Summary
Power International Holding is seeking a Senior Cost Control Engineer for a role in Saudi Arabia. The position manages project budgets, tracks expenditure, analyzes cost variances and prepares financial performance reports. It also supports cost-control procedures, risk mitigation, resource planning and HSE initiatives, while guiding junior staff. Applicants should have a bachelor’s degree in civil engineering or engineering and at least eight years of work experience, including five relevant years; GCC experience is a plus. CCS (Candy) knowledge is essential, while Primavera P6 and MS applications are listed as non-essential.
The posting
As published on powerholding-intl.com. Pulled from the employer's site and shown as they wrote it.
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 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 plus
Competencies
Resilience
AI Fluency
Quality_321977507
Leadership_321977503
Change Management L3_371007384
Claim Studies L3
Time and Task Management L3
Cost Control L3
Agility
Financial Reporting L3_323747999
Education
Bachelor's Degree in Civil Engineering or Engineering