Lead Cost Control Engineer
تفاصيل الوظيفة
Job SummaryThe Lead Cost Control Engineer is responsible for managing and optimizing project expenditures throughout the construction lifecycle, ensuring adherence to budgetary constraints. This includes overseeing cost estimation, tracking, and reporting processes, identifying variances, and implementing corrective actions to maintain financial targets. Through meticulous analysis and strategic planning, the role maximizes cost efficiency and supports the timely delivery of high-quality projects.Job ResponsibilitiesDevelop and implement cost control procedures and systems to monitor project expenditures and ensure adherence to budgetary constraints.Collaborate with project managers and stakeholders to establish project budgets, cost forecasts, and expenditure plans.Conduct detailed cost estimation and analysis for project components, materials, labor, and overhead expenses.Track and analyze project costs, identifying variances, trends, and potential cost-saving opportunities.Prepare regular cost reports and presentations for project stakeholders, highlighting key financial metrics and performance indicators.Review contractor and vendor invoices, verifying accuracy and adherence to contract terms and pricing agreements.Evaluate change orders and variations to assess their impact on project costs and timelines, and negotiate with stakeholders as necessary.Implement cost control measures to mitigate risks and minimize cost overruns, including value engineering and cost-saving initiatives.Provide guidance and support to project teams on cost-related matters, offering recommendations for cost-effective solutions and strategies.Continuously monitor market trends, pricing fluctuations, and regulatory changes that may impact project costs, and adjust cost control strategies accordingly.Job Knowledge & SkillsProficiency in financial analysis techniques to assess project costs, identify trends, and analyze variances. This includes knowledge of financial modeling, cost estimation methodologies, and understanding of accounting principles.Strong project management skills to effectively plan, organize, and prioritize tasks related to cost control activities.Familiarity with cost control software and tools such as Primavera, Procore, or similar platforms used for budget tracking, forecasting, and reporting.Knowledge of contract management principles and experience in reviewing contracts, change orders, and vendor agreements to ensure compliance with cost control objectives.Excellent communication and interpersonal skills to effectively liaise with project teams, contractors, vendors, and other stakeholders.ERP knowledge, preferably SAP functional skills, are a requirement to be successful in this role.Job ExperienceMinimum 8 years of working experience, with 5 years of relevant working experience, and 2 years in the GCC being a plus.CompetenciesAccountabilityBuild High-Performing TeamsChange Management L3Claim Studies L3CollaborationCost Control L3Financial Reporting L3LeadershipProvide DirectionQualityResilienceTime and Task Management L3EducationBachelor's Degree in Engineering or any related field.
#J-18808-Ljbffr Quality Engineering
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