Director of Cost Management

The Associate Director will beresponsible for leading and managing delivery of Commercial andCost Management services of Major High-End Residential andCommercial Projects both in Pre-Contract and Post-Contractstages.

The Associate Director will provide acomprehensive, accurate and value driven service for Clients. He/She will also be responsible for direct reports and provide supportand supervision. Will be Client focused and lead project teamsand/or provide advisoryservices.

Duties &Responsibilities

• Leadingand managing a team of professionals and specialists for successfuldelivery of cost and commercial managementservices.
• Achieve the highest standards ofprofessional competence, maintain and develop good relationshipswith clients, take every opportunity to uphold and increase theprofile of the firm as a provider of professional, premium qualityservices to the constructionindustry.

Specific skillsrequired

• Goodunderstanding of preparing cost plans to elemental detail (NRM,POMI)
• Through understanding of Conditions ofContract and contractual issues
• Good verbal andwritten communication skills
• Ability to providespecialist services in support of projectrequirements
• Independently performs highlycomplex professional assignments
• Able topresent to Clients and senior industryprofessionals
• Familiar with Cost X software orother cost planning software

Person Specification (PersonalityAttributes)

• A qualifiedprofessional who can manage and coordinate specialist activities ofa moderately sized team
• Pro-active andadaptable
• Excellent communication andinterpersonal skills
• Committed to maintaining ahigh standards and accuracy of work with attention todetail
• Be decisive - Know how to prioritize,advocate focus and accountability
• Be impactful- Use clear and frequent communications, drive execution andresults.
• Be client-focused - Be collaborative,innovative and strategic.
• Be the role model -Lead by example, demand excellence, maintain safety and integrityas top priorities.

Qualifications

• Minimum15 years' experience since obtaining maximum educationalqualification.
• Experience of working in GCC,ideally in major consultancies and major high-end residential andcommercial projects.
• MRICSqualified

1.Cost Estimation andBudgeting

• CostPlanning: Developing and managing detailed costestimates, budgets, and financial forecasts for projects orbusiness units.
• CostControl: Monitoring and controlling project costs,identifying cost overruns, and implementing corrective actions toensure budgets are adheredto.
• ValueEngineering: Assessing cost-effective methods tooptimize project or operational expenditures while maintainingquality and performance.

2.Project and Program FinancialManagement

• FinancialOversight: Providing financial leadership andoversight across projects, ensuring all cost-related aspects areappropriately managed andreported.
• RiskManagement: Identifying financial risks during theproject lifecycle and recommending strategies to mitigate thoserisks, ensuring projects remain withinbudget.
• FinancialReporting: Preparing and presenting regular costreports, variance analysis, and financial summaries to seniorleadership, stakeholders, andclients.

3. Contractand ProcurementManagement

• ContractAnalysis: Reviewing and negotiating contract termsto ensure that cost and financial management requirements areclearly defined and adheredto.
• ProcurementStrategy: Developing cost-effective procurementstrategies, working with procurement teams to ensure the best valueis achieved for goods and services required forprojects.
• Subcontractor andVendor Management: Managing relationships withsubcontractors, vendors, and suppliers, ensuring their services andmaterials are provided within the agreedbudget.

4. Leadershipand TeamManagement

• TeamLeadership: Leading and mentoring a team of costmanagement professionals, providing guidance, training, and supportto ensure best practices arefollowed.
• Cross-FunctionalCollaboration: Working closely with projectmanagers, engineers, and other departments to ensure that costmanagement strategies are integrated into the overall projectplanning and executionprocess.
• StakeholderManagement: Communicating cost-related issues andupdates to key stakeholders, including senior executives, clients,and team members.

5.Financial Analysis andReporting

• Cost-BenefitAnalysis: Conducting cost-benefit analyses toevaluate potential financial decisions and recommend the bestcourse of action for project and operationalsuccess.
• FinancialForecasting: Providing accurate financial forecastsbased on historical data and trends, ensuring stakeholders areaware of potential financialoutcomes.
• VarianceAnalysis: Analyzing budget vs. actual financialperformance, identifying discrepancies, and implementing correctiveactions where necessary.

6.Technology and SystemsProficiency

• CostManagement Software: Familiarity withindustry-specific software and tools for cost estimation,budgeting, and financial tracking (e.g.,Procore , OraclePrimavera , MicrosoftProject , orCostX ).
• ERPSystems: Knowledge of enterprise resource planning(ERP) systems that integrate financial data across departments andstreamline cost managementprocesses.
• Data AnalysisTools: Proficiency in using data analysis tools(e.g., Excel, Power BI ,Tableau ) for financial analysis andreporting.