Cost Control Supervisor,

Full time at a Laimoon Verified Company in Saudi Arabia

Posted on June 29, 2024

Job details

Cost control supervisor is responsible for monitoring expenses, comparing budgets with actual spending, and overseeing cost management during major changes in products or processes. generate reports that influence managerial decisions and should have expertise in data and financial analysis. Their role involves setting standard costs, examining discrepancies in expenditures, and producing detailed reports both regularly and as needed. Additionally, they design and oversee budgets, track expenditures, and perform financial process audits and transaction evaluations. Skills like problem-solving, team-working, project management and being detail-oriented are highly desirable Principal Accountabilities: (the 6-9 main areas of responsibility) Cost control supervisor Continuous monitoring of actual costs.Prepare the detailed planning of the project's budget.Ensure department managers meet budget submission deadlinesAnalyse financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budgetCo-ordinate with Projects cost controller / Project manager / Director Forecasting future expenditures.Examining discrepancies in expendituresOptimizing as necessary to avoid budget overruns.Maintenance of the allocation system (cost center - allocation methodology - cost category)Performing the month end close closing activity and checklist. Preparation of the project performance reports Closely cooperate with operation team Participate in the Simplification (standardized the process) Self-ManagementDefine performance goals at the start of the year in discussion with the reporting manager and ensure that the goals are monitored and achieved during the course of the yearTake ownership of your own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just trainingUnderstand the competencies relevant to the role, and work towards displaying as well as developing these effectivelyKeep abreast of relevant professional developments, new techniques, and current issues through continued education and professional networksHandle any additional tasks as per business needsPolicies, Processes & ProceduresFollow all relevant company and ePMO department policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.Comply with all relevant safety, quality, and environmental management policies, procedures, and controls to ensure a healthy and safe work environment.Comply with all relevant information security practices and standards to ensure data integrity and confidentiality.Key Relationships: (What are the key internal and external relationships necessary for achievement of the job accountabilities) InternallyPlanning & Cost Control Supervisor PMO Department Employees Finance Department Employees Projects Employees ExternallyVendorsSubcontractors Consultants Governmental Authorities & MinistriesRequired Academic Qualification Specification Bachelor Degree Engineering, Construction Management, costing knowledge Years of Experience 8+ years of relevant experience in construction projects cost control PMP Certificate preferrable. CMA or any financial certificates Skills and Competencies (What is required for fully acceptable performance in the job?) Name Level Cost Consciousness Basic Project Management Basic Process Improvement Basic Follow Up & Coordination Basic Stakeholders Management Basic

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Cost Control Supervisor,

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Home Saudi Arabia Cost Control Supervisor,

Cost Control Supervisor,

Job details

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Hiring company

Confidential

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