ENGINEER, COST CONTROL

Job Purpose

We are currently seeking a highly skilled and motivated Cost Control Engineer to join our dynamic team. The ideal candidate will play a crucial role in the planning and execution of projects, ensuring that all aspects are organized, coordinated, and completed in a timely manner. This position requires a strong understanding of project management principles, excellent communication skills, and the ability to collaborate effectively with cross-functional teams.

Key Accountability Areas

Cost Estimating, Budgeting, and Tracking:

• Develop and maintain project budgets considering all potential costs (labor, materials, equipment, subcontractors, etc.), ensuring accurate and timely reporting of project costs.
• Track and monitor project expenditures, comparing actual costs to budgeted costs, and report any variances to project management.

Cost Forecasting and Control:

• Prepare cost forecasts to predict future financial outcomes of projects and provide recommendations for cost control measures.
• Analyze cost trends, identify potential risks, and prepare regular cost reports for projects.

Change Management and Scope Control:

• Manage and control changes to project scope, budget, and schedule, ensuring that all changes are properly documented and approved.

Performance Evaluation and Alignment:

• Evaluate project performance using earned value management.
• Coordinate with project planners and schedulers to ensure that project timelines and milestones are aligned with budget constraints.

• Develop and maintain project budgets considering all potential costs (labor, materials, equipment, subcontractors, etc.), ensuring accurate and timely reporting of project costs.
• Track and monitor project expenditures, comparing actual costs to budgeted costs, and report any variances to project management.
• Prepare cost forecasts to predict future financial outcomes of projects and provide recommendations for cost control measures.
• Manage and control changes to project scope, budget, and schedule, ensuring that all changes are properly documented and approved.
• Evaluate project performance using earned value management
• Coordinate with project planners and schedulers to ensure that project timelines and milestones are aligned with budget constraints.
• Analyze cost trends, identify potential risks and prepare regular cost reports for projects.

Role Accountability

HR Proficiency:

• Ability to obtain updated soft and technical skills related to the job.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

• Required Experience: (5-8 years) with Construction’s field. 
• Good experience with SAP System.  
• Good experience with all Microsoft office & Power BI.
• Good Experience with Cost Control field.  
• Proficiency in project management software.
• Strong analytical and communication skills.

Academic Qualification

Technical / Functional Competencies