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Cost Control Manager

1 month ago

Riyadh, Ar Riyāḑ, Saudi Arabia East Consulting Engineering Company Full time

We are looking for a Cost Control Manager to join our team in ECEC.

Key Responsibilities:

  • Develop and implement comprehensive cost management strategies aligned with organizational objectives, ensuring a proactive approach to identifying and capitalizing on cost-saving opportunities.
  • Analyze budgetary data with precision, tracking expenditures and variances to maintain financial discipline. Provide regular and insightful reports to executive leadership, enabling informed decision-making.
  • Collaborate across business units to enhance cost-efficiency in operational processes. Identify and implement measures to streamline workflows without compromising quality or productivity.
  • Conduct thorough financial analyses to identify trends, assess the impact of cost drivers, and provide actionable insights to support key business decisions.
  • Liaise with cross-functional teams to facilitate a holistic understanding of cost dynamics. Provide financial expertise and collaborate on initiatives that align cost considerations with broader business goals.
  • Establish, refine, and enforce robust cost control frameworks. Develop and implement policies and procedures to govern cost-related activities, fostering a culture of financial responsibility.
  • Optimize the allocation of financial resources by assessing the efficiency and effectiveness of various investments and expenditures.
  • Conduct in-depth variance analyses to identify deviations from budgeted costs and formulate corrective actions to address discrepancies.
  • Utilize forecasting models to predict future cost trends and facilitate proactive decision-making. Provide accurate and timely financial forecasts to support overall business planning.
  • Ensure adherence to financial regulations, accounting standards, and internal policies. Implement measures to mitigate financial risks and maintain compliance with relevant regulatory requirements.
  • Effectively communicate financial insights and cost-related information to stakeholders, fostering a transparent and collaborative environment.
  • Drive a culture of continuous improvement by identifying areas for optimization, implementing best practices, and staying abreast of industry trends and benchmarks.
  • Identify and assess financial risks associated with cost structures. Develop and implement risk mitigation strategies to safeguard the organization's financial stability.
  • Establish and monitor key performance indicators (KPIs) related to cost control and financial management. Regularly assess and report on the achievement of established metrics.

Requirements:

  • The ideal candidate should hold a bachelor's or master's degree in civil or architectural engineering from an internationally recognized university.
  • Not less than 15 years of experience in construction management of large multi-site projects.
  • You should have excellent communication skills and should have managed a multicultural workforce.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

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