Cost Analyst

Scope:

Responsibility for receiving budget and costs data from Maintenance divisions, preparing Maintenance operations budgets and cost estimates, tracking costs and expenditures and reporting on financial performance results.

Key Duties, Responsibility & Accountabilities

1. Develop and prepare Maintenance Divisions operating budgets and cost estimates in coordination with Routine Maintenance Team and Contract Admin Leader.
2. Monitor actual expenditures versus planned budgets and forecasts and prepare deviation reports with explanations to the Contract Admin Leader.
3. Provide other maintenance divisions with accurate information pertaining actual and planned budgets, forecasts, and expenditures.
4. Identify areas of concern for potential cost overruns or under-spends; recommend actions or solutions where possible to maintain expenditure within budget.
5. Participate in setting financial Key Performance Indicators for Maintenance Divisions and report on their performance or a regular basis.
6. Monitor and review maintenance services’ Contractors expenditures in coordination with maintenance team and ensure that all contractors’ expenditures are within budget.
7. Utilize the SAP system to support effective budget decision making and financial monitoring and management.
8. Review Contractor’s cost reports and work progress and provide comments and recommendations to budget holder
9. Perform other related duties as assigned by the Contract Admin Leader.
10. Invoice Verification
11. Supporting Material and Services Procurement Division (MSPD) in commercial evaluations and providing feedback to MSPD for on-going contracts for cost optimization and better control.
12. Providing accruals and other data to budget & planning Analyst for Management reports.
13. Covering Cost/Contracts Engineer during his absence.
14. Writing instructions/procedures for invoicing in the light of contract.

Requirements:

• Technical/ Vocational Diploma or, Associate Degree in the related field.
• 8+ years of experience in similar technical/ industrial field of work.
• Strong knowledge of maintenance services budget and cost control.
• Ability to monitor all cost aspects of maintenance services.
• Ability to develop & prepare Maintenance Operating Budget and Cost Estimates.
• Conversant with SAP and Microsoft Office applications.
• Monitor and review maintenance services’ Contractors expenditures.