Head of Cost Control

Foreground LLC; Muscat; On-site; OMR 120,000 - 180,000; Full time

Job summary

Foreground LLC in Muscat, Oman, seeks a Head of Cost Control to lead budgeting, cost allocation, and project cost tracking across drilling operations and capital projects. The role emphasizes financial discipline and performance aligned with operational goals.

The Head of Cost Control will drive cost forecasting, risk assessments, and executive-level reporting while ensuring compliance with local accounting standards and internal policies.

Qualifications

• 15+ years of cost control and project finance experience in drilling or heavy industries.
• Experience managing cost frameworks for multi-million-dollar drilling projects.
• Strong knowledge of cost accounting standards and GCC financial practices.
• Engineering or finance degree with financial specialization.

Responsibilities

• Develop and implement cost control frameworks across operations and projects.
• Monitor project budgets, variances, and cost performance reports.
• Support procurement and supply chain in cost analysis and vendor negotiations.
• Provide executive-level cost forecasts and risk assessments.
• Ensure compliance with Omani accounting standards and internal policies.
• Lead cost reporting for executive management and external stakeholders.

Skills

Cost control

Budgeting

Cost reporting

Forecasting

Vendor negotiations

Education

Finance or Engineering degree with financial specialization

Job description

Foreground is partnering with a drilling services company in Muscat, Oman, to appoint a Head of Cost Control. This leadership role is critical in ensuring cost efficiency and financial discipline across drilling operations and capital projects.

About the Role

The Head of Cost Control will manage budgeting, cost allocation, and project cost tracking, ensuring financial performance is aligned with operational and commercial objectives.

Key Responsibilities

• Develop and implement cost control frameworks across operations and projects.
• Monitor project budgets, variances, and cost performance reports.
• Support procurement and supply chain teams in cost analysis and vendor negotiations.
• Provide executive-level cost forecasts and risk assessments.
• Ensure compliance with Omani accounting standards and internal policies.
• Lead cost reporting for executive management and external stakeholders.

Qualifications & Experience

• 15+ years in cost control and project finance within drilling, oilfield, or heavy industrial sectors.
• Proven ability to manage cost frameworks for multi-million-dollar drilling projects.
• Strong knowledge of cost accounting standards and GCC financial practices.
• Degree in Finance, Accounting, or Engineering with financial specialization.