Mohammed Al Zara

Responsibilities:
• Work closely with the Project Manager to monitor project budgets, analyze costs and provide valuable insights to optimize project profitability and efficiency.
• Manage all financial aspects of ongoing projects to ensure they stay within budget and meet financial objectives.
• Handle overall EPC project cost; develop and maintain detailed project cost estimates, considering Engineering Manhours (MH), Procurement Bill of Materials (BM), and Construction Bill of Quantities (BQ).
• Provide guidance to the project team and ensure project cost control processes are effectively implemented.
• Provide comprehensive support to Corporate Management in routine tasks, ensuring that services comply with established standards and meet organizational objectives.
• Develop and execute the project cost strategy, and ensure that cost management practices are in line with project specifications, departmental directives and overall organizational objectives.
• Assist financial director in preparing annual budget, and provide insights to ensure that the budgets are aligned with overall projects specifications.
• Collaborate with relevant departments to identify and evaluate operating costs associated with scheduled projects; analyze the data and identify areas for improvement and cost-saving opportunities.
• Monitor and analyze project expenditures against approved budgets while identifying any variances and their causes; conduct regular cost analysis to forecast future spending and identify potential cost-saving opportunities.
• Forecast future project costs based on current performance and trends; estimate the total project cost at completion (EAC Estimation).
• Evaluate change requests from clients for their financial implications, including cost estimates, budget impacts, and resource allocation, develop accurate cost estimates for proposed changes and update project manager/senior management on the same.
• Review engineering, procurement, and construction products to confirm remaining activities, estimate forecasted costs, review all PO issued, and review subcontractor agreements.
• Estimate project costs based on specific contract requirements, such as client office costs, IT requirements, insurances and Saudization requirements and Bank Bond Guarantee.
• Conduct weekly meetings with clients and provide project status updates. Report project status to top management as well as JGC Yokohama on a quarterly basis.
• Prepare project cashflow statements to monitor financial liquidity. Prepare financial reports, including cost performance metrics for project stakeholders and management highlighting key findings and deviations from budgetary targets.
• Oversee reimbursable projects, including the preparation and control of Work Elements Release (WER) budgets, Prior Approval Forms (PAF), and invoice management.
• Communicate with clients to obtain approval for Work Elements Release (WER) budgets and Prior Approval Forms (PAF).
• Coordinate with clients to review and obtain approval for weekly and monthly time sheets; ensure all reimbursable expenses are properly documented and approved by the client.
• Prepare accurate and timely monthly invoices based on approved time sheets and reimbursable expenses.
• Register invoices in the Aramco system (SAP) accurately and promptly for Aramco projects.
• Follow up with clients to ensure timely payment of invoices and resolve any payment discrepancies.
• Develop detailed unit rate estimates for Time Unit Rates (e.g. labor costs per hour/day), Equipment Unit Rates (e.g. rental costs per unit), and Work Unit Rates (e.g. cost per unit of work completed).

Responsibilities:
• Monitored project costs for EPC and ensure that expenditures remain within the budget; tracked project progress and compared actual costs against budgeted costs.
• Conducted variance analysis and provided insights to project managers and senior management.
• Conducted site visits and ensured that the project was completed within the approved budget and schedule.
• Generated reports and flowcharts to illustrate factors influencing project costs, and provided to management to support decision-making processes.

Responsibilities:
• Conducted project check estimate for 30%, 60%, 90% for EPC project.
• Worked with various departments to develop work breakdown structure, cost breakdown structure and organization breakdown structure; managed risk assessment activities to identify and mitigate project risks.
• Supervised the preparation of WER/PAF; computed reimbursable ongoing project.
• Planned and reported on the Saudi manpower (Saudization) to meet project requirements.

Key Projects:
• Interfacing Facilities with New 115/13.8kV Substation (May2021 To Present)
Client: KJO; Role: Lead Estimator, Lead Ongoing Project (Approved as Lead Project Cost Engineer)
• KJO PME Project (2017 - To Present)
• Client: Al Khafji Joint Operations; Role: Senior Project Cost Engineer
• Ras Tanura SRUPJ (Jul - Nov 2021)
Client: Saudi Aramco; Role: Lead Estimator
• Farabi LK Stripper Project (Engineering & Procurement Services) (Oct 2021)
Client: Farabi; Role: Lead Estimator
• Petro Rabigh PMC Alliance Contract (MH Unit Rate Estimation) (Apr 2021)
Client: Petro Rabigh; Role: Lead Estimator
• General Engineering Services PJ (MH Unit Rate Estimation) (Feb - Mar 2021)
Client: Petro Rabigh; Role: Lead Estimator
• UG Maintain Potential (2020)
Client: Saudi Aramco; Role: Senior Estimator
• LTA (Long Term Agreement) for Selected Brownfield and Upgrade Oil and Gas Projects (2020)
Client: Saudi Aramco; Role: Senior Estimator
• AREP Project (Conversion from MCRPJ) (2019 - 2020)
Client: Petro Rabigh; Role: Senior Project Cost Engineer
• Petro Rabigh Plant Change Project (2018 - 2019)
Client: Petro Rabigh; Role: Senior Project Cost Engineer
• EPR Modifications Project (2018 - 2019)
Client: Petro Rabigh; Role: Senior Project Cost Engineer
• EPC Supporting Work for Manifa Project (2018 - 2019)
Client: Saudi Aramco; Role: Senior Project Cost Engineer
• Modification of Debutanizer/Amine Treating/LPG Blender Package (RP3) (2018 - 2019)
Client: Saudi Aramco; Role: Senior Project Cost Engineer
• Yanbu South Al-Mu'ajjz Crude Oil Terminal (2013 - 2017)
Client: Saudi Aramco; Role: Senior Project Cost Engineer
• IWSPP Improvement (2015 - 2016)
Client: RAWEC-Rabigh Arabian Water & Electricity Co. Ltd.; Role: Senior Project Cost Engineer
• Rabigh Phase-II: Detailed Design Package for Power Management System (PMS) (2011 - 2019)
Client: Petro Rabigh; Role: Senior Project Cost Engineer
• Sour Water Stripper and Disposal System
Client: Saudi Aramco (Estimation Project)

Highlights:
• Developed and implemented a comprehensive cost measurement and reporting system to evaluate costs and trends on a daily, weekly and monthly basis.

Responsibilities:
• Monitored and managed the company's expenses, ensuring they aligned with budgetary constraints & financial objectives.
• Monitored and analyzed the company's costs, including raw materials, labor, overhead and other expenses.
• Reviewed and compared actual costs against budgeted costs, identified any variances and investigated their causes.
• Kept detailed logs of all purchases made by the company and tracked the utilization of inventory items; ensured accurate recording and valuation of inventory to support cost control efforts.
• Maintained logs of all supplier accounts and conducted regular reconciliations to identify errors and omissions; worked closely with suppliers to resolve discrepancies and ensured accurate invoicing and payment processing.
• Verified cost allocations against work orders, purchase orders, contracts, invoices, estimates and variations to ensure alignment with approved budgets.
• Provided regular reports to management on cost performance and recommended corrective actions to control expenses.
• Reviewed and advised the team on changes to improve project cost control within the company.