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Cost Control Engineer at AlKarma Developments
Sheikh Zayed, Giza, Egypt -
Full Time

Start Date

Immediate

Expiry Date

26 Sep, 26

Salary

0.0

Posted On

28 Jun, 26

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

No

Skills

Cost Control, Budgeting, Financial Reporting, Forecasting, Variance Analysis, Earned Value Management, WBS, Cost Coding, ERP Systems, MS Excel, Project Cost Baseline, Cash Flow Monitoring

Industry

Real Estate

Description
Main Purpose: To monitor, analyze, and control project costs through accurate budgeting, reporting, and forecasting while ensuring financial compliance and supporting effective decision-making. Job Responsibilities: Review project cost baseline with Procurement and Estimation teams. Track actual project costs vs budget and highlight deviations. Prepare cost reports (weekly/monthly), variance analysis, CPI, and EAC forecasts. Identify cost trends, risks, and recommend corrective actions. Review and validate purchase requisitions, invoices, and material requests. Ensure no expenditure without approvals and alignment with baseline. Evaluate financial impact of change orders and variations. Update forecasts based on approved changes. Monitor project cash flow and ensure financial alignment. Maintain cost control systems and allocation of expenses. Track petty cash and indirect costs in ERP system. Review down payments for subcontractors and suppliers. Job Requirements: 4-7 years' experience in cost control (construction/EPC/real estate). Ability to manage project budgets, analyze financial data, and support cost reporting. Strong knowledge of cost control processes, WBS, and cost coding structures. Familiarity with ERP systems (Oracle, SAP, etc.). Proficiency in MS Office (Excel, Word, PowerPoint). Solid understanding of Earned Value Management (EVM). Professional certification (CCP, PMP) is a plus.
Responsibilities
The role focuses on monitoring and controlling project costs through accurate budgeting, reporting, and forecasting. It involves tracking actual costs against budgets, analyzing variances, and validating financial documents to ensure compliance.