Engineer (Cost Control)

• Oversee and monitor the budget of projects, compare the actual cost with the budget and analyze any major deviations from budget.
• Familiar with all individual cost elements of the budget to ensure accurate monitoring of costs.
• Activity based cost analysis and preparation of master budget for the project.
• Prepare monthly costing against the scheduled work with proper resource estimation and its monitoring
• Prepare the resource productivity bench mark for all major activities and resources and monitor against actuals and provide feedback to the management and project team.
• Analyse material cost, Manpower cost, plant cost, fuel cost, sub contract cost etc on a day to day basis and correctly allocate to prime activities it belong to.
• Raise red flags and major risks discovered (based on costs incurred and other financial criteria)
• Analyze costs of sub-contracts involved in the project and compare actual subcontractor costs with budgeted costs.
• Prepare the cash flow forecast under consideration of the expected flow of funds .
• Verify invoices and claims from suppliers and subcontracts to properly capture and record all project expenditures
• Coordinate with procurement to check purchases against budget
• Analyse and provide the cost deviations reports and improvement measures to curb the cost overrun on a regular basis.
• Prepare CTC for the project and update the same quarterly
• Provide cost control and planning advise to the project team as required
• Develop monthly financial project report comparing actual incurred costs against plans with variance analysis for management reviews.

Requirements

Bachelor’s Degree in Civil Engineering

Minimum 5 Years as Cost controller with Main Contracting company mandatory