Estimation Engineer from FM Background

1. Contract and Cost Data Management

• Regularly update consolidated contract records in coordination with the Estimation Department to ensure all data is accurate, current, and aligned with approved terms.
• Maintain and update consolidated AMC costing sheets to ensure consistency with the contracts tracker and approved financial documents.
• Perform cost value reconciliation (CVR) updates periodically to maintain alignment between costing sheets, contract trackers, and actual project performance.

2. Budget and Cost Control

• Prepare and monitor monthly budgets by comparing actual costs against budgeted figures for consumables, spares, materials, tools, and subcontractor-related expenses.
• Highlight cost variances, analyze underlying causes, and recommend corrective measures to management.
• Support the implementation of cost control procedures and maintain proper documentation for audit and review purposes.

3. Procurement and Sales Support

• Track and manage the sales quote approval process, ensuring that all quotations are reviewed, approved, and logged in a timely manner.
• Manage purchase request (PR) approvals and coordinate with procurement to facilitate smooth and cost-efficient purchasing operations.
• Monitor supplier and subcontractor expenses, ensuring alignment with approved budgets and contractual terms.

4. Cost Optimization and Value Engineering

• Participate in value engineering exercises to identify cost reduction opportunities without compromising service quality or project performance.
• Collaborate with operations and project teams to analyze cost data and identify practical cost-saving measures.
• Maintain a proactive approach in monitoring and improving financial efficiency within ongoing contracts and projects.

5. Reporting and Analysis

• Prepare and submit all monthly cost reports, budgets, and reconciliations within the first week of every month for management review.
• Ensure reports provide clear insights into financial performance, cost deviations, and potential savings.
• Support management in decision-making by providing timely, accurate, and data-driven financial analyses.

6. Ad-hoc Responsibilities

• Support the line manager with ad-hoc assignments and financial analysis tasks as required.
• Assist in process improvement initiatives related to budgeting, reporting, and financial governance.

Job Type: Permanent