Cost Control Engineer

Job description

Galfar Engineering & Contracting is recruiting a Cost Control Engineer for its infrastructure projects in Muscat. The engineer builds the project master budget, tracks actual cost against budget, analyses material, manpower, plant and subcontract costs, forecasts cash flow and reports cost deviations to management.

A main-contracting background is mandatory.

Responsibilities

• Oversee and monitor project budgets, compare actual cost with budget and analyse any major deviations
• Stay familiar with all individual cost elements of the budget to ensure accurate cost monitoring
• Carry out activity-based cost analysis and prepare the master budget for the project
• Prepare monthly costing against the scheduled work with proper resource estimation and monitor it
• Prepare resource productivity benchmarks for all major activities and resources, monitor against actuals and give feedback to management and the project team
• Analyse material, manpower, plant, fuel and subcontract costs day to day and allocate them to the right prime activities
• Raise red flags and major risks discovered based on costs incurred and other financial criteria
• Analyse subcontract costs and compare actual subcontractor costs with budgeted costs
• Prepare the cash flow forecast considering the expected flow of funds
• Verify invoices and claims from suppliers and subcontractors to capture and record all project expenditure
• Coordinate with procurement to check purchases against budget
• Analyse and report cost deviations and improvement measures to curb cost overruns on a regular basis
• Prepare the cost to complete (CTC) for the project and update it quarterly
• Provide cost control and planning advice to the project team as required
• Develop a monthly financial project report comparing actual incurred costs against plans, with variance analysis, for management review

Requirements

• Bachelor's Degree in Civil Engineering
• Minimum 5 years as a cost controller with a main contracting company (mandatory)

Skills

• Budget Monitoring
• Cash Flow Forecasting
• Cost Analysis
• Cost Control
• Subcontract Cost Analysis