Senior Cost Control Engineer

Job Overview
We are seeking an experienced Senior Cost Control Engineer to manage project budgets, cost monitoring, forecasting, and financial reporting. The role focuses on identifying cost variances, assessing financial risks, controlling project expenditures, and supporting management decisions to ensure projects remain within approved budgets.

Key Responsibilities
Budgeting & Cost Control

Develop and maintain project budgets covering labor, materials, equipment, subcontractors, and other project costs.
Monitor project expenditures against approved budgets and analyze cost variances.
Identify potential cost overruns and recommend corrective actions.
Manage budget revisions and assess the financial impact of project changes.
Cost Forecasting & Risk Management

Prepare and update cost forecasts and cash flow projections.
Assess financial risks and recommend cost-control measures.
Apply Earned Value Management (EVM) techniques, including Cost Performance Index (CPI), to evaluate project performance.
Support cost optimization and financial risk mitigation.
Reporting & Performance Analysis

Prepare periodic cost reports, financial forecasts, dashboards, and management presentations.
Analyze cost trends and report deviations from financial targets.
Support PMO reporting for large-scale construction and real estate development projects.
Coordinate with Planning and Scheduling teams to align project timelines, resources, and budgets.
Project & Contract Coordination

Manage cost variations, cost allocations, and Work Breakdown Structure (WBS) requirements.
Coordinate with project teams on budget changes and financial impacts.
Support subcontractor cost management, invoice verification, quantity surveying, and contract administration.
Ensure proper documentation and approval of cost changes.
Systems & Process Improvement

Use SAP ERP for project cost tracking, budget monitoring, and financial reporting.
Apply advanced Microsoft Excel for cost analysis, financial modelling, and reporting.
Support Power BI dashboards and other data visualization tools.
Improve cost-control procedures, reporting accuracy, and automation.
Ensure compliance with company policies, quality standards, and applicable HSE requirements.
Academic Qualification
– Bachelor’s Degree in Civil Engineering or a relevant field

Experience
– 6–15 years of relevant experience

Technical / Functional Competencies
Cost Estimating
Project Cost Control
Cost Variance Analysis
Budgeting & Forecasting
Earned Value Management (EVM)
Cash Flow Projections
Financial Risk Management
SAP ERP
Advanced Microsoft Excel
Power BI & Dashboard Reporting
WBS & Variation Management
Subcontractor Cost Management
Preferred Qualifications
Certified Cost Professional (CCP) or Project Management Professional (PMP).
Experience in construction, real estate development, or large-scale projects.
Knowledge of revenue recognition, cost optimization, and financial risk analysis.