Cost Control Engineer (HQ)

Job description

This role is responsible for implementing and managing cost control strategies to ensure effective financial management and project profitability. Key duties include monitoring and analyzing financial data, preparing reports and budget forecasts, coordinating with project managers to track costs, reviewing and approving expenses, conducting audits, and identifying cost-saving opportunities. The position also involves training and mentoring cost control staff, supporting the finance team, collaborating on efficiency initiatives, staying updated on industry best practices, and ensuring compliance with the employer’s quality, safety, and environmental policies, along with other assigned tasks. • Develop and implement cost control strategies and procedures to ensure effective financial management • Monitor and analyze financial data to identify cost-saving opportunities and improve profitability • Prepare and present financial reports, budget forecasts, and variance analysis to senior management • Coordinate with project managers and department heads to track and control project costs • Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits • Conduct regular audits of financial records and procedures to identify and resolve discrepancies • Train and mentor cost control staff to ensure their understanding of cost control processes and procedures • Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency • Stay updated on industry trends, regulations, and best practices in cost control and financial analysis • Provide guidance and support to the finance team on cost control matters • Informs themselves of the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures in place within the employer, and ensures continued compliance with these requirements while employed by the employer • Perform other duties as assigned by the line manager/supervisor.

Requirements

• Bachelor / Master Degree in Accountant or Engineering from an accredited university.
• Minimum 10 years’ experience in related field on national / international major initiatives and developments.
• Extensive knowledge and experience in project cost.
• Extensive experience in managing and prioritizing projects costs.
• Ability to present budgeting plans and requirements to senior management and other government authorities.
• Ability to negotiate with multiple stakeholders to secure cost for projects
• Capable to fluently communicate in Arabic and English
• Excellent Verbal and written communication skills.

Skills