Project Cost Controller - Construction

Overview:

We are seeking a highly skilled and detail-oriented Project Cost Controller to oversee cost management aspects of our construction project. The ideal candidate will play a pivotal role in ensuring the project’s success by maintaining budgetary control, analyzing costs, and providing accurate variance analysis and cost saving options. This position requires a proactive individual with a strong understanding of construction cost management and industry best practices.

Key Responsibilities:

• Budget Management:
• Develop, monitor, and manage the project’s budget in coordination with the Project Management and Finance team.
• Ensure all expenditures align with the approved budget and contractual agreements.
• Cost Analysis and Forecasting:
• Conduct detailed cost analyses to identify potential risks and opportunities for cost optimization.
• Prepare accurate cost forecasts, ensuring financial objectives are met throughout the project lifecycle.
• Financial Reporting:
• Generate and present comprehensive financial reports, including cost tracking, variance analysis, and cash flow statements.
• Provide regular updates to stakeholders on project financial performance compared to the set budgets.
• Resource Allocation:
• Collaborate with procurement and project teams to ensure cost-effective allocation of materials, labour, and equipment.
• Monitor and evaluate supplier and subcontractor costs to ensure alignment with project budgets.
• Compliance and Documentation:
• Ensure all financial activities comply with company policies, contractual requirements, and relevant regulations.
• Maintain detailed records of all cost-related activities and documentation for audit purposes.
• Risk Management:
• Identify and assess financial risks associated with the project and recommend mitigation strategies.
• Proactively address potential cost overruns and implement corrective measures.
• Stakeholder Coordination:
• Act as the primary point of contact for projects cost-related matters, liaising with internal and external stakeholders.
• Support the Project Manager in decision-making by providing financial insights and recommendations.

Qualifications and Experience:

• Bachelor’s degree in Civil Engineering, Finance, Accounting, or a related field.
• Professional certifications such as Certified Cost Professional (CCP) or Project Management Professional (PMP) are highly preferred.
• Minimum 5 years of experience in cost control, preferably within the construction industry.
• Proven track record of managing financial aspects of large-scale projects.
• Proficiency in cost management software and tools such as Primavera, SAP, and MS Excel.

Key Skills:

• Strong analytical and problem-solving skills.
• Excellent communication and stakeholder management abilities.
• Expertise in budgeting, cost estimation, and financial forecasting.
• Attention to detail and commitment to accuracy.
• Knowledge of construction industry standards and financial regulations.

Job Type: Full-time

Experience:

• Cost Controller: 5 years (Required)
• Construction Industry: 5 years (Required)

Location:

• Muscat (Required)