Cost control Engineer

Responsibilities

• Implement and maintain the Cost Control System, including developing and managing a consolidated Cost Breakdown Structure (CBS) in accordance with established procedures.
• Track project expenditures and monitor compliance with budgets and financial plans.
• Prepare accurate and timely cost reports, analyzing actual costs against budgets and forecasts.
• Identify cost variances, investigate potential overruns, and recommend mitigation measures.
• Monitor project progress and earned value to calculate cost accruals and work-in-progress valuations.
• Develop cost forecasts for upcoming project phases to support planning and resource allocation.
• Support contract changes and claims processes by delivering detailed cost impact analyses.
• Collaborate with Project Managers, Engineers, and stakeholders to communicate cost performance and resolve financial issues.
• Ensure all cost control activities comply with corporate policies, procedures, and reporting standards.

Requirements

• Bachelor’s degree in Engineering, Construction Management, Accounting, Finance, or a related field.
• Minimum of 3 years of experience in cost control, project controls, or project management.
• Proficiency in implementing Work Breakdown Structure (WBS) and Cost Breakdown Structure (CBS).
• Strong knowledge of cost control techniques and financial analysis.
• Advanced skills in Excel; experience with SAP and other cost control systems.
• Excellent analytical, problem-solving, and interpersonal skills.
• Effective communication skills for cross-functional collaboration.
• Fluency in English.

Additional Beneficial Skills

• Experience with risk assessment tools.
• Familiarity with project management software.