Summary
Power International Holding is hiring a Cost Control Engineer for a project role in Saudi Arabia. The engineer will monitor and forecast project costs, maintain cost and commitment schedules, manage budget transfers, review cost allocations, and report deviations and cost overruns. The role also includes site visits, progress verification, job cost reporting, invoice variance analysis, and support for quality and HSE procedures. Applicants should have a bachelor's degree in Civil Engineering or Engineering, MMUP/UPDA engineer registration, and at least eight years of work experience, including five relevant years; GCC experience is an advantage.
The posting
As published on powerholding-intl.com. Pulled from the employer's site and shown as they wrote it.
Job Summary
The Cost Control Engineer coordinates in all aspects of the cost capturing, monitoring and forecasting effort for their assigned project with proper documentation. Ensures in delivering the complete suite of cost-control services and financial support for projects. This position maintains the project cost information, and with the Project Controls Lead shall oversee variations and revisions to existing budgets.
Job Responsibilities 1
Monitor, control and report on projects in terms of cost history and forecast
Maintain planned and actual cost and commitment schedules.
Maintain internal labor and project costs to allocated budget.
Create Budget Transfer Requests as directed by the project teams
Implement approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner.
Receive no more than 5 non-compliances per month and ensure there resolution 100% within 10 days
Manage cost control on site and be able to complete and confirm all works within budget.
Monitor daily operations assigned for the cost control to ensure compliance with the established standards and procedures.
Process and Approve MR, PO, S/C Agreement, PC, SRV, SIV within 10 Working Hrs. of their creation.
Develops cost structures for all activities, ensuring the agreement with the allocated budgets, plans and accurately assigning costs to designated items to provide better means for controlling day-to-day activities.
Daily verifications of the cost allocation of transaction to cost codes and reallocating as needed within 10 working Hrs. of the entry time.
Visits the Sites at least once weekly to verify the progress measurements
Uploads the verified BCWP into the ERP System no later than 1 days after the Cut of Date
Maintains internal labor and project costs to allocated budget and flag deviations to project management.
Be able to reflect the workforce Productivity report and Man-hour trends and include in MJCR
Perform cost analysis and advises management on cost over-runs. Work with computerized databases to manage deviations and minimize costs.
Produce the Weekly Job Cost Report within 3 Days from the end of the week
Job Responsibilities 2
Assist in the Production of the Monthly Job Cost Report and achieve it within 15 days from the end of the Monitor and review accounts to ensure timely invoicing is done in an efficient manner.
Review submitted client invoices and studies the variance from realistic values by producing Over/Under
Invoicing calculations within 3 days from the end of the month
Observe with all relevant safety, quality, health and environmental procedures to ensure a healthy and safe work environment.
Receive no more than 1 nacres per month across all projects, related to QA or HSE.
Create Budget Transfer Requests as directed by the project teams and provide feedback on alternative methods of construction
Provide accurate calculations of budget transfer and achieve no more than 10% correction at final approval stage
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 Knowledge & Skills
Knowledge of cost control packages such as CCS (Candy) will be a distinct advantage
Knowledge in the use of MS Project, Primavera Scheduling
Knowledge in project cost planning, scheduling and reporting
Knowledge on Quality Management System
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 plus
Competencies
Resilience
Quality_321977507
Leadership_321977503
Claim Studies L3
Projects-Commercial L3
Cost Control L3
Cost Estimating L3
Agility
Financial Reporting L3_323747999
AI Fluency
Education
Profesional degree in MMUP Engineer Registration (UPDA)
Bachelor's Degree in Civil Engineering or Engineering