Cost Control Manager

About the role

The Cost Control Manager is responsible for safeguarding the financial health of projects by establishing, monitoring, and managing budgets. This role ensures accurate cost forecasting, tracks expenditures, and implements corrective actions to keep projects on budget while supporting overall organizational financial objectives.

Key responsibilities

• Develop detailed project and departmental budgets aligned with corporate financial goals.
• Prepare precise cost estimates that incorporate all potential expenses and risks.
• Continuously monitor project expenditures, comparing actual costs against budgeted amounts.
• Analyze cost variances, identify root causes, and recommend corrective measures.
• Generate comprehensive financial reports for senior management and stakeholders.
• Implement and maintain robust cost control systems and procedures.
• Identify financial risks and devise mitigation strategies to avoid cost overruns.
• Review and manage contracts to ensure compliance with financial terms.
• Collaborate with project managers, finance teams, and other stakeholders on financial matters.
• Support HSE initiatives and contribute to safety awareness activities.

Required profile

• Minimum 8 years of relevant experience, including at least 5 years in a supervisory capacity.
• Bachelor’s degree in Finance, Accounting, Economics, Public Administration, Business Administration or a related field; Master’s degree is a plus.
• Strong analytical ability to interpret financial data and provide actionable insights.
• Knowledge of risk assessment, mitigation strategies, and contract management.
• Excellent communication and leadership skills.

Required skills

• SAP (ERP) functional knowledge.