Summary
Estithmar Holding is hiring a Senior Cost Control Manager to oversee cost planning, estimating, budgeting, and value management across projects and departments. The role tracks expenditures, analyses cost variances and risks, manages cost-related contract matters, and reports financial performance to senior management. It also leads a cost control team and supports HSE initiatives. Applicants need a bachelor’s degree in Civil Engineering or Quantity Surveying, at least 8 years of work experience including 5 years in a relevant supervisory role, and proficiency with CCS (Candy); 2 years of GCC experience is a plus.
The posting
As published on estithmarholding.com. Pulled from the employer's site and shown as they wrote it.
Job Summary
The Senior Cost Control Manager oversees the areas of conceptual estimating, budget development, cost planning and value management. This position is responsible for the Company-wide cost plans, monitors and reports on the Company project cost plans, and monitors cost and collects the cost data to ensure conformity with the Management's budget directives cost tracking, forecasting; and financial reporting.
Job Responsibilities 1
Lead the development and management of comprehensive budgets for large-scale projects and departments, ensuring alignment with organizational goals.
Supervise the preparation of detailed cost estimates, incorporating potential risks and ensuring accuracy.
Oversee the continuous tracking of project expenditures, ensuring they stay within budget and addressing any deviations.
Conduct thorough analysis of cost variances, identify root causes, and implement corrective actions.
Prepare and present detailed financial reports to senior management, highlighting key metrics, trends, and potential issues.
Identify financial risks associated with projects and develop strategies to mitigate them, ensuring financial stability.
Review and manage complex contracts, ensuring compliance with financial terms and resolving any cost-related disputes.
Implement and maintain advanced cost control systems and processes to enhance financial oversight and efficiency.
Communicate effectively with project managers, finance teams, and senior executives, ensuring alignment on financial objectives and strategies.
Lead and mentor a team of cost control professionals, fostering a culture of continuous improvement and financial discipline.
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 and estimating packages such as CCS (Candy) is essential
Strong understanding of financial principles and cost accounting methodologies.
Proficiency in budgeting, forecasting, and financial analysis techniques.
Advanced knowledge of project management principles and practices.
Excellent analytical skills to interpret cost data and identify trends and variances.
Effective communication and interpersonal abilities to liaise with project teams, stakeholders, and vendors. Computer skills: MS applications and Primavera 6 but not essential
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role
Job Experience
Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus
Competencies
Agility
AI Fluency
Resilience
Quality_321977507
Leadership_321977503
Inventory Management L4
Project Planning L4
Cost Control L4
Time and Task Management L4
Projects-Commercial L4
Build High-Performing Teams
Speed of Execution
Build Process and Systems
Provide Direction
Drive Cost Optimization
Education
Bachelor's Degree in Civil Engineering or Quantity Surveying