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Senior Cost Control Engineer
Job in
Kuwait City, Kuwait
Listed on 2026-07-16
Listing for:
confidential
Full Time
position Listed on 2026-07-16
Job specializations:
-
Finance & Banking
Financial Analyst -
Accounting
Financial Analyst, Cost Accountant
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
- 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
- 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
- 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
Position Requirements
10+ Years
work experience
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