Develop detailed project and departmental budgets, ensuring they align with overall organizational financial goals.
Monitor and track project expenditures continuously, comparing actual costs against budgeted amounts.
Review and manage contracts, ensuring compliance with financial terms and addressing any cost-related issues.
Analyze cost variances, identify reasons for discrepancies, and recommend corrective actions to manage budget deviations.
Generate detailed financial reports, highlighting key metrics, trends, and issues for senior management and stakeholders.
Communicate effectively with project managers, finance teams, and other stakeholders to ensure alignment on financial matters.
The Cost Control Manager ensures the financial health of projects by developing, monitoring, and managing budgets. They provide accurate cost estimates, track expenditures, and identify variances to maintain financial control. Their role involves implementing effective cost control systems and strategies to optimize resource allocation and achieve financial efficiency.
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
Implement and maintain robust cost control systems and procedures to ensure financial accuracy and efficiency.
Prepare accurate cost estimates for projects, incorporating all potential expenses and risks to forecast financial needs.
Identify opportunities for improving cost control practices and processes, implementing changes to enhance financial management.
Identify financial risks and develop mitigation strategies to prevent cost overruns and budgetary impacts.
Expertise in budgeting, cost estimation, and financial analysis to ensure accurate and effective financial planning.
Understanding of contract terms and negotiation to oversee financial compliance and address cost-related issues.
Minimum 12 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus
Excellent communication skills for reporting to stakeholders and strong leadership abilities to manage and guide financial teams.
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Knowledge of risk assessment and mitigation strategies to manage potential financial risks and cost overruns.
Strong analytical skills to interpret financial data, identify cost variances, and provide actionable insights.
Benefits