Cost Control Engineer

Job description

This role is responsible for implementing and managing cost control strategies to ensure effective financial management and project profitability. Key duties include monitoring and analyzing financial data, preparing reports and budget forecasts, coordinating with project managers to track costs, reviewing and approving expenses, conducting audits, and identifying cost-saving opportunities. The position also involves training and mentoring cost control staff, supporting the finance team, collaborating on efficiency initiatives, staying updated on industry best practices, and ensuring compliance with Hill International’s quality, safety, and environmental policies, along with other assigned tasks.

Key responsibilities

Develop and implement cost control strategies and procedures to ensure effective financial management

Monitor and analyze financial data to identify cost-saving opportunities and improve profitability

Prepare and present financial reports, budget forecasts, and variance analysis to senior management

Coordinate with project managers and department heads to track and control project costs

Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits

Conduct regular audits of financial records and procedures to identify and resolve discrepancies

Train and mentor cost control staff to ensure their understanding of cost control processes and procedures

Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency

Stay updated on industry trends, regulations, and best practices in cost control and financial analysis

Provide guidance and support to the finance team on cost control matters

Inform themselves of the relevant quality, environmental, safety, and occupational health policies, manuals, and procedures in place within Hill International, and ensure continued compliance with these requirements while employed by Hill

Perform other duties as assigned by the line manager or supervisor

Qualifications and experience

Bachelor/Master degree in accounting or engineering from an accredited university

Minimum 10 years’ experience in related field on national or international major initiatives and developments

Extensive knowledge and experience in project cost management

Extensive experience in managing and prioritizing project costs

Ability to present budgeting plans and requirements to senior management and other government authorities

Ability to negotiate with multiple stakeholders to secure costs for projects

Fluent communication skills in Arabic and English

Excellent verbal and written communication skills