We Looking Cost Controller

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Report

Description

Job Title:

Cost Controller

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Job Purpose:

To monitor, control, and analyze project costs and revenues to ensure alignment with the approved budget and maximize project profitability through accurate tracking, forecasting, and reporting.

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Key Responsibilities:

1. Cost Planning & Setup

* Develop and maintain Cost Breakdown Structure (CBS) aligned with BOQ and WBS
* Load and distribute project budget across cost codes
* Ensure proper cost allocation for all project activities

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2. Cost Monitoring & Control

* Track Actual Costs vs Budget on a weekly basis
* Identify and analyze cost variances and root causes
* Prepare and submit weekly and monthly cost reports

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3. Revenue & Progress Tracking

* Monitor project progress and link it with revenue recognition
* Support preparation and tracking of invoices and payment certificates
* Ensure accurate Revenue Recognition based on actual progress

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4. Cash Flow Management

* Prepare and update Cash Flow Forecasts
* Monitor incoming and outgoing payments
* Highlight potential cash shortages or delays

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5. Cost Control & Compliance

* Review Purchase Requisitions (PR) and Purchase Orders (PO) against approved budgets
* Monitor manpower, equipment, and material costs
* Ensure all expenditures comply with project budget and cost codes

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6. Coordination & Integration

* Coordinate with:
* Project Manager
* Planning Engineer
* Procurement Team
* Finance Department
* Ensure alignment between financial data and project progress

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7. Reporting & Forecasting

* Prepare:
* Cost Reports
* Variance Analysis
* Estimate at Completion (EAC)
* Profitability Reports
* Provide recommendations to improve cost efficiency and project margins

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Key Deliverables:

* Weekly & Monthly Cost Reports
* Cost Variance Analysis
* Cash Flow Forecast
* Estimate at Completion (EAC)
* Project Profitability Reports

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Qualifications:

* Bachelor’s degree in:
* Engineering (Civil / Mechanical / Industrial), or
* Accounting / Finance

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Experience:

* 3–7 years of experience in:
* Cost Control, or
* Project Accounting within construction or industrial projects

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Technical Skills:

* Advanced proficiency in Microsoft Excel
* Strong understanding of:
* BOQ
* WBS / CBS
* Progress Measurement
* Experience with:
* SAP (preferably SAP Business One)
* Primavera P6 is an advantage

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Soft Skills:

* Strong analytical and problem-solving skills
* High attention to detail
* Ability to identify risks early
* Effective communication across teams

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Key Performance Indicators (KPIs):

* Cost Variance (%)
* Forecast Accuracy
* Project Profit Margin
* Timely reporting

Basic Details

Location : Region: Jubail

Qualification :

Posted : 3 months ago

Job Type : Full-Time

Company : Saudi Jobs

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