Senior Cost Control Engineer

About the Role
The Senior Cost Control Engineer is responsible for managing project budgets, monitoring expenditures, and analyzing cost variances to ensure projects are completed within financial constraints. This role requires collaboration with stakeholders to implement cost control procedures and provide insights for optimizing resource allocation and mitigating financial risks. The engineer plays a crucial role in maintaining project profitability and adherence to financial objectives.

Job Responsibilities

• Develop and maintain project budgets by collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively.
• Monitor project expenditures against budgetary constraints, conducting regular analysis to identify discrepancies and potential cost overruns.
• Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions.
• Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.
• Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.
• Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.
• Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.
• Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.
• Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.
• Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.
• 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.

Job Knowledge & Skills

• Knowledge of cost estimating packages such as CCS (Candy) is essential.
• Proficient in cost management, estimating, and change control.
• Basic computer skills in MS applications and Primavera 6, though not essential.
• Knowledge of multi-project resource planning.
• Demonstrated project and program management experience, allowing for a comprehensive understanding of fundamental principles and techniques.
• ERP knowledge, preferably SAP functional skills, are required for success in this role.

Job Experience

• A minimum of 8 years of working experience, with at least 5 years of relevant experience.
• Experience working in the GCC region is a plus.

Competencies

• AI Fluency
• Quality Leadership
• Change Management L3
• Claim Studies L3
• Time and Task Management L3
• Cost Control L3
• Agility
• Financial Reporting L3
• Boldness

Education

• Bachelor’s Degree in Civil Engineering or related Engineering field.