Cost Controller
GE Vernova
Date: 5 days ago
City: Jeddah
Contract type: Full time
Job Description Summary
As a project cost controller, you will be responsible for the cost control of several projects. You will report operationally to the project managers and functionality to the project cost control Manager, a member of the project Management office.
Job Description
Roles and Responsibilities:
Relocation Assistance Provided: No
As a project cost controller, you will be responsible for the cost control of several projects. You will report operationally to the project managers and functionality to the project cost control Manager, a member of the project Management office.
Job Description
Roles and Responsibilities:
- Monitor and analyze all operational costs to ensure adherence to budget.
- Track and evaluate expenditure on projects and daily operations to ensure they align with the company’s financial plans.
- Develop and maintain cost control procedures and methodologies.
- Forecast and manage costs related to materials, labour, and overhead.
- Prepare detailed cost analysis reports and present findings to senior management.
- Provide monthly, quarterly, and annual cost reports, including variance analysis and recommendations.
- Assist in preparing budgets and forecasts based on cost analysis data.
- Identify opportunities for cost reduction without compromising quality.
- Implement cost-control strategies across all departments and functions.
- Collaborate with other teams to develop and execute cost-effective processes and solutions.
- Assist in the creation of project budgets and financial forecasts.
- Review project costs regularly and ensure that financial targets are met.
- Develop cost models and financial projections for new and existing projects.
- Work closely with procurement, operations, and project management teams to ensure cost efficiency.
- Ensure effective communication regarding cost control measures and adherence to budgets.
- Liaise with finance teams to ensure accurate recording and allocation of costs.
- Ensure compliance with internal cost control policies, industry standards, and legal regulations.
- Prepare for and support internal and external audits by providing necessary cost-related information.
- Utilize cost control software and tools to track and report expenses.
- Continuously improve cost tracking and reporting methods to increase accuracy and efficiency.
- Analyze and report on risks related to costs and provide actionable recommendations.
- Identify potential financial risks and assist in implementing mitigation plans.
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. Professional certifications (e.g., CPA, CMA) are a plus.:
- 3-5 years of experience in cost control, accounting, or financial management.
- Experience in project cost control is highly preferred
- Proficiency in financial software (e.g., SAP, Oracle, QuickBooks).
- Strong knowledge of Excel/Power BI and data analysis
- English proficiency is a must
- Ability to analyze complex financial data and identify trends and anomalies.
- Strong attention to detail, with the ability to identify discrepancies and inconsistencies in cost data
- Excellent verbal and written communication skills to report findings and collaborate with teams
- Ability to think critically and propose cost-effective solutions
- Ability to prioritize tasks and meet deadlines in a fast-paced environment
- Ability to work both independently and as part of a team
- Strong ethical standards and a commitment to confidentiality
- Flexible and adaptable to changing business needs
- May involve some travel for project oversight or financial audits
- Office-based with occasional site visits
Relocation Assistance Provided: No
How to apply
To apply for this job you need to authorize on our website. If you don't have an account yet, please register.
Post a resumeSimilar jobs
Director-Marine Infrastructure Asset Manager
Parsons Corporation,
Jeddah
1 day ago
In a world of possibilities, pursue one with endless opportunities. Imagine Next!When it comes to what you want in your career, if you can imagine it, you can do it at Parsons. Imagine a career working with intelligent, diverse people sharing a common quest. Imagine a workplace where you can be yourself. Where you can thrive. Where you can find...
KSA Inventory Supervisor
Unilever,
Jeddah
1 day ago
About UnileverWith 3.4 billion people in over 190 countries using our products every day, Unilever is a business that makes a real impact on the world. Work on brands that are loved and improve the lives of our consumers and the communities around us. We are driven by our purpose: to make sustainable living commonplace, and it is our belief...
CT Clinical Education Specialist
GE HealthCare,
Jeddah
6 days ago
Job Description SummaryTechnical training and support role focused on CT scan systems and clinical application software. It involves on-site training, customer support, and sales assistance, ensuring smooth installation, demonstrations, and post-sale service. The role also requires deep knowledge of sales territories, product lines, and market strategies, along with problem-solving skills and interpersonal communication.Job DescriptionRoles and Responsibilities The CT Technologist will...
