Oil & Gas- Cost Control Manager

Hire Rightt; Abu Dhabi; On-site; AED 350,000 - 550,000; Full time

Job summary

Hire Rightt is seeking a seasoned Project Controls leader to oversee cost management for EPC, Oil & Gas, and energy projects. You will lead budgeting, forecasting, cost reporting and governance to ensure delivery within approved budgets.

Requirements include a Bachelor's degree in Engineering, Construction Management, Finance or related field; MBA is an advantage. 10–15 years in project controls with 5+ years in management; CCP or PMP preferred.

Qualifications

• Bachelor's degree in Engineering, Construction Management, Finance or related discipline.
• MBA or relevant postgraduate qualification would be an advantage.
• Professional certifications such as CCP or PMP are preferred.
• 10–15 years of relevant experience in project controls, cost control, commercial management or project management.
• At least five years in a managerial or team leadership position.
• Demonstrable experience in EPC, Oil & Gas, energy, infrastructure or industrial projects.
• Proven experience in project budgeting, cost forecasting, variance analysis, cost reporting and financial performance monitoring.

Responsibilities

• Establish and maintain cost control procedures, systems, reporting standards and governance frameworks.
• Lead the preparation and monitoring of project budgets, cost plans, forecasts and cash flow projections.
• Monitor actual costs, commitments and forecast expenditure against approved budgets, identifying variances and recommending corrective actions.
• Prepare and review periodic cost reports, management reports, variance analyses and executive dashboards.
• Maintain accurate cost records, cost allocations, accruals and financial forecasts.
• Review purchase orders, contractual commitments, subcontractor costs, change orders and potential claims.
• Identify cost-related risks, opportunities and potential overruns, developing mitigation measures in collaboration with relevant stakeholders.

Skills

Cost control

Budgeting

Forecasting

Financial reporting

Team leadership

Education

Bachelor's degree in Engineering/Finance/Construction

MBA (advantage)

Tools

CCP (certification)

PMP (certification)

Job description

Industry: EPC, Oil & Gas, Energy ONLY

Responsible for overseeing project cost management, budgeting, forecasting, financial performance monitoring and cost reporting to ensure projects are delivered within approved budgets and achieve their targeted financial objectives.

Responsibilities

• Establish and maintain cost control procedures, systems, reporting standards and governance frameworks.
• Lead the preparation and monitoring of project budgets, cost plans, forecasts and cash flow projections.
• Monitor actual costs, commitments and forecast expenditure against approved budgets, identifying variances and recommending corrective actions.
• Prepare and review periodic cost reports, management reports, variance analyses and executive dashboards.
• Maintain accurate cost records, cost allocations, accruals and financial forecasts.
• Review purchase orders, contractual commitments, subcontractor costs, change orders and potential claims.
• Identify cost-related risks, opportunities and potential overruns, developing mitigation measures in collaboration with relevant stakeholders.

Requirements

• Bachelor's degree in Engineering, Construction Management, Quantity Surveying, Finance or a related discipline.
• An MBA or relevant postgraduate qualification would be an advantage.
• Professional certifications such as Certified Cost Professional (CCP) or Project Management Professional (PMP) are preferred.
• 10–15 years of relevant experience in project controls, cost control, commercial management or project management.
• At least five years in a managerial or team leadership position.
• Demonstrable experience in EPC, Oil & Gas, energy, infrastructure or industrial projects.
• Proven experience in project budgeting, cost forecasting, variance analysis, cost reporting and financial performance monitoring.
• Experience working with multidisciplinary project teams and senior management.