Cost Management Specialist
2 months ago
Merge Recruitment Agency is seeking a highly skilled Cost Controller to join our team in Dammam, Saudi Arabia. As a Cost Controller, you will be responsible for developing and maintaining a system for tracking all project costs, establishing and implementing cost management concepts and methodologies, and managing and implementing cost control and management systems.
Key Responsibilities- Cost Management: Develop and maintain a system for tracking all project costs, including budgeting, forecasting, and variance analysis.
- Cost Control: Establish and implement cost management concepts and methodologies, including cost reduction initiatives and process improvements.
- Financial Planning and Analysis: Provide planning and cost controlling support for all projects, including variation reporting, monitoring of milestone progress, and preparation of customer billing processes.
- Risk Management: Identify potential risks and cost leakages and suggest related controls to manage the risk of overspending and loss of value.
- Reporting and Analysis: Track weekly costs to ensure that spending is within the budget and conduct weekly cost variance analysis.
- Education: Bachelor's degree in Accounting or related field.
- Experience: Minimum 8 years of experience in cost management, financial planning, and analysis, preferably in an industrial company.
- Skills: Familiarity with ERP systems, proficient in relevant computer software, and fluent in English.
Merge Recruitment Agency is a leading recruitment agency in Saudi Arabia, specializing in placing candidates in various industries, including manufacturing and production.
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