16121 - Cost Specialist

ParamInfo; Abu Dhabi; On-site; AED 180,000 - 300,000; Full time

Job summary

ParamInfo in Abu Dhabi, United Arab Emirates, is seeking a Cost Specialist to lead cost estimation and budgeting for project delivery.

You will develop estimates, forecast costs with FM, review contractor invoices, monitor cash flow, and support risk management activities to drive efficiency and value across the portfolio.

Qualifications

• Develop cost estimates supported by benchmarked data and driven by value engineering and risk management.
• Forecast costs for all business requirements and identify opportunities to reduce costs.
• Work with FM team to evaluate claims and invoices.
• Define, communicate and obtain cost information from FM for reporting.
• Monitor and report cash flow forecasts timely and accurately.
• Analyze variances between planned and actual costs and propose recovery actions.
• Check and verify Contractor’s payment applications / invoices and provide inputs.
• Develop annual budget plan for FM and align with business needs.
• Perform other tasks as assigned by Management.

Responsibilities

• To develop cost estimates supported by benchmarked data and driven by value engineering and risk management best practice approaches.
• To forecast cost for all business requirements, identify opportunities to reduce cost and drive VE solutions.
• To work with FM team to evaluate claims and invoices.
• To define, communicate and obtain necessary cost information from FM for reporting purposes.
• To monitor and report cash flow forecasts timely and accurately.
• To analyze and report variances in planned vs actual costs and support recovery actions.
• Check & verify Contractor’s Payment Applications / Invoices and support the approval process.
• Assist to develop and report Cash Plan and Accrual Status
• Assist in providing Cost related information to Budget Tracker and other reports.
• Develop annual budget plan for FM department and ensure alignment with business needs.

Skills

Cost Specialist

Financial experience

Facility Management

People Management

Invoices processing

Job description

Location: Abu Dhabi, United Arab Emirates

• To execute day-to-day operations relating to the planning and control of costs and estimating for the effective and successful delivery of the Projects.

Key Responsibilities:

Core Responsibilities:

• To develop cost estimates supported by benchmarked data and driven by value engineering and risk management best practice approaches.
• To work with c to forecast cost for all business requirements, identify opportunities to reduce cost and drive potential value engineered solutions.
• To work with FM team to evaluate claims and invoices.
• To define, communicate and obtain all the necessary cost information from FM team for reporting purposes.
• To monitor and report cash flow forecasts timely and accurately.
• To analyze and report variances in planned versus actual costs in each monthly report and support the team in identifying resultant recovery actions for the following month.
• Check & verify Contractor’s Payment Applications / Invoices and supports their approval process providing requested inputs and clarifications.
• Assist to develop and report Cash Plan and Accrual Status
• Assist in providing Cost related information to the Budget Tracker and other reports.
• Develop annual budget plan for FM department and to ensure alignment with business needs.
• Any other work as assigned by Management.

People Management Responsibilities:

• To build effective relationships with AD Ports Group internal customers, management, contractors, and suppliers in order to ensure that effective cost and estimating information is collated, structured and presented in an appropriate manner.

Strategic Responsibilities:

• To provide effective recommendations in improving the process, procedures & deliverables related to all cost disciplines.
• Assist in preparation of budget plan and analysis.

HSE & Security Responsibilities:

• Demonstrate compliance to the requirements of applicable legal requirements.
• Identify potential hazards and dangerous occurrences at the workplace and comply safe work instruction/guideline.
• Adhere to the safety measures identified in the Risk Assessments, Operation procedures and other HSE procedures.
• Report HSE observation, near miss and other similar incidents.

Required Skills

• Cost Specialist 5 0
• Financial experience 5 0
• Facility Management Services 5 0
• People Management 5 0
• Contractor’s Payment Applications / Invoices 5 0