Senior Cost Control Engineer

confidential; Kuwait; On-site; KWD 20,000 - 28,000; Full time

Job summary

Confidential in Kuwait is seeking a Cost Control & Reporting professional to lead cost control execution, develop WBS/CBS, and drive process improvements across project phases.

The role focuses on risk mitigation, stakeholder relations, and timely cost reporting, including EVM dashboards and KPI tracking. You will collaborate with cross-functional teams to ensure budget adherence and data-driven decision making.

Responsibilities

• Define cost control execution strategy and implement cost controls processes and work instructions.
• Define project structure, WBS and CBS.
• Lead initiatives to improve cost control processes for efficiency and predictability.
• Develop proactive risk mitigation strategies across all project phases.
• Build strong stakeholder relationships and provide strategic cost insights.
• Communicate cost status and risks in cross-functional meetings.
• Develop and maintain cost reporting, including EVM dashboards and KPI tracking.
• Monitor cost against forecast and identify variances for corrective actions.

Skills

Effective communication

Cross functional collaboration

Stakeholder coordination

Reporting & presentations

Job description

Collaboration & Coordination:

• Define cost control execution strategy, develop & implement cost controls processes, practices and work instructions
• Define project structure, develop & maintain the project work breakdown structure (WBS) and cost breakdown structure (CBS)
• Drive process improvements - Lead initiatives to improve cost control processes, enhancing project efficiency and predictability
• Risk Mitigation - Develop proactive strategies to identify and mitigate cost-related risks across all project phases
• Stakeholder Relations - Build strong relationships with key stakeholders, providing strategic insights to support informed decision-making
• Lead initiatives to improve cost control processes, enhancing project efficiency,
• Lead cross-functional meetings to communicate cost status and potential risks to key stakeholders

Cost Control & Reporting:

• Work with the estimate team to cascade the estimate into the control budget
• Develop a control account system
• Support PO generation and update process, Track actual cost, Review and coordinate invoices & approval and Develop & update cost reporting
• Date Driven Decision making - Analyze project cost reports to support strategic planning and improve decision-making processes
• Trend - Performance analysis - Conduct trend analysis on cost performance metrics to identify patterns and anticipate potential issues
• KIP development - Establish, oversee, maintain and provide analysis on cost controls reporting, including earned value management EVM, dashboards and key performance indicators (KPI)
• continuously monitor cost against the forecast, identifying variances and potential budget overruns

Checks & Balances:

• Audit - compliance - Conduct regular audits of data & reports and invoices to maintain compliance with contracts and improve accountability
• Lead cost review and change management meetings and secure approvals for major changes as needed and directed by management
• Variance analysis - Track progress against baseline, analyze deviations

Skills

• Effective Communication: Facilitate timely communication of cost reports, risk to the project stakeholders
• Cross Functional Collaboration: Foster strong partnerships with project managers to ensure alignment
• Stakeholder Coordination - Serve as the primary point of contact for budget and cost-related discussions
• Reporting & Presentations: Develop and deliver detailed reports on cost performance for the entire project