Cost Control Engineer

Job Summary : The Cost Control Engineer coordinates in all aspects of the cost capturing, monitoring and forecasting effort for their assigned project with proper documentation.

Ensures in delivering the complete suite of cost-control services and financial support for projects. This position maintains the project cost information, and with the Project Controls Lead shall oversee variations and revisions to existing budgets.

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Job Responsibilities

• Monitor, control and report on projects in terms of cost history and forecast.
• Maintain planned and actual cost and commitment schedules.
• Maintain internal labor and project costs to allocated budget.
• Create Budget Transfer Requests as directed by the project teams.
• Implement approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner.
• Receive no more than 5 non-compliances per month and ensure their resolution within 10 days.
• Manage cost control on site and be able to complete and confirm all works within budget.
• Monitor daily operations assigned for cost control to ensure compliance with established standards and procedures.
• Process and Approve MR, PO, S / C Agreement, PC, SRV, SIV within 10 Working Hrs. of their creation.
• Develop cost structures for all activities, ensuring agreement with allocated budgets, plans, and accurately assigning costs to designated items.
• Daily verifications of the cost allocation of transactions to cost codes and reallocating as needed within 10 working Hrs. of the entry time.
• Visit the sites at least once weekly to verify progress measurements.
• Upload the verified BCWP into the ERP System no later than 1 day after the Cut of Date.
• Maintain internal labor and project costs to allocated budget and flag deviations to project management.
• Reflect workforce productivity report and man-hour trends and include it in MJCR.
• Perform cost analysis and advise management on cost over-runs. Work with computerized databases to manage deviations and minimize costs.
• Produce the Weekly Job Cost Report within 3 Days from the end of the week.

Additional Responsibilities

• Assist in the Production of the Monthly Job Cost Report and achieve it within 15 days from the end of the month.
• Monitor and review accounts to ensure timely invoicing is done in an efficient manner.
• Review submitted client invoices and study the variance from realistic values by producing Over / Under Invoicing calculations within 3 days from the end of the month.
• Observe all relevant safety, quality, health and environmental procedures to ensure a healthy and safe work environment.
• Receive no more than 1 non-compliance per month across all projects, related to QA or HSE.
• Create Budget Transfer Requests as directed by the project teams and provide feedback on alternative methods of construction.
• Provide accurate calculations of budget transfer and achieve no more than 10% correction at final approval stage.

Skills

Job Knowledge & Skills :

• Knowledge of cost control packages such as CCS (Candy) will be a distinct advantage.
• Knowledge in the use of MS Project, Primavera Scheduling.
• Knowledge in project cost planning, scheduling and reporting.
• Knowledge of Quality Management System.
• ERP knowledge, preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 year(s) working experience, with 5 year(s) relevant working experience, 2 year(s) in GCC preferred.

Competencies

• Collaboration
• Accountability
• Resilience
• Quality
• Leadership
• Claim Studies L3
• Projects-Commercial L3
• Cost Control L3
• Cost Estimating L3
• Financial Reporting L3

Education

Professional degree in MMUP Engineer Registration (UPDA). Bachelor’s Degree in Civil Engineering or Engineering.

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