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Cost Controller

Listing for: Tornado Group
Full Time position Listed on 2026-11-05
Job specializations:
  • Accounting
    Financial Analyst, Cost Accountant, Financial Reporting
  • Finance & Banking
    Financial Analyst, Financial Reporting
Salary/Wage Range or Industry Benchmark: 180000 - 260000 AED Yearly AED 180000.00 260000.00 YEAR

Job Description & How to Apply Below

Job description
  • 1. Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to all team members
  • 2. Establish a project coding structure in accordance with the Group guidelines.
  • 3. Assist/liaise with Project Planner for maintenance of project WBS and NWA structures
  • 4. Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals
  • 5. Responsible for the overall coordination of changes to the forecast based on inputs from Client, project management and other project team members as applicable
  • 6. Perform monthly closing adjustment in accounts: determine and post cost accruals and unbilled revenue, calculate and post revenue adjustments when its recognition is based upon cost progress
  • 7. Ensure in-depth analysis and reporting of variances on a monthly basis
  • 8. Prepare/compile cost and financial input to the PMSR (Project Monthly Status Report)
  • 9. Provide accurate project long term cash flow forecast on a monthly basis
  • 10. Perform economic analysis, deviations, probability, and support project management on any accounting issues and reporting related to the project
  • 11. Monitoring budgets to ensure that spending does not exceed approved levels
  • 12. Collecting cost data from suppliers or subcontractors to track material costs
  • 13. Preparing bid estimates for new projects or bids on existing projects
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