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Cost Controller
4 weeks ago
JobDescription
Position: Cost ControlEngineer
Company: Al SahraaGroup (ASG)
The Cost ControlEngineer at Al Sahraa Group (ASG) is responsible for monitoring andcontrolling project costs to ensure budget adherence and financialefficiency. This role involves cost estimation budgetingforecasting and financial reporting to optimize projectexpenditures. The Cost Control Engineer will work closely withproject managers finance teams and procurement departments to trackcosts analyze variances and develop mitigation strategies. Theideal candidate must have a strong analytical mindset attention todetail and expertise in cost management methodologies.
KeyResponsibilitiesCost Estimation &Budgeting- Developaccurate cost estimates for projects based on scope materials laborand overhead costs.
- Prepare project budgets andensure alignment with financial constraints and businessobjectives.
- Review and validate cost estimatesfrom subcontractors and vendors.
- Track andmonitor project costs against the approvedbudget.
- Analyze cost variances and identifycauses of budget overruns.
- Implement correctiveactions to ensure cost control and minimize financialrisks.
- Maintain a detailed cost database forbenchmarking and future project planning.
- Prepareperiodic financial reports including cost performance reports cashflow forecasts and variance analyses.
- Provideinsights and recommendations to project management based onfinancial data.
- Ensure compliance with companypolicies and industry cost control standards.
- Collaborate with procurement teams to ensurecosteffective purchasing of materials andservices.
- Review supplier and contractorinvoices to verify cost compliance withagreements.
- Support contract negotiations byproviding cost analysis and recommendations.
- Identifypotential costrelated risks and develop mitigationstrategies.
- Optimize resource allocation tomaximize project profitability.
- Evaluatefinancial impact of scope changes and recommend budgetadjustments.
- Budget Adherence:Maintaining cost control while ensuring project quality andtimeline compliance.
- CostVariability: Managing fluctuations in material andlabor costs due to marketchanges.
- StakeholderCoordination: Balancing cost control objectives withproject requirements and stakeholderexpectations.
- RegulatoryCompliance: Ensuring adherence to financialregulations and internal cost controlpolicies.
- DataAccuracy: Maintaining precise financial records foreffective cost tracking and reporting.
This role requires a proactive and detailorientedprofessional with strong financial acumen and expertise in costcontrol strategies. If you have a passion for cost management andoptimizing financial performance we invite you to join Al SahraaGroup.
Key SkillsGeneral Services,ADMA,Council,Defense,Interior,AdobeDreamweaver
Employment Type : FullTime
Vacancy: 1
