Cost Control Manager

Overview

Cost Control Manager Jobs in Riyadh, Saudi Arabia at MARCO

Title: Cost Control Manager

Company: MARCO

Location: Riyadh, Saudi Arabia

Job Summary

• Revise and reissue MARCO’s cost control procedures and establish them as controlled documents applied consistently across every project.
• Own the company-wide cost breakdown structure and cost code library and enforce a single coding standard across the portfolio.
• Establish the monthly cost control reporting cycle, its calendar, its inputs, and its owners.
• Convert project budgets and margins into working control budgets and maintain them through the variation and change lifecycle.
• Maintain commitment control across subcontracts and purchase orders, giving visibility of committed, incurred and forecast cost before expenditure is realised.
• Operate a trend and change register that captures cost movement at the point it becomes known
• Produce monthly cost-value reconciliation for every project, cost incurred against value earned, against value certified, and explain the variance at cost-code level.
• Produce and defend the forecast cost at completion and cost to complete for each project, and identify projects trending towards loss early enough for corrective action to be possible.
• Provide cost forecasts as an input to the Chief Financial Officer for cash flow planning.
• Oversee and report project expenditure independently of the operational line and escalate cost exposure directly to the Chief Executive Officer.
• Provide the independent cost data underpinning the company’s consumption and reconciliation controls across plant and equipment, fuel, bulk materials and labour.
• Report portfolio cost performance to the Chief Executive Officer monthly, and to the joint-venture boards as required.
• Exercise dotted-line functional authority over project-based cost control and quantity surveying staff.
• Participate in the selection and performance review of project cost control and quantity surveying staff and set their technical competency standards.
• Build and develop cost control capability across the projects.

Qualification / Skills and Experience

• Bachelor’s degree in quantity surveying, Civil Engineering, Construction Management, or Finance / Accounting with a demonstrated construction track record.
• Minimum 15 years in construction cost control, project controls or commercial management, including at least 5 years at head-of-function or portfolio level across multiple concurrent projects.
• Demonstrated personal ownership of cost-value reconciliation and forecast at completion on projects of significant value. Candidates should expect to walk through their own methodology in detail at interview.
• Practical experience of an ERP cost module, including participation in an implementation, migration or major reconfiguration.
• Oracle Fusion cost management experience specifically.
• Professional certification: one of CCP (AACE International), MRICS, or equivalent.
• Experience of joint-venture cost control and reporting to a JV board.