion (EAC) updates.
• Work closely with engineering, procurement, and construction teams to validate cost estimates, track progress, and monitor trends.
• Support development of cost estimates, funding requests, and cost inputs for project execution plans.
• Participate in tender evaluations, vendor/contractor cost reviews, and verification of invoices against contractual terms.
• Maintain the project change log, quantify cost impacts of variations, and support change management and approval processes.
• Identify cost risks and opportunities, propose mitigation measures, and contribute to overall project risk analysis.
• Ensure proper cost coding, cost allocation, and alignment with finance and accounting requirements.
• Provide cost-related inputs for management presentations, project status updates, and internal decision-making processes.
• Promote disciplined cost control practices and support continuous improvement within the project team.

Requirements & Qualifications:

• Bachelor’s degree in Engineering, Finance, Accounting, Economics, or a related field.
• Minimum 8 years of experience in cost control for Oil & Gas, EPC, or major capital projects.
• Strong understanding of cost engineering principles, cost estimation, and cost management processes.
• Experience working across multiple project phases, including Pre-FEED, FEED, and EPCIC.
• Strong analytical abilities with hands-on experience in variance analysis, forecasting, and cost modelling.
• Familiarity with project management systems, ERP platforms, and advanced Excel tools.
• High proficiency in spoken and written English.
• Additional training or certification in cost engineering, project controls, or financial analysis is an advantage.
• Effective communication skills with the ability to present financial data clearly to both technical and non-technical audiences.
• Strong teamwork, organizational skills, and ability to work in multicultural project environments.

What we offer:

• Opportunities for professional growth and continuous development.
• Opportunities to contribute to meaningful and impactful work.
• Company-provided transportation service (commute to and from work).
• Opportunity to work in a comfortable and team-oriented environment.
• Competitive salary package.

Interested candidates can send their CV to the e-mail address in the Apply for job button.

Note: Only shortlisted candidates will be contacted.