Senior Cost Control

Overview

Key Responsibilities

• Participates in preparation and development of projects budget for direct and indirect costs, allowance for G&A, and determination of projects gross margin and net profit.
• Plans, coordinates, and assists in amending projects budget to reflect revenue alterations by fall or raise (variation orders, additional works, reductions).
• Details internal manpower utilization plans (deployment and layoff) for discipline, service, and/or specialty activities.
• Reviews purchase requests/purchase orders to verify quantities, prices, payments T&C, and GL cost accounting.
• Performs tracking of interim payment applications (submission, approval, return), and presents reports on the payment-related aspects in terms of providing the adequate justifications regarding deductions, penalties, withholdings, if any.
• Develops monthly reports on projects progress status, billing position (under/over billed amounts), work in progress adjustments if required.
• Assists in generating realistic cash flow projections which allow the company to realize its financial health, cash position, solvency, and any deficits may be expected in its projects.
• Controls and analyzes of projects expenses against the approved budget costs and identifies any deviations thereof.
• Maintains producing of projects monthly variance analysis report which show deviations form budget, the amount of accrual costs, the P&L statement, and any other figures may be required to reflect the project status which let executives’ make their decisions.

Education & Experience

• Engineering background with a bachelor’s degree in any engineering disciplines.
• Minimum 8 years Cost Control Experience.
• Candidate must be familiar with the accounting cycle, PnL financial statement, and trial balance particulars.
• AACE certification or similar is preferred.
• Excellent command of written and spoken English and Arabic.