Cost Control Manager

Power International Holding (PIH)

As Sudiyah

On-site

OMR 22,000 - 36,000

Full time

14 days+

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Job summary

Power International Holding (PIH) seeks a Cost Control Manager to lead budgeting, cost estimation, and financial control across projects. You will craft detailed budgets, monitor expenditures, and ensure alignment with strategic goals.

The role requires strong analytical skills, ERP/SAP experience, and a track record of managing cost variances, contracts, and risk mitigation. You will collaborate with PMs, finance, and operations to drive financial efficiency and compliance with IMS policies.

Qualifications

Expertise in budgeting, cost estimation, and financial analysis.
Strong analytical skills to interpret financial data and variances.
Knowledge of risk assessment and mitigation strategies.
Understanding of contract terms and negotiation to oversee financial compliance.
Excellent communication and leadership abilities for financial teams.
ERP knowledge—SAP preferred.

Responsibilities

Develop detailed project and departmental budgets aligned with organizational goals.
Prepare accurate cost estimates for projects, including expenses and risks.
Monitor and track project expenditures against budgets.
Analyze cost variances and recommend corrective actions.
Generate detailed financial reports for senior management and stakeholders.
Implement and maintain cost control systems and procedures.
Identify financial risks and develop mitigation strategies.
Review and manage contracts for cost-related issues and compliance.
Communicate with project managers, finance teams, and stakeholders on financial matters.
Identify opportunities to improve cost control practices and processes.
Support implementation of HSE initiatives aligned with IMS policies.

Skills

Budgeting

Cost estimation

Financial analysis

Risk assessment

Contract terms knowledge

Communication

Leadership

SAP

Education

Bachelor's degree in Finance/Accounting/Economics/Business

Tools

SAP

Job description

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The Cost Control Manager ensures the financial health of projects by developing, monitoring, and managing budgets. They provide accurate cost estimates, track expenditures, and identify variances to maintain financial control. Their role involves implementing effective cost control systems and strategies to optimize resource allocation and achieve financial efficiency.

Job Responsibilities 1

Develop detailed project and departmental budgets, ensuring they align with overall organizational financial goals.

Prepare accurate cost estimates for projects, incorporating all potential expenses and risks to forecast financial needs.

Monitor and track project expenditures continuously, comparing actual costs against budgeted amounts.

Analyze cost variances, identify reasons for discrepancies, and recommend corrective actions to manage budget deviations.

Generate detailed financial reports, highlighting key metrics, trends, and issues for senior management and stakeholders.

Implement and maintain robust cost control systems and procedures to ensure financial accuracy and efficiency.

Identify financial risks and develop mitigation strategies to prevent cost overruns and budgetary impacts.

Review and manage contracts, ensuring compliance with financial terms and addressing any cost-related issues.

Communicate effectively with project managers, finance teams, and other stakeholders to ensure alignment on financial matters.

Identify opportunities for improving cost control practices and processes, implementing changes to enhance financial management.

Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies

Job Responsibilities 2

Additional Responsibilities 3

Job Knowledge & Skills

Expertise in budgeting, cost estimation, and financial analysis to ensure accurate and effective financial planning.

Strong analytical skills to interpret financial data, identify cost variances, and provide actionable insights.

Knowledge of risk assessment and mitigation strategies to manage potential financial risks and cost overruns.

Understanding of contract terms and negotiation to oversee financial compliance and address cost-related issues.

Excellent communication skills for reporting to stakeholders and strong leadership abilities to manage and guide financial teams.

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus

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