Cost Controller

2 months ago


abu dhabi, United Arab Emirates Synapsco Full time
Abu Dhabi, United Arab Emirates
| Posted on 12/10/2023
Cost Controller shall be responsible for the development and monitoring of budgets; challenging the expenditure;
and forecasting of future spend, all of which are fundamental and essential in enabling the Project to improve the
control of costs and accurately plan/budget for the future.
Activities
Participate in the budget preparation: support Project Director and Project Control Manager in presenting and
defending the budget in front of Partners and Authorities.
Prepare for issuance the necessary Project, Partners /Authorities, Group cost information and data.
Organize, co-ordinate and control all the activities of the Cost Control team by informing, supporting, directing
and training relevant personnel in their roles, responsibilities and objectives.
Propose and agree with Ratawi-Hub and Headquarters Finance departments the Project WBS and Cost coding
structure.
Ensure the correct implementation of and propose improvements to Project and Corporate procedures, means
and tools in order to ensure the efficient organisation and operation of the Project Cost Control activities.
Participate (from Cost Control point of view) in the preparation / consolidation and review of the various Project
budgets and updates (internal and external / Annual and Multiyear) with inputs from the members of the
Project Team, and provide “ad hoc” economics support as required.
Provide the necessary checks, approval functions for invoices submitted, in accordance with Contracts, Project
& Company procedures, Sarbanes & Oxley requirements and DoA.
Provide input into the UNISUP System, regarding payment schedules (cash calls), invoicing and cost control
issues as required.
Assist in the cost assessment of any contract variations and identify any Project cost trends, drifts, variances
data update and maintain the Project Final Cost Estimate, prepare the Monthly Cost Report with comments.
Liaise actively with Ratawi Hub Finance Department for all matters related to cost and accounting as required
(Commitments, invoice processing and payment, accruals, payment claims and disputes)
Ensure strict confidentiality of all the Budget and Cost documentation
Organize, co-ordinate and control all the activities of the Cost Control team by informing, supporting and
directing personnel in their roles, responsibilities and objectives.
Accountabilities
Co-ordinate, perform and control the activities of the Project Cost Control function. To prepare, analyze,
evaluate, process and present information and documentation relating to the Project budget and cost control
activities.
Provide upon request from Management, key and reliable information with relevant supporting comments on
the project execution in order to be in position to control and monitor the Estimated Final Costs.
Provide upon request from Ratawi Hub Finance, for the budgeting exercise purpose, relevant information on
the budgets, estimates, and performance (figures, comments and pertinent analysis) towards the Finance
division.
Qualifications/Experience required
Qualification:
Engineering/bachelor’s degree in accounting, finance or another related field.
Experience:
10+ years’ experience in Cost control. Project experience and local experience is preferred. Strong knowledge
of Company Finance and Cost control processes
Advanced knowledge & experience in use of relevant computer systems and software (UNISUP, other
information management system, Excel, Word, Powerpoint)
Experience in Engineering/Construction commercial or contracts administration role. Ability to listen to and
understand the signals and queries from various interlocutors.
Languages: English is mandatory, knowledge of French and Arabic is a plus#J-18808-Ljbffr
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