About the JobIn this role, you will be responsible for managing and optimizing project and operational costs by implementing effective cost control strategies, monitoring budgets, and identifying cost-saving opportunities. You will work closely with project managers and internal teams to track expenses, prepare financial reports and forecasts, and ensure compliance with company policies and budget requirements.
Responsibilities- Develop and implement cost control strategies and procedures to ensure effective financial management.
- Monitor and analyze financial data to identify cost-saving opportunities and improve profitability.
- Prepare and present financial reports, budget forecasts, and variance analysis to senior management.
- Coordinate with project managers and department heads to track and control project costs.
- Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits.
- Conduct regular audits of financial records and procedures to identify and resolve discrepancies.
- Train and mentor cost control staff to ensure their understanding of cost control processes and procedures.
- Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency.
- Stay updated on industry trends, regulations, and best practices in cost control and financial analysis.
- Provide guidance and support to the finance team on cost control matters.
- Perform other duties as assigned by the line manager/supervisor.
Qualifications- Bachelor / Master Degree in Accountant or Engineering from an accredited university.
- Minimum 15 years’ experience in related field on national / international major initiatives and developments.
- Extensive knowledge and experience in project cost management.
- Ability to present budgeting plans and requirements to senior management and other government authorities.
- Capable of fluently communicating in Arabic and English.
- Excellent verbal and written communication skills.
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