Senior Cost Control Officer

Power International Holding (PIH); Saudi Arabia; On-site; SAR 120,000 - 180,000; Full time

Job summary

Power International Holding (PIH) is seeking a Senior Cost Control Officer to manage project cost performance and profitability. The role involves coordinating with project managers to track expenditures, prepare cost forecasts, and ensure accurate invoicing and cost reporting across multiple projects in the region.

The ideal candidate has substantial experience in cost control, scheduling, and procurement, with familiarity in SAP, MS Project and Primavera.

Qualifications

• Bachelor's degree in civil or related engineering field.
• 5+ years of cost control experience on projects.
• Experience with cost reporting, forecasting and variance analysis.
• Familiarity with SAP, MS Project or Primavera.
• Understanding of procurement contracts and invoice verification.

Responsibilities

• Provide planning and cost controlling support for all projects including variation reporting.
• Develop and maintain project cost reports and cost tracking.
• Prepare regular cost reports and communicate forecasts of overruns to management.
• Ensure cost control procedures are in place with project teams.
• Review invoices and ensure 3-way match (PO, SRV/Delivery note, Invoice).
• Coordinate with finance for monthly evaluation of work done and payments.

Skills

Cost control expertise

Project scheduling

Cost forecasting

Contract/Procurement understanding

Education

Bachelor's Degree in Civil Engineering or related engineering field

Tools

MS Project

Primavera Scheduling

SAP

Job description

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The Senior Cost Control Officer works collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability. The role is responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.

Job Responsibilities

• Provide planning and cost controlling support for all projects which includes variation reporting, monitoring of milestone progress to the preparation of customer billing processes, etc.
• Perform and manage project activity scheduling and monitoring Develop and maintain program and project cost reports and cost tracking
• Develop and audit cost forecasts variances, as needed.
• Work with all relevant project personnel to ensure that cost control procedures are in place.
• Assist is setting up project(s) with Computerized Cost System upon agreed format.
• Assist the project manager in identifying and gaining approval of estimates/change requests.
• Review cost commitment and expenditure information for all cost elements, for input to the computerized cost control and reporting system on a consistent basis and ensuring that all information received is accurate and correctly input.
• Prepare regular cost reports and advising management of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner.
• Highlight cost areas of concern and suggesting areas of improvement.
• Maintain comprehensive accessible registers of financial approvals, variations and change orders.
• Liaise with the finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification
• Ensure that all cost related work is in compliance with procurement contract(s).
• Prepare and process payment request receive from Procurement.
• Review invoices to ensure that all the information appearing on them is accurate and complete
• Ensure the 3 way match of payment (PO, SRV/ Delivery note and Invoice)
• Update and provides Payment Tracking Reports.
• Coordinate with supplier for ensuring the availability of statement of account before processing payments.
• Prepare reconciliation of Supplier Account; reconcile vendor statements with our own balances and make corrections of discrepancies, if any and accordingly.
• Coordinate for timely resolution for any dispute
• 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 Knowledge & Skills

• In-depth knowledge of engineering/design/ job working instruction / procedures
• Good project control practices in planning and scheduling and overall awareness of projects.
• Project cost planning, scheduling and reporting.
• MS Project, Primavera Scheduling and SAP software is highly advantageous
• Understands the corporate and project(s) specific cost procedures and carry out all work
• Understand all relevant project documents relating to cost management
• ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

• Minimum 5 year(s) working experience, 3 year(s) relevant working experience, 2 year (s) GCC is a plus
• Resilience
• Agility
• AI Fluency
• Quality_321977507
• Leadership_321977503
• Warehouse Inventory L2
• Cost Control L2_321977571
• Projects-Commercial L2
• Project Planning L2_321977563
• Time and Task Management L2

Education

Bachelor's Degree in Civil Engineering or Engineering