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Senior Cost Control Specialist

2 months ago

Doha, Baladīyat ad Dawḩah, Qatar Power International Holding Full time

Job Summary

The Senior Cost Control Engineer is responsible for overseeing project budgets, monitoring expenditures, and analyzing cost variances to ensure projects are completed within financial constraints. They collaborate with stakeholders to implement cost control procedures and provide insights for optimizing resource allocation and mitigating financial risks.

Key Responsibilities

  1. Develop and maintain project budgets, working closely with project managers and stakeholders to accurately forecast costs and allocate resources effectively.
  2. Regularly monitor project expenditures against budgetary constraints, conducting thorough analysis to identify discrepancies and potential cost overruns.
  3. Conduct detailed variance analysis to understand the root causes of deviations from budgeted costs, providing actionable recommendations for corrective actions.
  4. Prepare comprehensive reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.
  5. Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.
  6. Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.
  7. Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.
  8. Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.
  9. Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.
  10. Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.

Requirements

The ideal candidate will possess a Bachelor's Degree in Civil Engineering or Engineering, with a minimum of 8 years of working experience, 5 years of relevant working experience, and 2 years in the GCC region. They will have a comprehensive knowledge of cost estimating packages, cost management, estimating, and change control. Proficiency in MS applications and Primavera 6 is preferred, as well as knowledge of multi-project resource planning and ERP systems, particularly SAP.

Competencies

The successful candidate will demonstrate strong collaboration, accountability, resilience, quality, leadership, change management, claim studies, time and task management, cost control, and financial reporting skills.