Senior Cost Control Engineer
Full time
at Saudi Petroleum Services Polytechnic
in
Saudi Arabia
Posted on February 20, 2025
Job details
- Develop and maintain project budgets, collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively.
- Monitor project expenditures against budgetary constraints, conducting regular analyses to identify discrepancies and potential cost overruns.
- Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions.
- Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.
- Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.
- Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.
- Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.
- Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.
- Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.
- Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.
- ERP knowledge, preferably SAP functional skills, are a requirement to be successful in this role.
- Demonstrate strong interpersonal, communication, and presentation skills.
- Adept in managing various aspects of a project, from planning to final implementation.
- Detailed approach towards offering practical solutions to existing problems.
- Strong command of presentation and communication attributes.
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