Summary
Innovo Group is seeking a Cost Control Engineer for Innovo MEP in Dubai. The role monitors project expenditure against approved budgets and prepares cost reports, forecasts, variance analyses, and cash flow updates. It also supports project budgets, tracks approved variations, and coordinates cost data with quantity surveying, procurement, and finance teams. Applicants should have a bachelor’s degree in Engineering, Finance, or Quantity Surveying and 4–6 years of cost control experience in MEP or construction; advanced Excel skills are required, and ERP proficiency is preferred.
The posting
As published on innovogroup.com. Pulled from the employer's site and shown as they wrote it.
Role Purpose
To monitor and control project costs for Innovo MEP, tracking actual expenditure against approved budgets and providing timely cost reports to support project management decision-making.
Key Accountabilities
Cost Monitoring
- Track and analyse project costs against approved budgets on a weekly and monthly basis.
- Identify cost variances and escalate significant deviations to the Cost Control Team Leader.
Cost Reporting
- Prepare monthly cost reports, cost-at-completion forecasts, and variance analyses.
- Maintain cost databases and ensure all project transactions are correctly coded.
Cash Flow Reporting
- Prepare project cash flow forecasts and track actual spend versus forecast.
- Highlight cash flow risks and funding gaps to the Cost Control Team Leader.
Budget Management Support
- Assist in project budget setup and cost baseline establishment.
- Liaise with QS, procurement, and finance to ensure cost data accuracy.
Change Control
- Track approved variations and update project cost baselines accordingly.
- Verify that cost impacts of change orders are correctly captured in cost reports.
Innovation & Value Creation
- Introduce modern tools, technologies and processes that improve efficiency and transparency.
- Encourage innovative thinking to enhance outcomes and reduce costs without compromising quality.
Qualifications, Experience, Knowledge & Skills
Bachelor's degree in Engineering, Finance, or Quantity Surveying
Minimum 4–6 years of cost control experience in MEP or construction
Advanced Excel skills; ERP proficiency preferred
Strong analytical and reporting skills