Cost Controller

About the Role

MAFAS-Mahmal Facilities Services is seeking a Cost Controller to join their team in Makkah, with operations spanning Jeddah and Makkah. This full-time role is essential for monitoring and managing project costs, ensuring financial accuracy, and supporting strategic decision-making within the organization. The ideal candidate will have 2-5 years of relevant experience.

Key Responsibilities

• Monitor actual project costs against approved budgets and identify variances.
• Track manpower, materials, subcontractors, overheads, purchase orders, and other project-related costs.
• Identify potential cost overruns, margin risks, and unfavorable financial trends.
• Maintain accurate project financial data through the PPM/ERP system.
• Prepare and upload project budgets and ensure proper cost allocation.
• Monitor project profitability, gross margins, cost trends, and overall financial performance.
• Prepare project cost reports, budget-versus-actual analysis, variance reports, and profitability reports.
• Prepare and coordinate project invoices in line with contractual terms, milestones, and approved budgets.
• Coordinate with Finance regarding invoicing, revenue recognition, accruals, and unbilled revenue.
• Support project budgeting, forecasting, and reforecasting activities.
• Support month-end closing by ensuring project costs and revenues are accurately recorded.
• Coordinate with Project Managers, Operations, Procurement, HR, and Finance to obtain accurate financial and operational information.
• Provide timely financial analysis and recommendations to support project decision-making and profitability.

Experience and Qualifications

Candidates should possess 2-5 years of experience in a cost control or a related financial role. A strong understanding of project cost management principles and financial reporting is required.

Technical Skills

Proficiency in using PPM/ERP systems for financial data management is essential. The role requires the ability to analyze complex financial data and prepare detailed reports.

Collaboration and Communication

The Cost Controller will work closely with various departments, including Project Managers, Operations, Procurement, HR, and Finance. Effective communication and coordination skills are critical for gathering accurate information and presenting financial insights.

Application Process

Interested candidates are encouraged to apply. Salary details will be discussed during the interview process.