Cost Control Engineer

Job purpose

Monitor, analyze, and control project costs throughout the project lifecycle to ensure delivery within approved budgets. Provide accurate cost forecasting, financial reporting, and variance analysis, while supporting project management in making informed decisions. Coordinate with project, procurement, contracts, QS, and finance teams to optimize cost performance, manage risks, and maintain effective budget control.

Functional responsibilities

Budget control & cost monitoring

Prepare, maintain, and update project cost control sheets, cost codes, and budget tracking registers.

Monitor commitments, actual costs, accruals, and forecasted costs against the approved project budget.

Identify cost variances, analyze root causes, and recommend corrective actions to project management.

Forecasting & reporting

Prepare periodic cost reports, cash-flow updates, cost-to-complete forecasts, and estimate-at-completion dashboards.

Support monthly project performance reviews by presenting budget status, risks, savings opportunities, and cost trends.

Coordinate with planning teams to align cost forecasts with the project schedule and progress data.

Subcontracts, procurement & payments

Track subcontractor and supplier commitments, invoices, payment certificates, and change impacts.

Coordinate with procurement, contracts, QS, and finance teams to verify cost allocation and payment status.

Support evaluation of variation orders, claims, and cost impacts before approval.

General responsibilities

HR proficiency:

Ability to obtain updated soft and technical skills related to the job.

To have a vision and a plan for the career path and how to achieve it.

Delivery:

Perform the planned activities to meet the operational and development targets as per delivery schedules.

Utilize resources effectively to achieve objectives within efficient cost and time.

Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-solving:

Solve any related problems that arise and escalate any complex operational issues.

Quality:

Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business process improvements:

Coordinate well-defined written systems, policies, procedures, and seek automation opportunities as much as possible.

Compliance:

Comply with related policies, procedures, and work instructions.

Health, safety, and environment:

Ensure compliance with relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Qualification

Bachelor in Civil Engineering or any relevant field

Experience

4 to 6 years 2 to 5 years

Skills

Cost estimating

Cost control

Cost variance analysis

Risk management