Job description

Job Summary

The Cost Control Engineer coordinates in all aspects of the cost capturing, monitoring and forecasting effort for their assigned project with proper documentation. Ensures in delivering the complete suite of cost-control services and financial support for projects. This position maintains the project cost information, and with the Project Controls Lead shall oversee variations and revisions to existing budgets.

Monitor, control and report on projects in terms of cost history and forecast

Maintain planned and actual cost and commitment schedules.

Maintain internal labor and project costs to allocated budget.

Create Budget Transfer Requests as directed by the project teams

Implement approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner.

Receive no more than 5 non-compliances per month and ensure there resolution 100% within 10 days

Manage cost control on site and be able to complete and confirm all works within budget.

Monitor daily operations assigned for the cost control to ensure compliance with the established standards and procedures.

Process and Approve MR, PO, S/C Agreement, PC, SRV, SIV within 10 Working Hrs. of their creation.

Develops cost structures for all activities, ensuring the agreement with the allocated budgets, plans and accurately assigning costs to designated items to provide better means for controlling day-to-day activities.

Daily verifications of the cost allocation of transaction to cost codes and reallocating as needed within 10 working Hrs. of the entry time.

Visits the Sites at least once weekly to verify the progress measurements

Uploads the verified BCWP into the ERP System no later than 1 days after the Cut of Date

Maintains internal labor and project costs to allocated budget and flag deviations to project management.

Be able to reflect the workforce Productivity report and Man-hour trends and include in MJCR

Perform cost analysis and advises management on cost over-runs. Work with computerized databases to manage deviations and minimize costs.

Produce the Weekly Job Cost Report within 3 Days from the end of the week

Assist in the Production of the Monthly Job Cost Report and achieve it within 15 days from the end of the Monitor and review accounts to ensure timely invoicing is done in an efficient manner.

Review submitted client invoices and studies the variance from realistic values by producing Over/Under

Invoicing calculations within 3 days from the end of the month

Observe with all relevant safety, quality, health and environmental procedures to ensure a healthy and safe work environment.

Receive no more than 1 nacres per month across all projects, related to QA or HSE.

Create Budget Transfer Requests as directed by the project teams and provide feedback on alternative methods of construction

Provide accurate calculations of budget transfer and achieve no more than 10% correction at final approval stage

Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies

Knowledge of cost control packages such as CCS (Candy) will be a distinct advantage

Knowledge in the use of MS Project, Primavera Scheduling

Knowledge in project cost planning, scheduling and reporting

Knowledge on Quality Management System

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus

Preferred candidate

Years of experience

No experience required

Degree

Bachelor's degree / higher diploma