Job Description
KEY RESPONSIBILITIES
- Develop, implement and maintain project cost control systems, procedures and reporting frameworks.
- Prepare project budgets, cost estimates, cash flow forecasts and cost baselines.
- Monitor actual project expenditure against approved budgets and identify cost variances.
- Analyse project commitments, actual costs, accruals and forecast costs to completion.
- Prepare regular cost reports, management dashboards and financial performance updates.
- Conduct cost variance analysis and recommend corrective actions to minimise cost overruns.
- Monitor project changes, variations and their financial implications.
- Work closely with Project Managers, Planning Engineers, Procurement, Finance and Contracts teams to ensure effective cost management.
- Review subcontractor, vendor and supplier cost submissions in line with approved project budgets.
- Support project forecasting, cost reconciliation and financial close-out activities.
- Identify potential financial risks and provide early warnings to project management.
- Ensure compliance with project cost control procedures, contractual requirements and company policies.
QUALIFICATIONS & EXPERIENCE
- Bachelor's degree in Accounting, Finance, Economics, Engineering or a related discipline.
- Professional certification such as ICAN, ACCA, CIMA or equivalent will be an added advantage.
- Minimum of 7–10 years' relevant experience in project cost control, preferably within an EPC, Oil & Gas, Engineering or Construction environment.
- Proven experience in project budgeting, cost forecasting, variance analysis and financial reporting.
- Demonstrable experience managing project costs across multiple work packages or projects.
- Good understanding of project management principles, contract administration and cost control methodologies.
REQUIRED SKILLS & COMPETENCIES
- Strong analytical, numerical and financial management skills.
- Proficiency in Microsoft Excel and project cost management tools.
- Knowledge of ERP systems and project management software.
- Strong understanding of project budgeting, cost forecasting and financial controls.
- Excellent communication, reporting and stakeholder management skills.
- Strong attention to detail and problem-solving ability.
- Ability to work under pressure and meet demanding project deadlines.
- High level of integrity, accountability and professional judgment.