Cost Control Manager
- Abu Dhabi - UAE - Oil & Gas / Energy
Salary: AED 30,000-32,000 plus excellent family benefits
Responsible for overseeing project cost management, budgeting, forecasting, financial performance monitoring and cost reporting to ensure projects are delivered within approved budgets and achieve their targeted financial objectives.
Responsibilities
• Establish and maintain cost control procedures, systems, reporting standards and governance frameworks.
• Lead the preparation and monitoring of project budgets, cost plans, forecasts and cash flow projections.
• Monitor actual costs, commitments and forecast expenditure against approved budgets, identifying variances and recommending corrective actions.
• Prepare and review periodic cost reports, management reports, variance analyses and executive dashboards.
• Maintain accurate cost records, cost allocations, accruals and financial forecasts.
• Review purchase orders, contractual commitments, subcontractor costs, change orders and potential claims.
• Identify cost-related risks, opportunities and potential overruns, developing mitigation measures in collaboration with relevant stakeholders.
Requirements
• Bachelor's degree in Engineering, Construction Management, Quantity Surveying, Finance or a related discipline.
• An MBA or relevant postgraduate qualification would be an advantage.
• Professional certifications such as Certified Cost Professional (CCP) or Project Management Professional (PMP) are preferred.
• 8-10 years of relevant experience in project controls, cost control, commercial management or project management.
• At least five years in a managerial or team leadership position.
• Demonstrable experience in EPC, Oil & Gas, energy, infrastructure or industrial projects.
• Proven experience in project budgeting, cost forecasting, variance analysis, cost reporting and financial performance monitoring.
• Experience working with multidisciplinary project teams and senior management.
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