Senior Cost Control Engineer

confidential; Kuwait City; On-site; KWD 50,000 - 70,000; Full time

Job summary

A leading engineering firm in Kuwait City is looking for a professional to define and implement cost control execution strategies. The role includes developing project structures, leading cost control processes, and managing stakeholder communications. Ideal candidates should possess strong analytical and reporting skills along with effective collaboration abilities across functional teams.

Qualifications

• Experience in defining cost control execution strategies.
• Proficiency in project structure development and maintenance.
• Ability to conduct trend analysis on cost performance metrics.
• Experience in stakeholder relationship management.

Responsibilities

• Define cost control execution strategy and implement practices.
• Develop and maintain project work breakdown structure.
• Lead initiatives to improve cost control processes.
• Conduct audits of data and reports for compliance.
• Facilitate communication of cost reports to stakeholders.

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