Senior Cost Control Engineer

Job description / Role

General description of role and responsibilities:

Develop and implement cost control strategies and procedures to ensure effective financial management.
Monitor and analyze financial data to identify cost-saving opportunities and improve profitability.
Prepare and present financial reports, budget forecasts, and variance analysis to senior management.
Coordinate with project managers and department heads to track and control project costs.
Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits.
Conduct regular audits of financial records and procedures to identify and resolve discrepancies.
Train and mentor cost control staff to ensure their understanding of cost control processes and procedures.
Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency.
Stay updated on industry trends, regulations, and best practices in cost control and financial analysis.
Provide guidance and support to the finance team on cost control matters.
Inform themselves of the relevant quality, environmental, safety, and occupational health policies, manuals, and procedures in place within the company, and ensure continued compliance with these requirements while employed.
Perform other duties as assigned by the line manager or supervisor.

Qualifications, experience, knowledge and skills:

Bachelor’s or master’s degree in accounting or engineering from an accredited university.
Minimum 15 years of experience in a related field on international major initiatives and developments.
Extensive knowledge and experience in project cost management.
Extensive experience in managing and prioritizing project costs.
Ability to present budgeting plans and requirements to senior management and other government authorities.
Ability to negotiate with multiple stakeholders to secure costs for projects.
Fluent communication skills in Arabic and English.
Excellent verbal and written communication skills.