Senior Cost Control Engineer at Power International Holding

, , Saudi Arabia -

Full Time

Start Date

Immediate

Expiry Date

28 Feb, 26

Salary

0.0

Posted On

30 Nov, 25

Experience

5 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Estimating, Cost Management, Change Control, MS Applications, Primavera 6, Multi-Project Resource Planning, Project Management, ERP, SAP, Financial Reporting, Variance Analysis, Cost Control Procedures, Risk Assessment, Budgeting, Resource Allocation, HSE Initiatives

Industry

Holding Companies

Description

Job Summary The Senior Cost Control Engineer is to manage project budgets, monitor expenditures, and analyze 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. Their role is crucial in maintaining project profitability and adherence to financial objectives. Job Responsibilities 1 Develop and maintain project budgets, collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively. Monitor project expenditures against budgetary constraints, conducting regular analysis to identify discrepancies and potential cost overruns. Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions. Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders. Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities. Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations. Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges. Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting. Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness. Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team. Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies Job Responsibilities 2 Additional Responsibilities 3 Job Knowledge & Skills Knowledge of Cost estimating packages such as CCS (Candy) is essential Knowledge in Cost Management, Estimating and Change Control Computer skills: MS applications and Primavera 6 but not essential Knowledge of multi-project resource planning Demonstrable project and programme management experience allowing a comprehensive knowledge and understanding of the fundamental principles and technique ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.Job Experience Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plusCompetencies ResilienceQualityLeadershipChange Management L3Claim Studies L3Time and Task Management L3Cost Control L3AgilityFinancial Reporting L3Education Bachelor's Degree in Civil Engineering or Engineering

Responsibilities

The Senior Cost Control Engineer manages project budgets, monitors expenditures, and analyzes 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.