The Cost Control Engineer coordinates all aspects of cost capturing, monitoring, and forecasting for assigned projects, ensuring proper documentation and delivering complete cost-control services. This position maintains project cost information, oversees variations and revisions to existing budgets, and implements approved departmental policies and procedures.
Requirements
- Monitor, control, and report on projects in terms of cost history and forecast
- Maintain planned and actual cost and commitment schedules
- Maintain internal labor and project costs to allocated budget
- Create Budget Transfer Requests as directed by the project teams
- Implement approved departmental policies and procedures
- Receive no more than 5 non-compliances per month and ensure their resolution within 10 days
- Manage cost control on site and complete and confirm all works within budget
- Monitor daily operations assigned for the cost control to ensure compliance with established standards and procedures
- Process and Approve MR, PO, S/C Agreement, PC, SRV, SIV within 10 Working Hrs. of their creation
- Develops cost structures for all activities, ensuring agreement with allocated budgets, plans, and accurately assigning costs to designated items
- Daily verifications of the cost allocation of transaction to cost codes and reallocating as needed within 10 working Hrs. of the entry time
- Visits the Sites at least once weekly to verify the progress measurements
- Uploads the verified BCWP into the ERP System no later than 1 day after the Cut of Date
- Maintains internal labor and project costs to allocated budget and flag deviations to project management
- Be able to reflect the workforce Productivity report and Man-hour trends and include in MJCR
- Perform cost analysis and advises management on cost over-runs
- Work with computerized databases to manage deviations and minimize costs
- Produce the Weekly Job Cost Report within 3 Days from the end of the week
- Assist in the Production of the Monthly Job Cost Report and achieve it within 15 days from the end of the month
- Review submitted client invoices and studies the variance from realistic values by producing Over/Under Invoicing calculations within 3 days from the end of the month
- Observe with all relevant safety, quality, health, and environmental procedures to ensure a healthy and safe work environment
- Receive no more than 1 nacres per month across all projects, related to QA or HSE
- Create Budget Transfer Requests as directed by the project teams and provide feedback on alternative methods of construction
- Provide accurate calculations of budget transfer and achieve no more than 10% correction at final approval stage
- 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
Benefits
- Generous Paid Time Off
- 401k Matching
- Retirement Plan
- Tuition Reimbursement
- Relocation Assistance
