Cost Control Engineer

at  Belhasa Projects LLC

1. Budget Management
   · Develop, manage, and update project budgets based on the Estimated Cost.
   · Ensure that the project remains within the allocated budget.
   · Identify cost variances and analyze their causes.
2. Cost Estimation and Forecasting
   · Prepare detailed breakdown based on the cost estimates for labor, materials, equipment, and other resources.
   · Forecast project expenses to predict potential overruns or savings.
3. Cost Monitoring
   · Track project expenditures against the budget.
   · Maintain records of all costs incurred during the project lifecycle.
   · Provide regular cost reports to project managers and Operations manager.
4. Financial Reporting
   · Generate periodic cost reports, including variance analysis, cash flow, and profitability analysis.
   · Present financial insights and recommendations to management.
5. Change Management
   · Assess the financial impact of project changes, including scope changes, design modifications, and unforeseen issues.
   · Provide cost implications for change orders and variations.
6. Risk Management
   · Identify potential financial risks in the project.
   · Develop mitigation strategies for cost-related risks.
7. Procurement Support
   · Collaborate with procurement teams to evaluate vendor bids and contracts for cost efficiency.
   · Ensure compliance with budgetary constraints during procurement.
8. Cost Control Tools and Systems
   · Implement and maintain cost control systems and software.
   · Train project staff on cost management tools.
9. Coordination with Other Staff
   · Work closely with project managers, quantity surveyors, and financial teams.
   · Provide cost-related advice to assist in decision-making.
10. Compliance and Documentation
    · Ensure that all project costs adhere to company policies and industry standards.
    · Maintain comprehensive records of all financial transactions and project documentation.
    11.Skills and Qualifications
    · Strong analytical and problem-solving skills.
    · Proficiency in cost control software and tools (e.g., Primavera, MS Project, SAP and MS Office).
    · Knowledge of construction methods, materials, and market pricing.
    · Excellent communication and teamwork abilities.
    · Should be Engineering graduate from reputed university.
    Job Type: Full-tim

Please refer the Job description for details