Cost Control Head

Job description / Role

Role Summary:

The Head of Cost Control is a pivotal leadership role, responsible for overseeing all aspects of cost management, budgeting, and financial planning within the contracting company. Operating from the head office, this position requires a strategic thinker with deep corporate experience and a proven track record in contracting or construction environments. The ideal candidate will have exceptional expertise in managing cost control processes for large-scale projects, ensuring financial efficiency and organizational profitability.

Key Responsibilities:

Strategic Cost Management:
- Develop and implement company-wide cost control policies, procedures, and systems.
- Align cost control strategies with corporate goals and project requirements.

Budgeting and Forecasting:
- Lead the preparation of budgets for projects and operations, ensuring accurate forecasting and cost estimation.
- Monitor and evaluate budget variances, proposing corrective actions where necessary.

Cost Analysis and Reporting:
- Oversee the preparation of cost reports, providing detailed analyses and insights to senior management.
- Ensure accurate and timely reporting of cost data to facilitate strategic decision-making.

Risk Management:
- Identify cost-related risks and develop mitigation strategies.
- Establish controls to manage potential financial exposures effectively.

Project Oversight:
- Collaborate with project teams to ensure cost optimization across all phases of the project lifecycle.
- Provide expertise on contractual and procurement cost control matters.

Leadership and Collaboration:
- Lead and mentor the cost control team, fostering a culture of excellence and accountability.
- Work closely with cross-functional teams, including finance, project management, and procurement.

Compliance and Governance:
- Ensure adherence to corporate financial policies, regulatory standards, and best practices in cost management.
- Drive continuous improvement initiatives to enhance efficiency and accuracy in cost control processes.

- Bachelor’s degree in Civil Engineering, Construction Management, Finance, or a related field. A Master’s degree or relevant certifications (e.g., CCP, PMP) is preferred.
- 20+ years of experience in cost control, with a significant portion at a senior/executive level in a contracting company.
- Extensive corporate and head office experience, particularly in managing cost control for large-scale projects.
- In-depth knowledge of construction contracts, cost estimation, and financial planning tools.
- Proficiency in ERP systems and cost management software.
- Strong analytical, communication, and leadership skills.

Key Competencies:
- Strategic thinking and decision-making abilities.
- Proven leadership and team management capabilities.
- Excellent organizational skills with attention to detail.
- Ability to handle high-pressure situations and deliver results within tight deadlines.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties.

We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more.

Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering