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Cost Controller

Aref Sadeq Design Consultants W.L.L

Posted on July 12, 2019

5 - 7 years Bahrain - Bahrain

Any Graduation. Any Nationality

Opening 01

Job Description

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Cost Controller
Job Location : Bahrain
Good Salary package will be offered
Job Responsibilities:
Implement and maintain all procedures as per the company s Project Monitoring System ensuring compliance with all requirements related to cost control and reporting.
Generate and issue monthly cost reports ensuring circulation in time of complete and accurate data to the managing office and other authorized recipients.
Monitor and analyze project costs related to various sites, identify and highlight major cost variances and advice the project management team and site staff on appropriate and timely corrective action plans.
Conduct regular site visits, evaluate site operations, compare progress with budget, provide suggestions and comments to improve outcomes and incorporate project performance in forecast calculations.
Provide required training to all relevant site staff on managing cost allocations, validating project invoices and timecards as per approved standard operating procedures.
Organize weekly cost meetings with site teams to discuss performance of various work packages, create cost awareness among project staff to deliver most favorable results as well as to assure budgetary compliance.
Develop the Contract Program with full resource and cost loading and continually monitor and update the program producing fortnightly reports on actual progress against planned progress.
Prepare and continuously update the as-built program, maintaining record of actual resources employed and highlight variances for corrective action.
Identify delays against the Contract Program and advice the project manager and lead construction manager on optimum recovery plans to achieved scheduled milestones.
Coordinate with and support the lead construction manager, site engineers and site foremen in preparing, implementing and monitoring short-term programs.
Identify and assess project implications relate to client variations and provide inputs and guidance on preparing and processing variation requests and securing variation orders from the client.
Work with the quantity surveyor for monitoring cash flows and preparing and updating of cash flow forecasts for various work packages
Prepare monthly journal entries manually or by initiating electronic creation through our software program.
Review JEs carefully for anomalies and other inconsistencies.
Prepare monthly and quarterly accounting reports for submission to management.
Conduct inventory reserve analysis on a quarterly basis and generate reports for senior management.
Assist the Staff Accountant with suggesting changes to policies or procedures to increase cash flow.
Review rates of depreciation, labor and overhead and suggest policy changes to improve numbers.
Classify costs accurately.
Generate PPV reports and analyze findings.
Establish standard costs and update them as appropriate.
Maintain and review the general ledger and reconcile balance sheets.
Analyze costs of raw materials and other supplies and create cost-benefit analyses for changing vendors.
Requirements :
Should have 5 years experience as Cost Controller
Should be available in Bahrain


Construction / Civil Engineering

Accounts / Taxation / Audit / Company Secretary

Keywords

Project management Costing Cash flow Standard operating procedures Project monitoring Quantity Surveyor Senior management Report generation Office management Journal entries

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Aref Sadeq Design Consultants W.L.L


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