Project Cost Controller
WOLFFKRAN
Date: 20 hours ago
City: Riyadh
Contract type: Full time
WOLFFKRAN for Equipment is looking for a talented Project Cost Controller to join our team!
This is an exciting opportunity to work at the forefront of one of the giga projects in Saudi Arabia's .
Tasks
Job Description: Monitors and controls project costs, ensuring efficient project execution within budget, reports on the progress. Reporting to the Finance Director.
- Monitors Project Expenditures against the Approved Budget and Identifies and Reports Variances.
- Checks that time is properly accounted for in projects.
- Produces the Percentage of Completion Sheets for all the projects and discuss with the Project Managers then reports them to the Accounting on a monthly basis to account for it.
- Analyses Cost Variances and Provides Insights for Corrective Actions.
- Prepares with the Delivery Director , Finance Director, Supply Chain Manager Commercial Manager Reports and Monthly Forecasts (Income, Cost, and Cash Flow).
- Participates in Project Reviews and Provides Financial Updates to Project Stakeholders.
- Records the minutes of the cost control and the PMO meetings.
- Ensures Adherence to Cost Control Procedures for all Projects.
- Reports to Managing Director and Finance Director on How Project Managers and the Operations Department has Achieved its KPIs.
- Monitors the suppliers’ costs in relation with the P.O. issued and received invoices.
- Helps in the Monthly and Quarterly closings and production of reports.
Authorities: Approves project purchase , expenses and amendments within the Business Plan and flags (and significant cost deviations requiring management intervention) to be sent for final Approval by the Company Board and MD.
Requirements
- Degree Qualification or equivalent in Quantity Surveying
- 10+ years’ experience of project cost controlling, change control and reporting in construction projects
- Understanding and experience in forecasting, budget movements, commitments, EFC and cash flows
- Ability to work with other multifunctional stakeholders i.e schedulers/planners, finance, risk
- Good working knowledge of Excel essential, experience with SAP would be advantageous plus Odoo
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