Cost Audit Engineer

3 days ago

Central Region, Singapore Runh Power Pte. Ltd. Full time $90,000 - $120,000 per year
Responsibilities

Project Cost Audit & Control

  • Implement national, industry, and company standards for cost auditing, ensuring compliance with both company and host country requirements.
  • Manage and control project costs throughout all stages — from feasibility study, preliminary design, bidding, construction, to closeout.
  • During construction and closeout, take the lead on progress payments, change orders, material pricing, claims, and final account settlements, submitting for management approval as required.
  • Review and approve progress payment applications and monthly civil works funding plans.
  • Prepare final account settlement documents based on contract terms and completed work quantities.

Bidding & Contract Review

  • Participate in subcontractor bidding and awarding, analyze quotations, and review subcontract agreements.
  • Assist in preparing and reviewing technical and economic documents for company projects.

Audit & Compliance

  • Coordinate with owners, project teams, and financial/audit departments to complete settlements, audits, and inspections.
  • Review cost management documentation during project execution.
  • Report serious violations or waste to senior management and recommend corrective actions.
  • Support group audits and coordinate with local and overseas audit authorities, providing necessary documentation and assistance.

Documentation & Reporting

  • Compile and maintain audit working papers and submit audit reports to direct supervisors.
  • Issue formal audit opinions, reports, or decisions to audited units based on approved conclusions.
  • Attend relevant meetings and contribute to the development of policies and procedures.
Requirements

Basic Requirements

  • High professional ethics, strong sense of responsibility, integrity, and loyalty to the company's mission.
  • Professional knowledge, skills, and experience required for the role; strong communication and coordination skills; proficiency in both Chinese and English.
  • Law-abiding, trustworthy, team-oriented, with strong execution capabilities.
  • Good physical and mental health.
  • Able to follow company assignments.

Professional Competencies

  • Proficient in national and power industry cost norms, power project cost standards, and cost estimation/pricing software (e.g., Glodon).
  • Capable of independently preparing estimates, budgets, BOQs, and control prices/bid benchmarks for power generation projects.
  • Familiar with FIDIC contract terms and able to prepare audit reports, review/approve changes, and participate in negotiations.
  • Experienced in settlement procedures for monthly/interim and final accounts.
  • Knowledgeable in construction processes and market prices for civil works materials.
  • Minimum of 8 years' experience in cost auditing for power projects, with direct responsibility for at least six units of 600MW+ coal-fired power projects.
  • Experience in large-scale power projects with consulting firms is preferred.
  • First-Class Cost Engineer or equivalent qualification required; dual expertise in civil and installation works preferred.
  • Willing to travel for short-term assignments.

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