Cost Control Manager

The Cost Control Manager ensures the financial health of projects by developing, monitoring, and managing budgets. They provide accurate cost estimates, track expenditures, and identify variances to maintain financial control. Their role involves implementing effective cost control systems and strategies to optimize resource allocation and achieve financial efficiency.

Key Responsibilities:

• Develop detailed budgets for projects and departments that align with company goals.
• Prepare accurate cost forecasts, including all potential expenses and risks.
• Track actual spending vs. budgeted amounts and analyse any differences.
• Create financial reports with key metrics and trends for management.
• Set up and maintain systems to ensure financial accuracy and efficiency.
• Identify financial risks and create plans to avoid cost overruns.
• Review contracts to ensure financial terms are followed and resolve cost issues.
• Work closely with project managers, finance teams, and others to stay aligned.
• Suggest and implement improvements to cost control practices.
• Participate in safety initiatives and incident reporting in line with company policies.

Requirements:

• Bachelor's in finance, Accounting, Economics, Public or Business Administration
• Masters in Accounts and Finance (preferred)
• The candidate should have over 8 years of total experience, including at least 5 years in a supervisory role, with 2 years of experience in the GCC region preferred .
• Strong budgeting, cost estimation, and financial analysis skills
• Excellent analytical and reporting abilities
• Knowledge of risk mitigation and contract management
• Strong communication and leadership skills
• ERP experience (preferably SAP)