Cost Control Specialist: Cost Management

Cost Control Specialist: Cost Management

Propel Consult
5-8 years
Not Specified

Job Description

Job Description :
Our client is founded by the Saudi government to bring all communities together and develop all sectors and fields with innovative solutions. The organization generates over $24 million in sales and has over 850 companies and 700 employees.
They are currently looking for a Cost Management & Control Specialist to be based in Saudi Arabia.

Duties & Responsibilities:
  • Review standard project cost reports including committed cost, cost exposure, monthly cost report, forecasted future cost etc.
  • Reconcile cost reports correspond with system-based reports and take necessary corrective actions for discrepancies.
  • Review planning, budgeting and re-forecasting on different projects.
  • Review original estimated cost and total estimated cost to completion.
  • Compare Estimate / Budget to Actual Performance & Forecast and prepare budget utilization report on different projects.
  • Compare forecasted future cost report to project schedule
  • Periodically review cost drivers and advice any changes, if required.
  • Review and validate allocation of indirect and FTE to projects based on approved cost drivers.
  • Ensure timely allocation of indirect and FTE cost to projects.
  • Prepare monthly financial performance cost report.

Qualification & Requirements:
  • Bachelor's Degree in Business Administration or Finance from a recognized university is preferable
  • About 5 years of related experience of which a minimum of 3 years should be in a similar position/ responsibility, preferably in the government / public sector.
  • Extensive knowledge of costing, accounting, business operations, payroll (experience in these areas preferred)
  • Expert knowledge of desktop applications (Ms-Office, Word, Excel, PowerPoint, etc.), Earned Value Management and BI Tools.
  • Working knowledge of project management systems such as SAP, Oracle, S4HANA.

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