Cost Controller
GE Vernova
Date: 12 hours 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
IDB3523 - Lead Resource Mobilization Specialist
Islamic Development Bank (IsDB),
Jeddah
11 hours ago
Job PurposeThe Lead Resource Mobilization Specialist’s primary responsibility is to provide extensive technical knowledge and expertise in the field of resource mobilization and trust fund administration to enhance the Bank’s capacity to leverage additional resources from donors, including official development aid providers, philanthropists, NGOs and the private sector. He/she will provide backstopping for streamlining and coordinating resource mobilization work across...

Data Analyst (0 Experience Required)
Peroptyx,
Jeddah
3 days ago
For thousands of years, maps have provided humans with the knowledge they need to make decisions. As a Maps Evaluator, you will have the opportunity to provide ground truth for your town, city or country.At Peroptyx, we are looking for Data Analysts who will review mapping data for digital mapping applications. Your research capabilities will validate and ensure that the...

IDB3511 - Smart Solutions Specialist
Islamic Development Bank (IsDB),
Jeddah
1 week ago
Job PurposeTo actively contribute to the development and implementation of innovative Islamic financial solutions using emerging technologies including Blockchain and smart contracts, to address the economic development challenges faced by the Member Countries. The role manages the Institute's intellectual property portfolio, including patent development, maintenance, and commercialization strategies. Key responsibilities include expanding the application of existing patents and transforming technical...
