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The Cost Controller is responsible for monitoring, analyzing, forecasting, and reporting project cost performance throughout the project lifecycle. The role supports Project Managers and key stakeholders by providing accurate and timely cost information, identifying trends and variances, evaluating risks and changes, and developing reliable forecasts to support effective business decisions.
The position requires a strong understanding of project controls, cost engineering, forecasting, budgeting, change management, earned value, cost and schedule integration, and project accounting. The individual will work closely with Project Management, Construction, Engineering, Finance, and Supply Chain to ensure that actual costs, commitments, changes, risks, contingency, and schedule impacts are appropriately reflected in the project forecast.
What you’ll do
Review and report project performance using variance analysis, trend analysis, and earned value performance to evaluate the cost and schedule performance over time.
Monitor project data, performing analysis and identifying trends; providing timely advice on impact of changes, modifications, or alternatives to drive key business decisions.
Lead the forecast for project completion costs, including productivity measurements, labor rate analysis, commitments, management of change, schedule impacts, material cost variance, contract changes, and invoice payments.
Responsible for the preparation of regular project reports ensuring variances, incurred, committed, and forecasted costs are properly explained and communicated to the project team.
Develop and maintain Work Breakdown Structure (WBS).
Track use of contingency, management reserve, and approved changes to project budget
Collaborate with Project Manager and team to review data and define construction cost tracking to ensure commitments, schedule requirements, and risk items are accurately represented in the project forecast and linked to the schedule.
Support the Project Manager by providing financial reporting requirements for bidding, during contract selection and administration of the contracts.
In-depth understanding of contract requirements for billing, issue requisitions and assist in invoice reviews and payment approvals.
Lead project audits and reviews, ensuring compliance with standards and processes.
Identify opportunities for improvement to forecasting and other project cost control methodologies and document as lessons learned.
Strategic planning, budget reviews and risk analysis with upper management.
Maintain project forecast and cost flow in SAP.
Work with Supply Chain to ensure all incurred costs are up-to-date and ensure contracts are coded appropriately to the project.
Adhoc reports to support request from different departments of the company.
Minimum qualifications
Bachelor's degree in Engineering or a related discipline is required.
3 - 6 years of related experience.
Proven working knowledge of project control functions and processes, including planning / scheduling, cost estimating, cost control, change management, financial, and project accounting processes and systems.
Results oriented with sound problem-solving skills and an aptitude for attention to detail and accuracy.
Excellent analytical skills; must have ability to gather and analyze data to make informed and sound decisions and recommendations as appropriate.
Fluent in English is Mandatory.
Proficiency in Microsoft Office Suite, with advanced Microsoft Excel skills.
Preferred qualifications
Project Experience ranging from $ 3M to $ 50M.
Knowledgeable and experienced with cost engineering principles and methods…