Cost Control Manager

Confidential Company

Employer Active

Posted 18 min ago

Experience

15 - 20 Years

Job Location

Al Khobar - Saudi Arabia

Education

Bachelor of Technology/Engineering

Nationality

Any Nationality

Gender

Male

Vacancy

1 Vacancy

Job Description

Roles & Responsibilities

  • Develop and implement cost control procedures that align with organizational goals, ensuring accuracy and efficiency throughout the project lifecycle.
  • Conduct regular audits of financial data to identify discrepancies, providing actionable insights to stakeholders on cost-saving measures.
  • Collaborate with project managers to establish budgets and monitor expenditures, ensuring projects remain within financial parameters.
  • Prepare detailed cost reports and forecasts to communicate financial status and projections to senior management and stakeholders.
  • Analyze historical data to inform future projects, leveraging lessons learned to enhance budgeting accuracy and cost efficiency.
  • Facilitate training sessions for team members on cost control methodologies, fostering a culture of financial accountability.
  • Monitor industry trends and regulatory changes that may impact project costs, advising management on necessary adjustments.
  • Support the strategic planning process by providing financial insights and recommendations based on comprehensive cost analysis.
  • Utilize advanced software tools for cost estimation and analysis, ensuring data integrity and facilitating quick decision-making.

Desired Candidate Profile

  • Bachelor’s degree in Engineering.
  • Certified Cost Professional (CCP) from AACE.
  • Minimum of 15 years of relevant experience in cost control, preferably within the construction industry in oil and gas sector in ARAMCO Projects.
  • Demonstrated expertise in budget management and financial forecasting, with a strong track record of cost reduction.
  • Proficiency in cost management software and tools, such as SAP, Oracle, or similar platforms, is essential.
  • Fluency in English; additional languages, especially Spanish or Mandarin, are a plus in multinational environments.
  • Strong analytical skills with the ability to interpret complex financial data and make informed decisions.
  • Excellent communication skills, both verbal and written, to present findings to diverse stakeholders effectively.
  • Detail-oriented mindset with a proactive approach to identifying potential cost overruns before they occur.
  • Ability to work collaboratively in a team and manage cross-functional relationships to drive cost-saving initiatives.

Employment Type

    Full Time

Company Industry

  • Construction
  • Civil Engineering

Department / Functional Area

  • Site Engineering
  • Projects

Keywords

  • Cost Management
  • Cost Control
  • Cost Controlling
  • Cost Control Management

Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information. We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at abuse@naukrigulf.com

Confidential Company