Cost Control Manager

Job Summary

The Cost Control Manager ensures the financial health of projects by developing, monitoring, and managing budgets. They provide accurate cost estimates, track expenditures, and identify variances to maintain financial control. Their role involves implementing effective cost control systems and strategies to optimize resource allocation and achieve financial efficiency.

Job Responsibilities

• Develop detailed project and departmental budgets, ensuring they align with overall organizational financial goals.
• Prepare accurate cost estimates for projects, incorporating all potential expenses and risks to forecast financial needs.
• Monitor and track project expenditures continuously, comparing actual costs against budgeted amounts.
• Analyze cost variances, identify reasons for discrepancies, and recommend corrective actions to manage budget deviations.
• Generate detailed financial reports, highlighting key metrics, trends, and issues for senior management and stakeholders.
• Implement and maintain robust cost control systems and procedures to ensure financial accuracy and efficiency.
• Identify financial risks and develop mitigation strategies to prevent cost overruns and budgetary impacts.
• Review and manage contracts, ensuring compliance with financial terms and addressing any cost-related issues.
• Communicate effectively with project managers, finance teams, and other stakeholders to ensure alignment on financial matters.
• Identify opportunities for improving cost control practices and processes, implementing changes to enhance financial management.
• Additional responsibilities related to cost control and budgeting as applicable.

Job Knowledge & Skills

Job Experience

Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus

Competencies

Education

Bachelor's Degree in Finance, Accounting, Economics, Public Administration or business administration, and other related field

Master's degree in Accounts and Finance

#J-18808-Ljbffr