Cost Controller

2 weeks ago

Ras AlKhair, Eastern Province, Saudi Arabia International Maritime Industries Full time 90,000 - 120,000 per year

Description
JOB PURPOSE / OBJECTIVE

Ensure that all Project Cost Control related activities are carried out in accordance with Company policies and Procedures. Analyze existing budgets and making improvements, verification, reviewing plans, and preparing quantity estimates, negotiating with Clients/Contractors, as well as building relationships with Clients and other stakeholders.

Key Accountabilities

  • Develop systems and procedures for Cost Control Function (including interface with ERP team during establishment / troubleshooting phase) and monitor project total expenditure including verification and checking of invoices, claims from Suppliers, Vendors and Subcontractors to ensure that all project expenditures are captured and properly recorded.
  • Scrutinize workforce and material cost, as well as contracts to ensure cost efficiency.
  • Keep track of project manhours (PMT, Production, AMCP, Engineering, TMS, FMSS and other relevant stakeholders) and materials, consumables, equipment usage, general expenses etc.,
  • Manage any changes in project SOW, received variations from Clients and revised project budgets. Coordinate with the project stake holders on the same.
  • Prepare project invoices and follow up on the related payments, upload all relevant project cost and expenses data in the designated project management software with clear schedules of when the expenses are likely to be incurred, and Update Project budget, margin & invoices while comparing them with the baseline budgeted cost.
  • Negotiate price of change orders and manage the amended contract.
  • Identify, analyze, and develop responses to commercial risks.
  • Support and provide all the project's outstanding cost for monthly accrual with supporting documents and ensure that all the project manhours are captured and approved on time.
  • Follow up closely with all the relevant stakeholders to ensure that all the project outstanding costs are converted to actual costs on time.
  • Monitor cost performance and generate variance / exceptions reports as and when required. Present the same to the Project Manager and obtain approval to distribute further as per matrix and Participate in the project review meetings and provide any cost related data as and when required by the project stake holders.
  • Oversee maintenance activities and practices in assets of the company is an advantage and perform any other duties and responsibilities such as when directed by head of department.

Requirements
QUALIFICATIONS & EXPERIENCE

Education

  • Bachelor's Degree in any field(or equivalent)

Professional Qualifications (Certifications & Accreditations)

  • CCP / PMP Certificate preferable (but not essential)

Competencies (Knowledge, Skills & Abilities)
Proven skills and competencies in the following:

  • Excellent knowledge MS Office (excel, word, power point etc.), Primavera P6 preferable.
  • Understanding of ERP systems, and ISO Standards.
  • Analytical
  • Numerical
  • Commercial insight
  • Rule consciousness
  • Ability to lead.
  • Team Working
  • Decision making
  • Alertness and attention to details
  • Multi-tasking
  • Anticipating / Solving problems
  • Knowledge of Planning measures. Additional / Other Requirement:
  • Willing to work extra hours.
  • Diplomatic
  • Flexible Experience
  • Minimum 3 - 6 years' experience in relevant industry performing the Cost Control and Quantity Survey role
  • Offshore or Onshore project fabrication/ construction experience (Rig / Lift boat/ Ship Building / MRO).

Languages

  • Fluent in English (Reading, Writing, Speaking)
  • Arabic is advantageous.

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