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Director of Cost Management

1 week ago

Dubai, Dubai, United Arab Emirates AECOM Full time
Roles and responsibilities

The Associate Director will be responsible for leading and managing delivery of Commercial and Cost Management services of Major High-End Residential and Commercial Projects both in Pre-Contract and Post-Contract stages.

The Associate Director will provide a comprehensive, accurate and value driven service for Clients. He/ She will also be responsible for direct reports and provide support and supervision. Will be Client focused and lead project teams and/or provide advisory services.

Duties & Responsibilities

  • Leading and managing a team of professionals and specialists for successful delivery of cost and commercial management services.
  • Achieve the highest standards of professional competence, maintain and develop good relationships with clients, take every opportunity to uphold and increase the profile of the firm as a provider of professional, premium quality services to the construction industry.

Specific skills required

  • Good understanding of preparing cost plans to elemental detail (NRM, POMI)
  • Through understanding of Conditions of Contract and contractual issues
  • Good verbal and written communication skills
  • Ability to provide specialist services in support of project requirements
  • Independently performs highly complex professional assignments
  • Able to present to Clients and senior industry professionals
  • Familiar with Cost X software or other cost planning software

Person Specification (Personality Attributes)

  • A qualified professional who can manage and coordinate specialist activities of a moderately sized team
  • Pro-active and adaptable
  • Excellent communication and interpersonal skills
  • Committed to maintaining a high standards and accuracy of work with attention to detail
  • Be decisive - Know how to prioritize, advocate focus and accountability
  • Be impactful - Use clear and frequent communications, drive execution and results.
  • Be client-focused - Be collaborative, innovative and strategic.
  • Be the role model - Lead by example, demand excellence, maintain safety and integrity as top priorities.

Qualifications

  • Minimum 15 years' experience since obtaining maximum educational qualification.
  • Experience of working in GCC, ideally in major consultancies and major high-end residential and commercial projects.
  • MRICS qualified
Desired candidate profile

1. Cost Estimation and Budgeting

  • Cost Planning: Developing and managing detailed cost estimates, budgets, and financial forecasts for projects or business units.
  • Cost Control: Monitoring and controlling project costs, identifying cost overruns, and implementing corrective actions to ensure budgets are adhered to.
  • Value Engineering: Assessing cost-effective methods to optimize project or operational expenditures while maintaining quality and performance.

2. Project and Program Financial Management

  • Financial Oversight: Providing financial leadership and oversight across projects, ensuring all cost-related aspects are appropriately managed and reported.
  • Risk Management: Identifying financial risks during the project lifecycle and recommending strategies to mitigate those risks, ensuring projects remain within budget.
  • Financial Reporting: Preparing and presenting regular cost reports, variance analysis, and financial summaries to senior leadership, stakeholders, and clients.

3. Contract and Procurement Management

  • Contract Analysis: Reviewing and negotiating contract terms to ensure that cost and financial management requirements are clearly defined and adhered to.
  • Procurement Strategy: Developing cost-effective procurement strategies, working with procurement teams to ensure the best value is achieved for goods and services required for projects.
  • Subcontractor and Vendor Management: Managing relationships with subcontractors, vendors, and suppliers, ensuring their services and materials are provided within the agreed budget.

4. Leadership and Team Management

  • Team Leadership: Leading and mentoring a team of cost management professionals, providing guidance, training, and support to ensure best practices are followed.
  • Cross-Functional Collaboration: Working closely with project managers, engineers, and other departments to ensure that cost management strategies are integrated into the overall project planning and execution process.
  • Stakeholder Management: Communicating cost-related issues and updates to key stakeholders, including senior executives, clients, and team members.

5. Financial Analysis and Reporting

  • Cost-Benefit Analysis: Conducting cost-benefit analyses to evaluate potential financial decisions and recommend the best course of action for project and operational success.
  • Financial Forecasting: Providing accurate financial forecasts based on historical data and trends, ensuring stakeholders are aware of potential financial outcomes.
  • Variance Analysis: Analyzing budget vs. actual financial performance, identifying discrepancies, and implementing corrective actions where necessary.

6. Technology and Systems Proficiency

  • Cost Management Software: Familiarity with industry-specific software and tools for cost estimation, budgeting, and financial tracking (e.g., Procore, Oracle Primavera, Microsoft Project, or CostX).
  • ERP Systems: Knowledge of enterprise resource planning (ERP) systems that integrate financial data across departments and streamline cost management processes.
  • Data Analysis Tools: Proficiency in using data analysis tools (e.g., Excel, Power BI, Tableau) for financial analysis and reporting.