Requirements
The Lead Cost Control Engineer - Utilities requires a Bachelor's degree in Engineering or a related field, with 7-9 years of relevant experience in utilities, O&M, or facility management businesses. A minimum of 3 years in a supervisory or team-lead position is necessary, along with strong experience in budgeting, cost monitoring, forecasting, variance analysis, project profitability, ERP systems, and advanced Microsoft Excel. Power BI experience is a plus.
Description
Job PurposeThe Cost Control Team Leader is responsible for managing project budgets, monitoring actual and committed costs, analyzing cost variances, and forecasting project financial performance across the company's projects.The role ensures effective cost control, accurate profitability reporting, and early identification of potential cost overruns to support management decision-making.Key ResponsibilitiesPrepare and maintain project budgets and cost baselines in coordination with other departments.Monitor actual and committed costs against approved budgets and investigate significant variances.Prepare monthly cost reports, including budget versus actual, commitments, accruals, cost-to-complete, and forecast at completion.Monitor project revenue, gross margin, profitability, and cash-flow performance.Track major cost categories, including manpower, subcontractors, materials, spare parts, consumables, vehicles, fuel, tools, and project overheads.Review purchase requisitions, purchase orders, subcontractor payments, and other commitments against approved budgets.Ensure proper allocation of direct and indirect costs across projects and cost centers.Identify potential cost overruns and financial risks and recommend appropriate corrective actions.Reconcile cost-control reports with Finance records and investigate any discrepancies.Support the preparation of project forecasts, annual budgets, contract renewals, variation orders, and commercial evaluations.Compare actual project performance against tender assumptions and provide cost feedback for future pricing.Prepare periodic management dashboards covering cost performance, profitability, variances, and financial risks.Lead and develop the Cost Control team and establish effective reporting procedures and controls.Qualifications & ExperienceBachelor's degree in Engineering, or a related field.Minimum 7–9 years of relevant experience, preferably within utilities, O&M, or facility management businesses.Minimum 3 years in a supervisory or team-lead position.Strong experience in budgeting, cost monitoring, forecasting, variance analysis, and project profitability.Strong knowledge of ERP systems and advanced Microsoft Excel.Power BI experience is considered an advantage.If interested, please send your updated resume in a PDF format to: [HIDDEN TEXT] mentioning the job title in the e-mail subject.