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NGHC Cost Controller

5.00 to 7.00 Years   Duba, Saudi Arabia   28 Sep, 2022
Air Products (Middle East) FZE
1 Jobs Openings
Job LocationDuba, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryHeavy Industry & Metallurgy
Functional AreaNot Mentioned

Job Description

POSITION SUMMARYTo perform the cost control functions. Cost control function for the Project will include:

  • Project Scope Control
  • Project Scope Changes and Transfers
  • Procurement Packages Scope Definition, Budget Allocation and Pay Item Formulation
  • Procurement Packages Scope Changes and Transfer
  • Awarded Packages Monitoring and Forecasting
  • Maintain Trend Log (Scope/Non-Scope, Engineering, Packages Commodities)
  • Oversee and Monitor PM+ Cost Control Implementation
  • Accounting and Forecasting activities
  • All activities related to and having an impact on the final cost of the Project
NATURE & SCOPEThe Project Leadership team is looking for a Cost Controller who can provide a thorough understanding of financial internal controls and risk with proven ability to implement and refine internal controls inline with organizational needs.PRINCIPAL DUTIES AND RESPONSIBILITIESIn accordance with the project Instructions and as approved by the Lead Cost Controller, the Cost Controller has the responsibility and commensurate authority to accomplish the following duties:
  • To initiate and implement the project cost coding with its corresponding structure in a compatible manner to accommodate the requirements of other disciplines i.e.
  • Estimating
  • Accounting
  • Engineering Management
  • Construction Management
  • Procurement
  • To perform the recasting of the project estimate into the Project Budget.
  • To create cost items and assign cost items to procurement items.
  • To ensure that all procurement packages have been assigned a Budget, correctly cost coded and that the total assigned Budget for all packages is in balance with the Total Project Budget.
  • To formulate for insertion in the Tender documents pay items that are practically progressible by the inspectors in the fabrication shops, the engineering staff and the construction staff.
  • To ensure that all purchase requisitions are for goods or services that are within the Project Scope, that the proper Budget and cost code have been assigned.
  • To perform the preparation and maintenance of the variations register to ensure proper coding and Budget allocation.
  • To perform the preparation and maintenance of the cost reports.
  • To coordinate the progress reporting of purchase and construction contracts in order to calculate accruals for period end reporting.
  • To coordinate the forecast of final cost for all procurement packages pre and post award.
  • To coordinate and perform the process period end and new period, ensure validity of database and run the monthly cost accounting and forecasting reports.
  • To provide as requested special studies and reports such as cash flow projection, foreign exchange variations, overseas transportation, custom duty, logistics etc.

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