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Cost Engineer - AD

KBR
Abu Dhabi, UAE
Full Time
Senior
Onsite
2 weeks ago
Cost ControlFinancial AnalysisBudgetingForecastingAccounts PayableAccounts Receivable
Free

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Key skills for this role

Cost ControlFinancial AnalysisBudgeting
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Job Purpose

  • A Senior Cost Controls Specialist is responsible for managing and overseeing cost control processes across projects or organizational operations.
  • This role ensures that budgets are effectively monitored, costs are accurately tracked, and financial risks are proactively identified and minimized.
  • The specialist performs detailed cost analysis, develops and monitors budget forecasts, and provides actionable insights to support informed decision making.
  • By maintaining financial discipline and optimizing resource utilization, they play a key role in enhancing project efficiency and contributing to overall financial success.

Key Responsibilities – Cost Controls

  • Project Cost Management: Full ownership of project financial performance, including preparation and management of Project Status Reports (e PSR) and overall P&L accountability.
  • Variance Analysis: Perform detailed analysis of job ledgers and cost centers to identify variances and recommend corrective actions.
  • Accounts Payable (AP): Oversee end to end vendor payment processes, ensuring accuracy, compliance, and timely disbursement.
  • Accounts Receivable (AR): Manage invoicing, AR aging, Withholding Tax (WHT), and Days Sales Outstanding (DSO) to optimize cash flow.
  • Expense Management: Review and approve employee expense claims, ensuring compliance with company policies and procedures.
  • WBS Management: Lead the creation, maintenance, and continuous monitoring of Work Breakdown Structures to ensure accurate allocation.
  • Project Accounting Liaison: Act as the primary interface between project management teams and finance/accounting departments.
  • Standard Costing: Develop and apply cost multipliers for employee cost recovery and resource pricing.
  • Client Reporting: Prepare and deliver client reports including VOWD (Value of Work Done) and monthly cost reports.
  • Corporate Reporting: Support internal financial reporting cycles, ensuring alignment with corporate standards and compliance requirements.
  • Cost Control & Forecasting: Establish and maintain robust cost control procedures, including tracking of actual costs and preparation of Estimates at Completion (EAC).
  • Timesheet Management: Oversee timesheet processes across UAE and Iraq operations, including role administration and approval workflows.

Compliance/Finance/Operation Support Role

  • Corporate Card Oversight: Manage and monitor Project Corporate Management Cards (CMC) and P Cards across UAE and Iraq operations, ensuring compliance, proper utilization, and audit readiness.
  • Site Financial Governance: Oversee site based finance processes including petty cash, business advances, and per diem administration, ensuring adherence to company policies and controls.
  • Work Permit Administration: Lead and supervise the end to end work permit process, including new applications and cancellations for demobilized personnel.
  • Social Security Compliance: Manage project registration and compliance with DRSS (social security authority) for workforce coverage.
  • Tax Reporting: Prepare and submit weekly reports on Iraq portfolio Withholding Tax (WHT) status, ensuring regulatory compliance.
  • Performance Monitoring: Develop, review, and report quarterly KPIs aligned with contractual requirements and project objectives.
  • Procedure Development: Implement project specific cost and finance procedures, including travel and business advance policies.
  • Audit & Assurance: Lead departmental audits in Iraq for the Business Services (Project Finance) function, ensuring full compliance and audit preparedness.
  • Client Coordination: Provide timely responses to ad hoc client requests, maintaining strong client relationships and service delivery standards.

Soft Skills

  • Communication: Effectively convey complex financial and cost data to stakeholders
  • Leadership: Demonstrate strong leadership by guiding teams, driving accountability, and influencing key decisions.
  • Analytical Thinking: Interpret data and trends to identify cost saving opportunities and support strategic planning.
  • Problem Solving: Proactively address cost overruns and project challenges with practical and innovative solutions.
  • Time Management: Prioritize and manage multiple tasks efficiently in fast paced, deadline driven project environments.
  • Collaboration: Work effectively with cross functional teams to achieve project and organizational objectives.
  • Attention to Detail: Maintain high accuracy in cost tracking, financial reporting, and documentation.
  • Conflict Resolution: Handle disagreements professionally, fostering constructive outcomes and maintaining team cohesion

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