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Sr. cost control

1.00 to 10.00 Years   Riyadh, Saudi Arabia   12 Oct, 2023
Job LocationRiyadh, Saudi Arabia
EducationNot Mentioned
SalaryNot Mentioned
IndustryGeneral Engineering Consultancy
Functional AreaNot Mentioned

Job Description

1. Make sure that a project cost control system is set up that is accurate, reliable, and complete for budgeting, tracking, controlling changes, and estimating all project costs.02. set-up cost breakdown and project coding structures.03. Help make and manage the project budget with the help of the cost manager and the project team.04. Analyze the variance in cost and schedule and recommend corrective actions.05. Review and verify all cost transactions, such as purchase orders, purchase requests, invoices from suppliers and subcontractors, transfers of assets, and transfers of people, to make sure that all project costs are properly recorded.06. Identify trends, deviations and report them to the cost manager.07. Monitor the status of the allocation and expenditure of project commitments.08. Prepare documentation to support scope changes in relation to budget, estimate, and forecast.09. Prepare a monthly cost report that includes actual and forecast costs for the project.10. Provide accurate and timely financial cost status reports, including maintaining cash.11. Monitor and track the efficiency of the resources (manpower, assets) against the revenue.12. Coordinate with the planning team to prepare the projects cash flow.13. Monitor and control the wastage of the resources.14. Monitor and control material stock to achieve the target of JIT as efficiently as possible.

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