Position: Senior Cost Control Engineer
Company Overview:
Alkarmadevelopments is a leading real estate development company, committed to creating sustainable and innovative projects that enhance the quality of life for our clients. We specialize in the development of residential, commercial, and mixed-use properties, and have a strong presence in the market with a portfolio of successful projects.
Job Overview:
We are seeking a highly experienced Senior Cost Control Engineer to join our team on a full-time, permanent basis. The successful candidate will be responsible for overseeing and managing all aspects of cost control for our ongoing and upcoming projects. The Senior Cost Control Engineer will play a crucial role in ensuring the financial success of our projects by closely monitoring and managing project costs and providing accurate and timely cost reports to the management team.
Key Responsibilities:
- Develop and implement cost control procedures and policies for all projects
- Monitor project budgets and track expenses to ensure adherence to approved budgets
- Review and analyze cost estimates, contracts, and change orders to identify potential cost savings or discrepancies
- Collaborate with project managers and other team members to ensure accurate cost forecasting and reporting
- Conduct regular cost reviews and audits to identify areas for improvement and cost-saving opportunities
- Prepare and present detailed cost reports to management, highlighting any potential risks or issues
- Provide guidance and support to project teams on cost control best practices
- Coordinate with procurement and accounting departments to ensure accurate and timely processing of invoices and payments
- Participate in project planning and scheduling meetings to provide cost-related input and advice
- Maintain accurate and up-to-date records of all project costs and expenses
- Keep up-to-date with industry trends and best practices in cost control to continuously improve processes and procedures
Qualifications:
- Bachelor's degree in Engineering, Construction Management, or a related field
- Minimum of 5 years of experience in cost control, preferably in the real estate or construction industry
- Strong understanding of project budgeting, forecasting, and cost tracking
- Excellent analytical and problem-solving skills
- Advanced knowledge of MS Excel and other cost control software/tools
- Experience in project management and scheduling is a plus
- Excellent communication and interpersonal skills
- Ability to work well under pressure and meet tight deadlines
- Proven track record of successfully managing and controlling project costs
- Knowledge of local laws and regulations related to cost control in the real estate industry is preferred
