Cost Control Engineer

The Cost Control Engineer at Nawy Real Estate is responsible for monitoring and managing project costs, ensuring that the financial objectives of construction projects are met. This role involves developing cost control procedures, analyzing project budgets, and providing cost forecasting to support decision-making.Key Responsibilities:Develop and implement cost control strategies and procedures to monitor project expenses effectivelyPrepare and maintain project budgets, cost estimates, and forecasts throughout the project lifecycleTrack and analyze project expenditures to ensure compliance with budgetary limitsConduct regular reviews of project costs and provide variance reports to project managersCollaborate with project teams to identify cost-saving opportunities and financial risksAssist in the preparation of progress billing and assist in invoice verification for suppliers and contractorsProvide technical support in developing financial reports, including cash flow forecastsParticipate in project meetings to provide updates on cost performance and financial forecastingEnsure that all financial reporting and analysis is compliant with the company's accounting policiesFacilitate communication between the finance department and project teams to ensure transparency in financial mattersRequirementsBachelor's degree in Civil Engineering, Construction Management, or a related field3+ years of experience in cost engineering or cost control in the construction industryStrong understanding of budgeting, forecasting, and financial analysisProficient in cost management software and Microsoft Office SuiteExcellent analytical and problem-solving skillsStrong communication and interpersonal skills, with the ability to work collaboratively in a team environmentAttention to detail and ability to work under pressure to meet deadlinesKnowledge of construction contracts and risk management is a plus