Senior Cost Control Officer

Full time at Power International Holding (PIH) in Qatar

Posted on February 21, 2025

Job details

The Senior Cost Control Officer works collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability. The role is responsible for controlling and monitoring project total expenditure, including verifying and checking invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.

Job Responsibilities

Provide planning and cost controlling support for all projects which includes variation reporting, monitoring of milestone progress, and preparation of customer billing processes.
Perform and manage project activity scheduling and monitoring; develop and maintain program and project cost reports and cost tracking.
Develop and audit cost forecasts variances, as needed.
Work with all relevant project personnel to ensure that cost control procedures are in place.
Assist in setting up project(s) with Computerized Cost System upon agreed format.
Assist the project manager in identifying and gaining approval of estimates/change requests.
Review cost commitment and expenditure information for all cost elements for input to the computerized cost control and reporting system on a consistent basis, ensuring that all information received is accurate and correctly input.
Prepare regular cost reports and advise management of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner.
Highlight cost areas of concern and suggest areas of improvement.
Maintain comprehensive accessible registers of financial approvals, variations, and change orders.
Liaise with the finance department regarding establishing monthly evaluation of work done, goods received, and services rendered for invoice preparation and verification.
Ensure that all cost-related work is in compliance with procurement contract(s).
Prepare and process payment requests received from Procurement.
Review invoices to ensure that all the information appearing on them is accurate and complete.
Ensure the 3-way match of payment (PO, SRV/Delivery note, and Invoice).
Update and provide Payment Tracking Reports.
Coordinate with suppliers to ensure the availability of statements of account before processing payments.
Prepare reconciliation of Supplier Account; reconcile vendor statements with our own balances and make corrections of discrepancies, if any.
Coordinate for timely resolution of any disputes.

Job Knowledge & Skills

In-depth knowledge of engineering/design/job working instruction/procedures.
Good project control practices in planning and scheduling and overall awareness of projects.
Project cost planning, scheduling, and reporting.
MS Project, Primavera Scheduling, and SAP software is highly advantageous.
Understands the corporate and project(s) specific cost procedures and carries out all work.
Understand all relevant project documents relating to cost management.
ERP knowledge, preferably SAP functional skills, are a requirement to be successful in this role.

Job Experience

Minimum 5 years working experience, 3 years relevant working experience, 2 years GCC is a plus.

Education

Bachelor's Degree in Civil Engineering or Engineering. #J-18808-Ljbffr

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Hiring company

Power International Holding (PIH)

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Home Qatar Senior Cost Control Officer

Senior Cost Control Officer

Job details

Job Responsibilities

Job Knowledge & Skills

Job Experience

Education

Apply safely

Hiring company

Power International Holding (PIH)

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