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Senior Cost Controller

KBR, Inc.
Abu Dhabi, UAE
Full Time
Senior
1 weeks ago
Cost ControlBudget ManagementCost ForecastingFinancial AnalysisEarned Value ManagementCash Flow Management
Free

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Cost ControlBudget ManagementCost Forecasting
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Job Summary

  • The Senior Cost Controller is responsible for overseeing project cost management activities, ensuring effective budget control, cost forecasting, financial reporting, and performance monitoring throughout the project lifecycle.
  • The role supports project management and senior leadership by providing accurate financial analysis, identifying cost risks, and implementing strategies to optimize project profitability and financial performance.

Key Responsibilities Cost Planning & Budget Management

  • Develop, maintain, and monitor project budgets and cost baselines.
  • Establish cost control procedures and ensure compliance across projects.
  • Review project estimates, budgets, and cost breakdown structures.
  • Monitor commitments, expenditures, and budget utilization.
  • Ensure project costs remain within approved budgets.

Key Responsibilities Cost Monitoring & Analysis

  • Track actual project costs against budgets and forecasts.
  • Analyze cost variances and identify root causes.
  • Prepare detailed cost performance reports and dashboards.
  • Conduct trend analysis and provide recommendations for corrective actions.
  • Support Earned Value Management (EVM) analysis.

Key Responsibilities Forecasting & Financial Reporting

  • Prepare monthly cost reports, forecasts, and cash flow projections.
  • Develop Estimate at Completion (EAC) and Estimate to Complete (ETC) reports.
  • Provide financial insights to project teams and senior management.
  • Monitor project profitability and margin performance.
  • Support project closeout and final cost reporting activities.

Key Responsibilities Contract & Change Management

  • Monitor contractual costs, variations, and claims.
  • Evaluate the financial impact of change orders and scope changes.
  • Coordinate with commercial and project teams regarding claims and variations.
  • Support dispute resolution with cost related analysis and documentation.

Key Responsibilities Risk Management

  • Identify and assess cost related risks and opportunities.
  • Develop mitigation strategies to address budget overruns.
  • Maintain cost risk registers and contingency plans.
  • Support project risk reviews and forecasting exercises.

Key Responsibilities Stakeholder Coordination

  • Work closely with Project Managers, Finance Teams, Procurement, and Engineering departments.
  • Provide management with timely and accurate cost information.
  • Participate in project review meetings and management presentations.
  • Liaise with clients, contractors, and consultants regarding commercial matters.

Key Responsibilities Compliance & Governance

  • Ensure adherence to company financial policies and project procedures.
  • Support internal and external audits.
  • Maintain accurate project cost records and supporting documentation.
  • Ensure compliance with contractual and regulatory requirements.

Qualifications

  • Bachelor's Degree in Engineering, Quantity Surveying, Finance, Accounting, Construction Management, or related discipline.
  • Professional certifications such as CCP (Certified Cost Professional), PMP, CMA, CPA, MRICS, or equivalent are preferred.

Experience

  • 15 years of experience in cost control, project controls, commercial management, or project finance.
  • Experience in EPC, Oil & Gas, Construction, Infrastructure, Energy, Utilities, or Industrial projects preferred.
  • Proven experience managing project budgets ranging from medium to large scale projects.

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