COST CONTROLL SPECIALIST

Job Summary:

The Cost Control Specialist is responsible for monitoring, analyzing, and reporting project and operational costs to ensure budget compliance and financial efficiency. This role works closely with project managers, finance teams, procurement, and other stakeholders to provide accurate forecasting, cost analysis, and recommendations for cost optimization.

Key Responsibilities:

• Develop and maintain cost control systems, procedures, and standards.
• Track, monitor, and report project budgets, expenditures, and forecasts.
• Analyze cost variances and provide actionable insights to mitigate risks.
• Collaborate with project and finance teams to ensure cost control alignment with project goals.
• Review and validate invoices, purchase orders, and contracts for cost accuracy and compliance.
• Prepare and present detailed cost reports and dashboards for management review.
• Support month-end and year-end financial closing processes.
• Ensure cost control processes comply with company policies and industry standards.
• Identify opportunities for cost savings and recommend improvements.
• Assist in the development of project cost estimates and budgets.

Qualifications:

• Bachelor's degree in Finance, Accounting, Engineering, Business Administration, or a related field.
• [2–5+] years of experience in cost control, budgeting, or financial analysis (preferably in construction, oil & gas, manufacturing, or engineering industries).
• Strong understanding of cost control principles, budgeting, and forecasting.
• Proficient in MS Excel and project management or ERP systems (e.g., SAP, Oracle, Primavera P6).
• Excellent analytical, organizational, and problem-solving skills.
• Strong attention to detail and accuracy.
• Effective communication and teamwork skills.

Preferred Qualifications:

• Experience in large-scale project environments.
• Certification in cost control (e.g., CCP by AACE, PMP, etc.) is a plus.
• Familiarity with contract management and procurement processes.

Working Conditions:

• Office-based with potential travel to project sites.
• May require extended hours during critical project phases or reporting deadlines.

Job Type: Full-time