We are seeking a detail-oriented and analytical Cost Controller to join our team in Dubai, United Arab Emirates. As a Cost Controller, you will be reporting to the Portfolio Performance Controller and play a crucial role in supporting the financial management and cost control processes of our projects. You will work collaboratively with project managers, finance teams, and other stakeholders to ensure projects are completed within approved budgets while maintaining financial health throughout the project lifecycle.
- Review and control project budgets in collaboration with project managers and your line manager, ensuring alignment with project objectives and financial constraints.
- Participate to regular variance analysis to compare actual costs against planned costs, investigating reasons for variances and implementing corrective measures.
- Support the review and analysis of earned value metrics to support project forecasting, variance analysis, and reporting to project stakeholders.
- Participate to the project cash flow, ensuring costs are aligned with project milestones and payments to vendors and subcontractors are made according to contract terms.
- Support the analysis of financial statements to identify potential improvements and develop strategies to optimize cost-effectiveness against approved budgets.
- Assist in the preparation of annual budgets.
- Collaborate with project managers to identify cost-saving opportunities and recommend measures to reduce expenses.
- Perform cost-benefit analysis on prospective projects and provide associated metrics to support the decision makers.
- Support the preparation of comprehensive financial reports to management to aid decision-making processes.