Monitor project budgets and expenditures to ensure adherence to financial plans and identify any variances or discrepancies.
Track and analyze project expenses, including labor costs, material purchases, subcontractor fees, and overhead expenses, to maintain accurate financial records.
Conduct cost analysis and cost-benefit evaluations to identify cost-saving opportunities, optimize resource allocation, and improve project profitability.
Prepare financial forecasts and projections based on project timelines, resource requirements, and market trends to support long-term planning and decision-making.
Perform variance analysis to compare actual costs against budgeted costs, investigating any deviations and implementing corrective actions as needed to mitigate financial risks.
Generate regular reports and financial statements summarizing project costs, expenses, and budget performance for management review and decision-making purposes.
Develop and implement cost control procedures, policies, and best practices to enhance efficiency, streamline processes, and minimize wastage.
Assist in contract negotiations, review contract terms and conditions, and ensure compliance with contractual agreements to mitigate financial risks and optimize cost-effectiveness.
Collaborate with vendors, suppliers, and subcontractors to negotiate pricing, terms, and payment schedules, ensuring cost competitiveness and adherence to budgetary constraints.
Provide financial advice and recommendations to project managers and stakeholders on cost-related matters, including budget planning, forecasting, and risk assessment, to support informed decision-making and project success.
Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies
Knowledge of cost control packages such as CCS (Candy) will be a distinct advantage
Knowledge in project cost planning, scheduling and reporting
Knowledge of the Operating Procedures for Project Controls and Cost Management functions
Proficient with computer programs and a working knowledge of new technology
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Minimum 5 year(s) working experience, 3 year(s) relevant working experience, 2 year (s) GCC is a plus
Resilience
Agility
AI Fluency
Quality_321977507
Leadership_321977503
Cost Management L2
Cost Control L2_321977571
Project Estimating L2
Financial Reporting L2_323745501
Projects-Commercial L2
Bachelor's Degree in Accounting or any related field
Power International Holding (PIH) is a diversified business conglomerate with global reach, structured into six core groups:
Energy, Concessions & Construction
Industries & Services
Telecommunication & Technology
Agriculture & Food Industries
Real Estate
Lifestyle: Hospitality, Entertainment & Catering
Our commitment to sustainable growth is reinforced by a structured approach to resource allocation and centralized functional support, enabling agility and continuous development across sectors. Each group operates with focused specialization while contributing to PIH’s overarching strategy of delivering long-term value.
Through a culture of excellence and collaboration, PIH harnesses the collective strength of its leadership teams, ensuring that each business flourishes while advancing economies and communities. This synergistic model allows PIH to maintain its distinctiveness as a group while driving sustained impact on both a local and global scale.
