Senior Cost Control Engineer

Senior Cost Control Engineer

Budget & Cost Management

• Oversee project budgets, track expenditures, and ensure compliance with financial objectives.
• Monitor cost performance against forecasts and report deviations proactively.
• Ensure timely preparation and validation of monthly Cost Control & Value Reports (CCVR).

Cost Analysis & Reporting

• Prepare detailed cost reports and conduct variance analysis for management.
• Support project teams with cost advice for effective decision-making.

Procurement & Resource Allocation

• Review and approve bid tabs for subcontract, materials, manpower, and equipment.
• Validate cost impact of variation orders before approval.
• Monitor resource allocation to maximize cost efficiency.

Compliance & Process Control

• Ensure all cost-related activities adhere to company policies and project procedures.
• Maintain accurate records of all cost-related documents for audit and reporting purposes.

Stakeholder Coordination

• Collaborate with project managers, planners, and commercial teams to align budgets.
• Provide cost-related insights to senior management for strategic planning.
• Primary Deliverables: (delivered by employee)
• Precise and On Time submission of any type of documents/reports/data.
• Complete tasks efficiently and stay within budget as part of your job responsibilities
• Secondary Deliverables: (delivered to other parties)
• Provide input to other departments or parties as needed on time.

Duties & Responsibilities

• Monitor project budgets and Cost across multiple phases.
• Track and control costs to ensure alignment with approved budgets.
• Review and validate monthly CCVR reports for accuracy and compliance.
• Prepare cost variance analyses and recommend corrective measures.
• Review and approve bid tabs for subcontractors, manpower, equipment, and materials.
• Evaluate and approve variation orders based on cost impact.
• Ensure accurate resource allocation and monitor cost-effectiveness.
• Maintain a database of project costs, benchmarks, and historical data.
• Ensure adherence to cost control procedures and financial regulations.
• Coordinate with commercial, planning, and site teams to address budget concerns.
• Highlight cost overruns and suggest proactive measures to mitigate risks.
• Participate in project review meetings to provide financial insights.

General Responsibilities

• Adhere to company policies, code of conduct, conflict of interest, standards, rules and regulations at all times.
• Always prioritize keeping employee information and sensitive data confidential
• Prioritize and ensure full compliance with the Quality, Health, Safety, and Environmental (QHSE) policies established by the company.
• Accurate and On Time submissions of balanced scorecards.
• Maintain supportive documentation to substantiate the actual performance for all Key Performance Indicators (KPIs) outlined in the Balanced Scorecard (BSC).

Skills

• Proficiency in cost control software and ERP systems.
• Strong knowledge of MS Excel and project cost reporting tools.
• Ability to prepare financial models, forecasts, and variance analyses.
• Advanced knowledge of cost estimation and budget management.
• Familiarity with contracts, variation orders, and bid evaluations.
• Competence in preparing and reviewing CCVR and financial reports.
• Strong analytical and problem-solving abilities.
• Excellent communication and reporting skills.
• Ability to work collaboratively with multi-disciplinary teams.

Personal Attribution

• Detail-oriented and accuracy-driven.
• Proactive with a strong sense of accountability.
• Adaptable, with the ability to work under pressure and meet deadlines.

Experience Required

• Minimum 5–10 years of relevant experience in cost control within the construction industry (UAE/GCC preferred).
• Proven experience in managing project budgets and validating cost reports.
• Hands-on experience in bid evaluations, variation orders, and subcontract reviews.
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