Cost Control Engineer

We are seeking a highly experienced and Cost Control Engineer with a minimum of 10 years of expertise in Project Management Consultancy (PMC) projects. The successful candidate will play a key role in overseeing cost management, budget control, and financial aspects of diverse projects.

Responsibilities:

• Collaborate with project managers and stakeholders to develop comprehensive project budgets.
• Ensure accurate estimation of costs, considering all project phases.
• Implement robust cost monitoring systems to track project expenditures against approved budgets.
• Conduct regular reviews and analyses of project costs.
• Develop and maintain accurate financial forecasts for ongoing and upcoming projects.
• Identify potential cost variations and take proactive measures to address them.
• Conduct variance analysis to compare actual costs against budgeted costs.
• Investigate and explain any significant variances.
• Manage and administer change orders, assessing their impact on project budgets.
• Collaborate with project teams to control and mitigate additional costs.
• Act as a point of contact for clients regarding cost-related matters.
• Provide timely responses to client inquiries and concerns related to project finances.
• Prepare regular financial reports for project management and clients.
• Communicate financial status, cost trends, and forecasts to relevant stakeholders.
• Support internal and external audits by providing accurate and organized financial records.
• Ensure compliance with financial regulations and reporting standards.
• Stay updated on industry best practices in cost management and financial control.
• Recommend improvements to enhance the efficiency of cost control processes.

Minimum Requirements:

• Bachelor's or Master's degree in Civil Engineering, Project Management, or a related field.
• Minimum of 10 years of experience as a Cost Control Manager in PMC projects.
• Bilingual proficiency in English and Arabic (both written and spoken).
• Strong knowledge of cost control principles and practices.
• Excellent financial analysis and reporting skills.
• Proficient in financial software and tools.
• Professional certifications in finance or related fields.
• Experience in managing costs for PMC projects within the Middle East region.