Senior Cost Control Engineer

Innovo Group; Dubai; On-site; AED 300,000 - 420,000; Full time

Job summary

Innovo Group in Dubai seeks a Senior Cost Control Engineer to lead cost management across project delivery, from inception to completion, ensuring alignment with approved budgets.

You will implement and maintain cost control systems, analyze variances, and collaborate with PMT and stakeholders to drive informed decisions.

The role requires strong analytical, commercial thinking, and a track record in cost control within construction, with experience in earned value and CP certifications.

Qualifications

• Bachelor’s degree in Civil Engineering or related field.
• 5+ years in project management, project control, planning, estimation, budgeting, and cost control.
• Experience with Earned Value Management for cost reporting.
• Certified Cost Professional is an added advantage.
• Excellent knowledge of planning/cost control techniques and software.
• Industry certifications in Project Management and Project Controls are a plus.

Responsibilities

• Establish and manage a cost control system to support PM decisions and keep the project within budget.
• Create a cost awareness atmosphere among the Project Management Team.
• Prepare budgets for awarded projects based on actual costs, data, and standards.
• Review tender estimation and escalate irregularities.
• Prepare monthly cost reports comparing performance against budget.
• Liaise with internal teams to allocate actual costs to cost centres.
• Review cost reports with stakeholders and align with the Project Team.
• Monitor daily project costs, metrics, and efficiencies against budget.
• Coordinate risk management activities and initial qualitative/quantitative assessment.
• Input into monthly management reports on project updates and delivery.
• Analyze performance and provide insights on actuals vs budget.
• Update central costing database with accurate metrics.
• Highlight cost deviations and escalate for review.
• Review project budget during scope changes and amend as needed.

Skills

Project management

Cost control

Planning

Budgeting

Data analysis

Education

Bachelor’s degree in Civil Engineering

Job description

Job Description:

Role Purpose

Are you an experienced Cost Control Engineer looking for a great project working with an innovative team who brings creativity, innovation, and technology to disrupt traditional construction practices? Then this could be an excellent opportunity for you!

An Overview of the Senior Cost Control Engineer

You will provide input and insight into all project delivery phases from inception to completion and be responsible for successfully delivering the cost control responsibility for the entire project. You will establish and manage a cost control system in order to support the PMT decision-making process and allow them to complete the project within the approved budget, working in collaboration with everyone, to ensure that the desired objectives are achieved and the proactive engagement with all colleagues

This is a mid-management leadership position that requires a professional proactive approach, leading by example in your collaborative style, being able to be part of a motivated high-performing team, and being able to manage relationships at all levels. You must have the skills required to interpret data, analyze results, think in a commercial context, communicate effectively with purpose, be able to manage multiple responsibilities most importantly have a demonstrable successful track record of experience.

Key Accountabilities

• You will establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget
• Create a cost awareness atmosphere among the Project Management Team
• Prepare projects budget for awarded projects based on actual costs, estimation data, and contractual documents and standards within the costing manual.
• Review project tender document estimation and escalated any irregularity.
• Prepare monthly Cost Reports based on the actual project performance vs project budget.
• Liaise with all internal teams to obtain the actual cost allocated to the project’s cost centre.
• Review Cost Reports with internal stakeholders and align with the Project Team.
• Monitor daily the project costs, reported metrics, and efficiencies e.g., sub-contractors, and materials purchased in line with the approved Project Budget.
• Coordinate the risk management activities startup organising the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
• Input into the monthly management reports e.g. overall project updates and delivery
• Analyses project performance, and provide advice, commentary, and insight on actuals vs budget.
• Input into the central costing database to ensure accurate metrics and information is updated.
• Analyse and highlight any cost deviation/overrun/irregularity and escalated for review.
• Review the Project Budget in the event of scope changes and amend as necessary.

Qualifications, Experience, Knowledge & Skills

• Bachelor’s degree in Civil Engineering or other related engineering field.
• 5+ years’ experience in the domain of project management, project control, planning, and estimation, budgeting, and cost control.
• Experienced in Earned Value Method in cost reporting.
• Certified Cost Professional is an added advantage.

• Excellent knowledge of planning/cost control techniques, methods, systems, standards, and software.
• Industry Certifications in Project Management and Project Controls Computer literate.