Cost Engineer - AD

Title

Job Purpose

Key Responsibilities – Cost Controls

• Project Cost Management: Full ownership of project financial performance, including preparation and management of Project Status Reports (e-PSR) and overall P&L accountability.
• Variance Analysis: Perform detailed analysis of job ledgers and cost centers to identify variances and recommend corrective actions.
• Accounts Payable (AP): Oversee end-to-end vendor payment processes, ensuring accuracy, compliance, and timely disbursement.
• Accounts Receivable (AR): Manage invoicing, AR aging, Withholding Tax (WHT), and Days Sales Outstanding (DSO) to optimize cash flow.
• Expense Management: Review and approve employee expense claims, ensuring compliance with company policies and procedures.
• WBS Management: Lead the creation, maintenance, and continuous monitoring of Work Breakdown Structures to ensure accurate allocation.
• Project Accounting Liaison: Act as the primary interface between project management teams and finance/accounting departments.
• Standard Costing: Develop and apply cost multipliers for employee cost recovery and resource pricing.
• Client Reporting: Prepare and deliver client reports including VOWD (Value of Work Done) and monthly cost reports.
• Corporate Reporting: Support internal financial reporting cycles, ensuring alignment with corporate standards and compliance requirements.
• Cost Control & Forecasting: Establish and maintain robust cost control procedures, including tracking of actual costs and preparation of Estimates at Completion (EAC).
• Timesheet Management: Oversee timesheet processes across UAE and Iraq operations, including role administration and approval workflows.
• Audit Coordination: Serve as focal point for internal finance and SOX audits; provide support during client audits.
• Contract Compliance: Monitor and track the validity and compliance of contractual documents including Work Orders, Agency Contracts, and ICAs.

Compliance And Finance And Operation Support Role

• **Corporate Card Oversight:** Manage and monitor Project Corporate Management Cards (CMC) and P-Cards across UAE and Iraq operations, ensuring compliance, proper utilization, and audit readiness.
• **Site Financial Governance:** Oversee site-based finance processes including petty cash, business advances, and per diem administration, ensuring adherence to company policies and controls.
• **Work Permit Administration:** Lead and supervise the end-to-end work permit process, including new applications and cancellations for demobilized personnel.
• **Social Security Compliance:** Manage project registration and compliance with DRSS (social security authority) for workforce coverage.
• **Tax Reporting:** Prepare and submit weekly reports on Iraq portfolio Withholding Tax (WHT) status, ensuring regulatory compliance.
• **Performance Monitoring:** Develop, review, and report quarterly KPIs aligned with contractual requirements and project objectives.
• **Procedure Development:** Implement project-specific cost and finance procedures, including travel and business advance policies.
• **Audit & Assurance:** Lead departmental audits in Iraq for the Business Services (Project Finance) function, ensuring full compliance and audit preparedness.
• **Client Coordination:** Provide timely responses to ad hoc client requests, maintaining strong client relationships and service delivery standards.

Soft Skills

• **Communication:** Effectively convey complex financial and cost data to stakeholders
• **Leadership:** Demonstrate strong leadership by guiding teams, driving accountability, and influencing key decisions.
• **Analytical Thinking:** Interpret data and trends to identify cost-saving opportunities and support strategic planning.
• **Problem-Solving:** Proactively address cost overruns and project challenges with practical and innovative solutions.
• **Time Management:** Prioritize and manage multiple tasks efficiently in fast-paced, deadline-driven project environments.
• **Collaboration:** Work effectively with cross-functional teams to achieve project and organizational objectives.
• **Attention to Detail:** Maintain high accuracy in cost tracking, financial reporting, and documentation.
• **Conflict Resolution:** Handle disagreements professionally, fostering constructive outcomes and maintaining team cohesion
• **Years of Experience:** 10+.