Overview
Commercial & Cost Control Director Jobs in Dubai, United Arab Emirates at Confidential
Title: Commercial & Cost Control Director
Company: Confidential
Location: Dubai, United Arab Emirates
- Lead and oversee the cost control function for multiple projects, ensuring alignment with company- wide financial strategies and objectives.
- Provide strategic direction for cost control methodologies, systems, and processes to ensure the efficient and effective management of project budgets.
- Monitor and assess the overall financial health of all ongoing projects, with a focus on long-term cost optimization and financial performance.
- Collaborate with the Tender and Estimation departments to review and refine project cost estimation files before project awards.
- Lead the preparation and approval of the Baseline Budget for projects, ensuring all stakeholders (CEO, Commercial, Project Control Managers, etc.) are consulted and approval is obtained.
- Ensure accurate alignment of project cost structures (WBS, OBSj with company norms and standards.
- Approve amendments to project budgets in case of additional scope or changes, ensuring that any variations are properly documented and communicated to senior management.
- Oversee the preparation of comprehensive Monthly Project Cost Control Reports using ERP systems, ensuring alignment with company standards and accurate cost vs. budget analysis.
- Perform in-depth cost analysis and identify potential cost overruns or deviations, taking proactive measures to mitigate risks and escalate issues when necessary.
- Lead the creation of detailed financial reports and presentations for senior management, providing clear insights into project cost status, variances, and corrective actions.
- Supervise the evaluation of cost-to-complete reports, ensuring accuracy and reliability of forecasts based on historical data and trends.
- Implement advanced cost control techniques and systems, including Earned Value Management (EVM), to monitor project progress and cost efficiency.
- Define and enforce efficiency targets for project resources, including direct materials, consumables, labor, and equipment, ensuring alignment with budgetary constraints.
- Review and set standards for material wastage, direct and indirect manpower deployment, and equipment usage to maximize cost efficiency.
- Serve as the primary point of contact between project teams, finance, and senior management regarding cost control matters.
- Prepare and present comprehensive cost reports to internal and external stakeholders, translating complex cost data into actionable insights.
- Define and track Key Performance Indicators (KPIs) to assess the financial health of projects and overall cost control performance.
- Regularly analyze KPIs against industry benchmarks and historical performance data to identify areas for improvement.
- Ensure that all project budget documents, reports, and revisions are up-to-date and approved by management.
- Be proficient in using the company's ERP system (e.g., SAP, Oracle, etc.) to manage project budgets, cost codes, and financial data.
- Ensure accurate data input, tracking, and reporting using the ERP system, and leverage the system for real-time project cost monitoring and decision-making.
- Continuously optimize ERP system usage to improve cost control processes and data accuracy across multiple projects.
- Drive the continuous improvement of cost control systems and methodologies, adopting best
- practices and new technologies to enhance cost efficiency.
- Stay updated with industry trends and innovations related to cost control and project management.
Requirements:
- Bachelor's degree in Civil or related field (Master's preferred).
- Minimum 15+ years of experience, with at least 5 years in a leadership role, large scale construction sector.
- Proven experience with large-scale mixed-use or high-rise building projects.
- Candidate must hold a recognized professional certification such as CCCP/ CPCCM/ CCT and CPE etc.
- Proven expertise in project planning, budgeting, cost control, and project performance monitoring.
- Excellent leadership, negotiation, and communication skills.