Senior Cost Control Engineer

The General purpose of the job: Responsible for developing and maintaining comprehensive cost databases, monitoring project budgets and cash flows, and supporting strategic decision-making through accurate and timely cost analysis. The role ensures that project and portfolio financial performance is controlled, transparent, and fully aligned with PMO guidelines and organizational objectivesResponsibilities and Duties:Develop, maintain, and update cost databases, benchmarks, and historical cost records.Establish cost control systems, procedures, and tools in alignment with PMO guidelines.Prepare and track project budgets, ensuring alignment with approved business cases and funding limits.Monitor cost performance versus budget, identifying variances and ensuring corrective actions are implemented.Prepare project and portfolio cash flow forecasts, ensuring accuracy and timely reporting.Track actual expenditures, commitments, and accruals; reconcile with finance and accounting teams and provide early warning on potential budget overruns or financial risks.Conduct cost variance analysis, trend analysis, and performance evaluations.Provide cost-based insights and recommendations for decision-making and risk mitigationEnsure adherence to PMO guidelines, cost control procedures, and financial governance standards.Support audits and compliance reviews by providing accurate cost data and documentation.Participate in project reviews, budget approvals, and change control processes.Prepare and update project cash flow forecasts and monitor actual cash flow against projections.Coordinate with finance for funding requirements and payment schedules.Qualifications:Bachelor’s degree in engineering (Civil / Mechanical / Electrical or related field).7–10 years of experience in cost control within construction or real estate development.Strong knowledge of budgeting, forecasting, and financial reporting.Proficiency in Excel, ERP systems, and cost control software.PMP or equivalent certification is an advantage.Strong analytical and financial acumenHigh attention to detailStrategic thinkingEffective communication and reporting skillsProblem-solving and risk assessment