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Senior Cost Control Engineer

Innovo GroupDubai, UAE1 weeks agoMid-Senior
Mid-Seniorfulltime

Skills

engineeringdesignproject management

About This Role

Role Purpose

This is a mid-management leadership position that requires a professional proactive approach, leading by example in your collaborative style, being able to be part of a motivated high-performing team, and being able to manage relationships at all levels.

You must have the skills required to interpret data, analyze results, think in a commercial context, communicate effectively with purpose, be able to manage multiple responsibilities most importantly have a demonstrable successful track record of experience.

Key Accountabilities

  • You will establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget
  • Create a cost awareness atmosphere among the Project Management Team
  • Prepare projects budget for awarded projects based on actual costs, estimation data, and contractual documents and standards within the costing manual.
  • Review project tender document estimation and escalate any irregularity.
  • Prepare monthly Cost Reports based on the actual project performance vs project budget.
  • Liaise with all internal teams to obtain the actual cost allocated to the project’s cost centre.
  • Review Cost Reports with internal stakeholders and align with the Project Team.
  • Monitor daily the project costs, reported metrics, and efficiencies e.g., sub-contractors, and materials purchased in line with the approved Project Budget.
  • Coordinate the risk management activities startup organising the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
  • Input into the monthly management reports e.g. overall project updates and delivery
  • Analyses project performance, and provide advice, commentary, and insight on actuals vs budget.
  • Input into the central costing database to ensure accurate metrics and information is updated.
  • Analyse and highlight any cost deviation/overrun/irregularity and escalate for review.
  • Review the Project Budget in the event of scope changes and amend as necessary.
  • Prepare project close-out cost report, review with all stakeholders, and share lessons learned with the Commercial Team for reference and future consideration.
  • Ensure compliance with all ESG, HSE & Quality policies.

Qualifications, Experience, Knowledge & Skills

  • Bachelor’s degree in civil engineering or other related engineering field.
  • 5+ years’ experience in the domain of project management, project control, planning, and estimation, budgeting, and cost control.
  • Experienced in Earned Value Method in cost reporting.
  • Certified Cost Professional is an added advantage.
  • Excellent knowledge of planning/cost control techniques, methods, systems, standards, and software.
  • Industry Certifications in Project Management and Project Controls Computer literate.

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