We are currently seeking a detail-oriented and analytical
Cost Control Engineer
to join our project management team. The successful candidate will be responsible for monitoring, analyzing, and controlling project costs to ensure completion within the approved budget and timelines. This role plays a critical part in financial planning, forecasting, and reporting throughout the project lifecycle.
The ideal candidate should have strong knowledge of cost control principles, excellent analytical skills, and experience working in complex engineering or construction environments.
Key Responsibilities
Develop and implement
cost control systems, procedures, and tools
to monitor project budgets and expenditures.
Prepare and maintain
detailed cost reports
, forecasts, and variance analyses.
Track and report
actual costs vs. planned budgets
, identifying deviations and recommending corrective actions.
Support project managers in
budget planning, cash flow projections, and financial reporting
.
Analyze project performance and prepare
earned value management (EVM)
reports.
Review and validate
invoices, purchase orders, change orders, and subcontractor claims
.
Collaborate with the planning and scheduling team to ensure alignment between
cost and schedule
.
Participate in
risk assessments
, identifying cost-related risks and proposing mitigation strategies.
Ensure compliance with company policies, client requirements, and industry standards.
Assist with the preparation of
monthly cost reports
, progress reports, and financial presentations for management and stakeholders.
Qualifications
Bachelor's degree in
Engineering, Construction Management, Finance
, or a related field.
3-7 years of experience
in cost control, project controls, or project accounting in construction, engineering, or oil & gas sectors.
Proficient in cost control software such as
Primavera P6, MS Excel (advanced), SAP, or Oracle ERP
systems.
Solid understanding of
cost estimation, budgeting, and financial analysis
.
Strong analytical and problem-solving skills with a keen attention to detail.
Familiarity with
earned value management (EVM)
and project control principles.
Excellent communication, organizational, and reporting skills.
PMP or CCP (Certified Cost Professional) certification is a plus.
Preferred Attributes
Ability to work under pressure and meet tight deadlines.
Team-oriented with the ability to collaborate across departments.
Proactive and adaptable in fast-paced project environments.
Job Type: Full-time
Experience:
* UAE: 5 years (Required)
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