The Senior Cost Control Engineer is to manage project budgets, monitor expenditures, and analyze cost variances to ensure projects are completed within financial constraints. They collaborate with stakeholders to implement cost control procedures and provide insights for optimizing resource allocation and mitigating financial risks. Their role is crucial in maintaining project profitability and adherence to financial objectives.
Develop and maintain project budgets, collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively.
Monitor project expenditures against budgetary constraints, conducting regular analysis to identify discrepancies and potential cost overruns.
Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions.
Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.
Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.
Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.
Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.
Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.
Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.
Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.
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 estimating packages such as CCS (Candy) is essential
Knowledge in Cost Management, Estimating and Change Control
Computer skills: MS applications and Primavera 6 but not essential
Knowledge of multi-project resource planning
Demonstrable project and programme management experience allowing a comprehensive knowledge and
understanding of the fundamental principles and technique
ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.
Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus
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.
