
Cost Control Manager
13 hours ago
Key Responsibilities:
Cost Planning & Budgeting
- Prepare, monitor, and update project budgets in coordination with project managers and estimators.
- Develop cost control procedures, standards, and templates aligned with company policy.
- Ensure budget allocations are in line with contractual requirements and project schedules.
Cost Monitoring & Reporting
- Track project expenditures against approved budgets and commitments.
- Monitor and analyze cost variances, identifying risks, deviations, and opportunities for savings.
- Prepare monthly cost reports, forecasts, and cash flow projections for management and stakeholders.
- Maintain accurate records of committed and incurred costs for auditing and financial review.
Change & Risk Management
- Review and assess cost impact of variations, change orders, and design modifications.
- Support claim preparation and negotiation with clients, subcontractors, and suppliers.
- Identify cost risks and implement mitigation strategies to control budget exposure.
Coordination & Communication
- Work closely with project managers, engineers, procurement, and finance teams to ensure cost transparency.
- Liaise with subcontractors and suppliers for cost-related matters.
- Present cost performance insights to senior management and recommend corrective measures where necessary.
Systems & Compliance
- Manage cost control systems/software to ensure consistency and accuracy.
- Ensure compliance with company financial policies, accounting standards, and reporting requirements.
- Contribute to continuous improvement initiatives in project control and cost management practices.
Qualifications:
- Bachelor's degree in Engineering, Accounting or Finance or a related field. A Master's degree or professional certification is preferred. MBA graduates are a plus.
- At least 15 years of overall experience, with 10 of them in leadership positions in cost control, budgeting, and financial management within the construction industry.
- Strong analytical and problem-solving skills, with a focus on cost optimization and risk management.
- Proficient in cost management software (preferably Oracle Primavera Cloud), financial modeling, and project management tools.
- Excellent leadership and communication skills, with the ability to work effectively with cross-functional teams.
- In-depth knowledge of construction project management, including contract administration, procurement, and resource allocation.
- Strong attention to detail and a commitment to accuracy and quality in financial reporting.
- Ability to work under pressure and meet tight deadlines in a fast-paced construction environment.
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