Cost Control Director

Job Summary:

The Cost Control Director is responsible for overseeing the organization’s cost management processes, including planning, monitoring, reporting, and controlling project and departmental budgets. This role ensures alignment with management's financial directives, identifies opportunities for cost savings, and implements effective cost control procedures across the organization. The Cost Control Director provides strategic insights, monitors financial performance, and drives efficiency in resource allocation.

Key Responsibilities:

1. Cost Management & Budgeting

• Develop, manage, and oversee project and departmental budgets to ensure alignment with organizational financial goals.
• Prepare cost estimates for projects, accounting for all potential expenses and risks to provide accurate forecasts.
• Monitor project expenditures and track costs against budgets, identifying variances and areas for corrective action.
• Prepare detailed financial reports, cost summaries, and key metrics for senior management.
• Analyse cost variances and provide actionable recommendations to address financial discrepancies.

2. Risk Management & Contract Oversight

• Identify financial risks and implement strategies to mitigate potential cost overruns.
• Review and manage contracts to ensure compliance with financial terms and address cost-related issues.

3. Process Improvement & Communication

• Implement and maintain cost control systems and processes to improve financial oversight and accuracy.
• Communicate effectively with project managers, finance teams, and stakeholders regarding cost matters.
• Continuously identify and implement improvements to cost control practices to enhance efficiency and accuracy.

Additional Responsibilities:

• Lead and mentor cost control teams to build high-performing units.
• Contribute to organizational planning and strategic decision-making from a financial perspective.

Job Knowledge & Skills:

• In-depth knowledge of financial management, budgeting, and cost estimation.
• Strong analytical skills to identify cost variances and provide actionable insights.
• Understanding of contract management and negotiation for effective financial compliance.
• Proficiency in implementing cost control systems and ERP tools (SAP preferred).
• Excellent communication, leadership, and team management skills.

Experience Requirements:

• Minimum 9 years of relevant working experience.
• At least 6 years in a supervisory or leadership position.
• GCC experience is preferred (minimum 3 years).

Education:

• Bachelor’s degree in civil engineering or quantity surveying.
• Professional qualifications such as an MBA or MMUP Engineer Registration (UPDA) are desirable.