Cost Control Engineer

Job Summary The Cost Control Engineer coordinates in all aspects of the cost capturing monitoring and forecasting effort for their assigned project with proper documentation Ensures in delivering the complete suite of costcontrol services and financial support for projects This position maintains the project cost information and with the Project Controls Lead shall oversee variations and revisions to existing budgets Job Responsibilities 1 Monitor control and report on projects in terms of cost history and forecastMaintain planned and actual cost and commitment schedules Maintain internal labor and project costs to allocated budget Create Budget Transfer Requests as directed by the project teamsImplement approved departmental policies and procedures and ensures adherence with the processes implemented so that work is carried out in a controlled manner Receive no more than 5 noncompliances per month and ensure there resolution 100 within 10 daysManage cost control on site and be able to complete and confirm all works within budget Monitor daily operations assigned for the cost control to ensure compliance with the established standardsand procedures Process and Approve MR PO S C Agreement PC SRV SIV within 10 Working Hrs of their creation Develops cost structures for all activities ensuring the agreement with the allocated budgets plans andaccurately assigning costs to designated items to provide better means for controlling daytoday activities Daily verifications of the cost allocation of transaction to cost codes and reallocating as needed within 10working Hrs of the entry time Visits the Sites at least once weekly to verify the progress measurementsUploads the verified BCWP into the ERP System no later than 1 days after the Cut of DateMaintains internal labor and project costs to allocated budget and flag deviations to project management Be able to reflect the workforce Productivity report and Manhour trends and include in MJCRPerform cost analysis and advises management on cost overruns Work with computerized databases tomanage deviations and minimize costs Produce the Weekly Job Cost Report within 3 Days from the end of the week Job Responsibilities 2 Assist in the Production of the Monthly Job Cost Report and achieve it within 15 days from the end of the Monitor and review accounts to ensure timely invoicing is done in an efficient manner Review submitted client invoices and studies the variance from realistic values by producing Over Under Invoicing calculations within 3 days from the end of the month Observe with all relevant safety quality health and environmental procedures to ensure a healthy and safe work environment Receive no more than 1 nacres per month across all projects related to QA or HSE Create Budget Transfer Requests as directed by the project teams and provide feedback on alternative methods of construction Provide accurate calculations of budget transfer and achieve no more than 10 correction at final approval stage