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Senior Cost Control Engineer

Job in Kuwait City, Kuwait
Listing for: confidential
Full Time position
Listed on 2026-07-16
Job specializations:
  • Finance & Banking
    Financial Analyst
  • Accounting
    Financial Analyst, Cost Accountant
Salary/Wage Range or Industry Benchmark: 10044 - 16740 KWD Yearly KWD 10044.00 16740.00 YEAR
Job Description & How to Apply Below

Collaboration & Coordination

  • Define cost control execution strategy, develop & implement cost controls processes, practices and work instructions
  • Define project structure, develop & maintain the project work breakdown structure (WBS) and cost breakdown structure (CBS)
  • Drive process improvements
    - Lead initiatives to improve cost control processes, enhancing project efficiency and predictability
  • Risk Mitigation
    - Develop proactive strategies to identify and mitigate cost-related risks across all project phases
  • Stakeholder Relations
    - Build strong relationships with key stakeholders, providing strategic insights to support informed decision-making
  • Lead initiatives to improve cost control processes, enhancing project efficiency,
  • Lead cross-functional meetings to communicate cost status and potential risks to key stakeholders
Cost Control & Reporting
  • Work with the estimate team to cascade the estimate into the control budget
  • Develop a control account system
  • Support PO generation and update process, Track actual cost, Review and coordinate invoices & approval and Develop & update cost reporting
  • Date Driven Decision making
    - Analyze project cost reports to support strategic planning and improve decision-making processes
  • Trend
    - Performance analysis
    - Conduct trend analysis on cost performance metrics to identify patterns and anticipate potential issues
  • KIP development
    - Establish, oversee, maintain and provide analysis on cost controls reporting, including earned value management EVM, dashboards and key performance indicators (KPI)
  • continuously monitor cost against the forecast, identifying variances and potential budget overruns
Checks & Balances
  • Audit - compliance
    - Conduct regular audits of data & reports and invoices to maintain compliance with contracts and improve accountability
  • Lead cost review and change management meetings and secure approvals for major changes as needed and directed by management
  • Variance analysis
    - Track progress against baseline, analyze deviations
Skills
  • Effective Communication:
    Facilitate timely communication of cost reports, risk to the project stakeholders
  • Cross Functional

    Collaboration:

    Foster strong partnerships with project managers to ensure alignment
  • Stakeholder Coordination
    - Serve as the primary point of contact for budget and cost-related discussions
  • Reporting & Presentations:
    Develop and deliver detailed reports on cost performance for the entire project
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Position Requirements
10+ Years work experience
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