Cost Control Manager
6 months ago
Description:
- Key Responsibilities:
- Develop and implement cost control procedures and processes to effectively monitor project budgets and expenditures.
- Prepare detailed cost estimates, forecasts, and budgets for projects, taking into account factors such as labor, materials, equipment, and overhead costs.
- Monitor project progress and expenditures on a regular basis to identify potential cost overruns or deviations from budgetary targets.
- Analyze cost variances and discrepancies and provide recommendations for corrective actions to project stakeholders.
- Work closely with project managers, engineers, and procurement teams to ensure that cost control measures are integrated into project planning and execution.
- Review and approve contractor invoices, change orders, and other financial documents to ensure accuracy and compliance with contractual agreements.
- Prepare regular reports and presentations on project cost performance, highlighting key metrics, trends, and areas of concern to senior management.
- Conduct cost audits and reviews as necessary to identify opportunities for cost savings and process improvements.
- Collaborate with finance and accounting teams to ensure accurate tracking and reporting of project costs in accordance with company policies and procedures.
- Stay updated on industry trends, best practices, and regulatory requirements related to cost control and recommend relevant changes or enhancements to existing processes.
Qualifications:
- Bachelor's degree in Engineering, Finance, Accounting, or a related field. Master's degree or professional certification (e.g., CMA, CPA) is a plus.
- Proven experience (minimum 5 years) in cost control or project controls management, preferably in the Oil and Gas or Power Plant industry.
- Strong understanding of project management principles, cost estimation techniques, and financial analysis methods.
- Proficiency in cost control software and tools (e.g., SAP, Oracle Primavera, Microsoft Excel).
- Excellent communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
- Strong analytical and problem-solving abilities, with a keen attention to detail.
- Ability to work independently and manage multiple tasks simultaneously in a fast-paced environment.
- Knowledge of Qatar's regulatory requirements and industry standards is desirable.
- Fluency in English is required. Knowledge of Arabic is a plus.
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