Job Description

JOB DETAILS

Job Title: Cost Control Excellence Section Head

Sector/Business Line: Elsewedy Electric E&C.

Department: PMO

Key Accountabilities:

• Sector Governance: Support the Sector PMO Director in formulating sector-wide goals, objectives, policies, and procedures related to portfolio cost management, ensuring alignment with corporate strategies.

•Cross-BU Coordination: Collaborate with Business Units to review cost control workflows, identify application challenges, and provide recommendations for process enhancement and efficiency improvement.

• Awareness & Capability Building: Lead awareness sessions and training initiatives on updated cost control procedures, workflows, and reporting standards to ensure full adoption across all BUs.

• Performance Management: Evaluate team performance, identify skill gaps, and implement targeted development programs to strengthen cost control capabilities.

• Portfolio Oversight: Monitor cost performance across all BU project portfolios, highlighting key variances, overruns, and financial risks, and propose effective corrective actions.

• Data Validation & Consolidation: Oversee validation, accuracy, and consolidation of periodic cost reports received from BUs, ensuring consistent and reliable sector-level financial reporting.

• Variance & Profitability Analysis: Review and verify budget variances, cost overruns, and earned value metrics; analyze forecasts, invoicing schedules, and cash flow projections to maintain project profitability and healthy liquidity.

• Financial Planning: Consolidate and review project cash flows and financial plans, ensuring alignment with sector-level budget and capital allocation frameworks.

• Risk Management: Engage proactively with BU teams and external stakeholders to identify high-risk projects and propose risk mitigation strategies to safeguard financial performance.

• Compliance & Quality Assurance: Ensure all BU project portfolios comply with corporate cost control standards, financial processes, and quality benchmarks while meeting client and industry expectations.

• Executive Reporting: Support standardization of executive cost reports and presentations, ensuring clear, data-driven insights for senior management and decision-makers.

• Progress & Alerts: Provide regular portfolio performance updates to the Sector PMO and stakeholders, flagging potential financial deviations early and recommending preventive actions.

• Project Health Checks: Conduct periodic financial health checks on major projects to confirm adherence to approved budgets, forecast accuracy, and profitability targets.

Qualification & Education:

- Years of experience: 10-12 years

- Academic Qualifications: BSc. Engineering (Construction Management, Civil/Mech./Electrical/Arch)

- Professional Certificates: PMP, CCP

- Language proficiency: Intermediate in English

- Computer skills: MS Office (Word, power point, Excel Advanced Level, Teams), POWER BI

ERP