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.