Job Description
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.
