Cost Control Specialist

4 weeks ago

Eden Prairie, Minnesota, United States Tanqeeb Full time

Job Summary

The Cost Control Engineer at Tanqeeb plays a pivotal role in ensuring the financial health of our projects. This position is responsible for coordinating all aspects of cost capturing, monitoring, and forecasting, with a focus on delivering accurate and timely financial reports.

Key Responsibilities

  • Monitor and control project costs, ensuring adherence to allocated budgets and schedules.
  • Maintain accurate records of planned and actual costs, commitments, and labor costs.
  • Implement approved departmental policies and procedures to ensure a controlled work environment.
  • Manage cost control on site, ensuring all works are completed within budget.
  • Process and approve various financial documents, including MR, PO, S/C Agreement, PC, SRV, SIV, within 10 working hours of creation.
  • Develop cost structures for all activities, ensuring alignment with allocated budgets and plans.
  • Verify cost allocations and reallocate as needed within 10 working hours of entry time.
  • Visit sites regularly to verify progress measurements and upload verified BCWP into the ERP System within 1 day of the cut-off date.
  • Maintain internal labor and project costs to allocated budget and flag deviations to project management.
  • Reflect workforce productivity reports and man-hour trends in the MJCR.
  • Perform cost analysis and advise management on cost over-runs, working with computerized databases to minimize costs.
  • Produce the Weekly Job Cost Report within 3 days from the end of the week.

Additional Responsibilities

  • Assist in the production of the Monthly Job Cost Report and achieve it within 15 days from the end of the month.
  • Monitor and review accounts to ensure timely invoicing.
  • Review submitted client invoices and produce Over/Under Invoicing calculations within 3 days from the end of the month.
  • Observe all relevant safety, quality, health, and environmental procedures to ensure a healthy and safe work environment.
  • Receive no more than 1 NACRES per month across all projects, related to QA or HSE.

Requirements

  • Minimum 8 years of working experience, with 5 years of relevant experience and 2 years of GCC experience as a plus.
  • Knowledge of cost control packages, such as CCS (Candy), is a distinct advantage.
  • Proficiency in MS Project, Primavera Scheduling, and project cost planning, scheduling, and reporting.
  • ERP knowledge, preferably SAP, is a requirement for success in this role.

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