Cost Control Engineer

1 month ago

Dammam Eastern Saudi Arabia Tilal Real Estate Full time
Responsibilities:

· Comply with tilal's internal governance procedures. · Monitoring and updating cost estimates for projects to ensure that costs are within expected ranges. · Reviewing expense reports to ensure that expenses are reasonable and appropriate for the circumstances. · Coordinating with other departments such as human resources, payroll, accounting, and finance to ensure that all costs are accurately tracked. · Conducting cost analyses to identify areas where costs can be reduced or eliminated altogether. · Participate in budget estimation workshops and provide advice and direction. · Monitor and control the approved construction budget. · Monitoring budgets to ensure that spending does not exceed approved levels. · Collecting cost data from suppliers or subcontractors to track material costs. · Preparing reports to management regarding costs and expenses. · Preparing bid estimates for new projects or bids on existing projects. · Develop and maintain cost control systems and procedures. · Monitor project expenditures to ensure that they are within the approved budget. · Prepare periodic reports detailing project costs and cost-to-complete estimates. · Identify potential cost overruns and recommend corrective action. · Assist in the development of project budgets. · Review change orders to determine their impact on the project budget. · Monitor project schedule and revise cost estimates accordingly. · Interface with project managers, engineers, and other personnel to obtain information necessary for cost control purposes. · Attend project meetings and provide input on financial matters. · Maintain accurate records of project costs. · Perform earned value analysis. · Prepare final project cost report. · Improve project process by developing and implementing cost structure, then manage job-specific code of accounts for wbs approvals. · Identify wrongly charge wbs to control the budget release under each wbs element. · Participate in the development of unit standard costs for new and existing products. · Perform weekly/periodic physical inventory reconciliations.

Requirements

Requirements:

Bachelor's degree in engineering or related field

Minimum 5 years' experience in project cost controlling tasks

Essential skills and qualifications

Proven ability to develop and implement cost-saving initiatives.

Strong analytical and problem-solving skills.

Advanced proficiency in Microsoft excel.

Excellent communication, presentation, and interpersonal skills.

Experience with enterprise resource planning (erp) systems

Working knowledge of any statistical analysis software.

Must be willing to learn project scheduling and resource loading.

Benefits

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