Cost Control Engineer

About the Role

UrbaCon Contracting & Trading Company is seeking a Cost Control Engineer for a full-time position. This role involves coordinating all aspects of cost capturing, monitoring, and forecasting for assigned projects, ensuring proper documentation. The Cost Control Engineer will deliver a complete suite of cost-control services and financial support for projects, maintaining project cost information and overseeing budget variations and revisions with the Project Controls Lead.

Key Responsibilities

• Monitor, control, and report on project costs, including historical data and forecasts.
• Maintain planned and actual cost and commitment schedules.
• Manage internal labor and project costs against allocated budgets, flagging deviations to project management.
• Create Budget Transfer Requests as directed by project teams and provide feedback on alternative construction methods.
• Implement approved departmental policies and procedures, ensuring adherence to established processes.
• Process and approve Material Requisitions (MR), Purchase Orders (PO), Subcontractor Agreements (S/C Agreement), Petty Cash (PC), Store Requisition Vouchers (SRV), and Store Issue Vouchers (SIV) within 10 working hours of creation.
• Develop cost structures for all activities, ensuring alignment with allocated budgets and accurately assigning costs to designated items.
• Perform daily verifications of cost allocation for transactions to cost codes, reallocating as needed within 10 working hours of entry time.
• Visit sites at least once weekly to verify progress measurements.
• Upload verified Budgeted Cost of Work Performed (BCWP) into the ERP System no later than one day after the Cut-off Date.
• Reflect workforce productivity reports and man-hour trends, including them in the Monthly Job Cost Report (MJCR).
• Perform cost analysis and advise management on cost over-runs, utilizing computerized databases to manage deviations and minimize costs.
• Produce the Weekly Job Cost Report within 3 days from the end of the week.

Compliance and Reporting

• Ensure no more than 5 non-compliances per month, with 100% resolution within 10 days.
• Assist in the production of the Monthly Job Cost Report, achieving completion within 15 days from the end of the month.
• Monitor and review accounts to ensure timely and efficient invoicing.
• Review submitted client invoices and analyze variances from realistic values by producing Over/Under Invoicing calculations within 3 days from the end of the month.
• Provide accurate calculations for budget transfers, aiming for no more than 10% correction at the final approval stage.

Safety and Quality Assurance

• Observe all relevant safety, quality, health, and environmental procedures to ensure a healthy and safe work environment.
• Receive no more than 1 non-conformance per month across all projects related to Quality Assurance (QA) or Health, Safety, and Environment (HSE).
• Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies.

Qualifications and Experience

• 0-1 year of experience in a relevant field.
• Ability to manage cost control on site and ensure all works are completed within budget.
• Proficiency in monitoring daily operations assigned for cost control to ensure compliance with established standards and procedures.

Work Type

This is a full-time position.