Cost Control Engineer

4 weeks ago

Eden Prairie, United States Tanqeeb Full time

Job Summary The Cost Control Engineer coordinates in all aspects of the cost capturing, monitoring, and forecasting effort for their assigned project with proper documentation. Ensures in delivering the complete suite of cost-control services and financial support for projects. This position maintains the project cost information, and with the Project Controls Lead shall oversee variations and revisions to existing budgets.

Job Responsibilities

Principal Accountabilities

Monitor, control, and report on projects in terms of cost history and forecast

Maintain planned and actual cost and commitment schedules

Maintains internal labor and project costs to allocated budget

Creates Budget Transfer Requests as directed by the project teams

Implements approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner.

Receives no more than 5 NCRs per month and ensures their resolution within 10 days

Manages cost control on site and be able to complete and confirm all works with a minimum billing of 30 M QR / month

Monitors daily operations assigned for the cost control to ensure compliance with the established standards and procedures

Processes and approves MR, PO, S/C Agreement, PC, SRV, SIV within 10 working hours of their creation

Develops cost structures for all activities, ensuring agreement with the allocated budgets, plans, and accurately assigning costs to designated items to provide better means for controlling day-to-day activities

Daily verifications of the cost allocation of transactions to cost codes and reallocating as needed within 10 working hours of the entry time

Visits the sites at least once weekly to verify the progress measurements

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