Cost Control Engineer

Responsible for controlling project cost performance, forecasting final cost, supporting change management, and providing accurate financial and commercial visibility to project and executive management.

Key Responsibilities

• Develop and implement cost control processes and procedures to track and manage project costs.
• Assist in preparing project budgets in cooperation with all concerned parties.
• Monitor and capture actual costs against budgets and identify variances, providing analysis and recommendations.
• Integrate the work progress with the incurred costs to develop the cost KPIs
• Prepare detailed forecasting reports, accurately highlight variances, and propose corrective actions.
• Collaborate with project managers, procurement, and finance teams to optimize costs.
• Identify opportunities for cost savings and process improvements
• Prepare regular cost control reports for management review
• Maintain cost records and documentation to support audits and compliance
• Capacity to analyze financial data, identify cost trends, and provide recommendations for improvements

Qualifications & Technical Skills

• Bachelor's degree in engineering
• 6-8 years of experience in cost control
• Hold recognized certificates related to cost management is preferred
• Strong analytical and problem-solving skills
• Proficiency in cost estimating, budgeting, and cost accounting principles
• Advanced skills using Excel is a must
• Power BI is preferred
• Excellent communication and interpersonal skills