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Project Cost Controller
Job summary
A leading construction firm in Riyadh is looking for an experienced Project Cost Controller. The role involves monitoring and controlling project costs, preparing financial reports, and collaborating with various teams. The ideal candidate has over 10 years of experience in construction project cost control, strong Excel skills, and a degree in Quantity Surveying. This is a pivotal role in ensuring effective project execution within budget.
Qualifications
- 10+ years of experience in project cost controlling, change control, and reporting in construction projects.
- Understanding of forecasting, budget movements, commitments, EFC, and cash flows.
- Ability to work with multifunctional stakeholders.
Responsibilities
- Monitors project expenditures against the approved budget.
- Produces the percentage of completion sheets for all projects.
- Participates in project reviews and provides financial updates.
Skills
Education
WOLFFKRAN for Equipment is looking for a talented Project Cost Controller to join our team!
This is an exciting opportunity to work at the forefront of one of the giga projects in Saudi Arabia's .
Job Description: Monitors and controls project costs, ensuring efficient project execution within budget, reports on the progress. Reporting to the Finance Director.
- Monitors Project Expenditures against the Approved Budget and Identifies and Reports Variances.
- Checks that time is properly accounted for in projects.
- Produces the Percentage of Completion Sheets for all the projects and discuss with the Project Managers then reports them to the Accounting on a monthly basis to account for it.
- Analyses Cost Variances and Provides Insights for Corrective Actions.
- Prepares with the Delivery Director , Finance Director, Supply Chain Manager Commercial Manager Reports and Monthly Forecasts (Income, Cost, and Cash Flow).
- Participates in Project Reviews and Provides Financial Updates to Project Stakeholders.
- Records the minutes of the cost control and the PMO meetings.
- Ensures Adherence to Cost Control Procedures for all Projects.
- Reports to Managing Director and Finance Director on How Project Managers and the Operations Department has Achieved its KPIs.
- Monitors the suppliers’ costs in relation with the P.O. issued and received invoices.
- Helps in the Monthly and Quarterly closings and production of reports.
Authorities: Approves project purchase , expenses and amendments within the Business Plan and flags (and significant cost deviations requiring management intervention) to be sent for final Approval by the Company Board and MD.
- Degree Qualification or equivalent in Quantity Surveying
- 10+ years’ experience of project cost controlling, change control and reporting in construction projects
- Understanding and experience in forecasting, budget movements, commitments, EFC and cash flows
- Ability to work with other multifunctional stakeholders i.e schedulers/planners, finance, risk
- Good working knowledge of Excel essential, experience with SAP would be advantageous plus Odoo
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.