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Cost Controller for Fabrication
1 week ago
As a Cost Controller for Fabrication, you will be responsible for monitoring and managing all financial aspects of fabrication projects within the organization.
Your primary focus will be on controlling costs, analyzing project budgets, and providing accurate financial information to support decision-making processes.
You will work closely with project managers, engineers, procurement teams, and other stakeholders to ensure projects are executed efficiently and within budget.
Key Responsibilities:
Project Cost Control:
Develop and implement cost control measures to track and monitor project expenses throughout the fabrication process.
Regularly review project budgets and compare actual costs against budgeted amounts, identifying any variances and their root causes.
Analyze cost overruns or discrepancies and collaborate with project teams to implement corrective actions.
Budgeting and Forecasting:
Assist in the preparation of project budgets and financial forecasts for fabrication projects, considering all relevant cost elements.
Work closely with project managers to ensure accurate budgeting and cost estimates for each project phase.
Provide regular reports on budget performance and financial forecasts to management and relevant stakeholders.
Financial Analysis:
Conduct detailed financial analysis to support decision-making on resource allocation, cost optimization, and project profitability.
Identify trends and patterns in financial data, providing insights to management for informed decision-making.
Collaborate with project teams to assess the financial feasibility of proposed fabrication projects and make recommendations based on analysis.
Cost Reporting:
Prepare and present regular cost reports to management, highlighting key financial metrics, project status, and potential risks or opportunities.
Ensure that cost reports are accurate, timely, and comprehensive, enabling management to make data-driven decisions.
Vendor and Contract Management:
Work closely with procurement teams to negotiate favorable contracts with vendors and suppliers.
Monitor vendor performance and adherence to contractual terms, ensuring cost competitiveness and quality standards are met.
Qualifications and Requirements:
Bachelor's degree in Finance, Accounting, or a related field. A Master's degree or relevant certification (e.g., CMA, CIMA) is a plus.
Proven experience as a Cost Controller or similar role, preferably in the fabrication or manufacturing industry.
Strong understanding of financial principles, cost accounting methods, and project cost control techniques.
Excellent analytical skills with attention to detail and the ability to interpret complex financial data.
Effective communication and interpersonal skills to collaborate with cross-functional teams and present financial information to stakeholders.
Strong organizational and time-management abilities to meet tight deadlines and manage multiple projects simultaneously.
Knowledge of fabrication processes and familiarity with engineering drawings and specifications is advantageous.
Salary:
AED5, AED7,000.00 per month
Ability to commute/relocate:
- Sharjah: Reliably commute or planning to relocate before starting work (required)
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