Cost Control Engineer

Main Purpose:

To monitor, analyze, and control project costs through accurate budgeting, reporting, and forecasting while ensuring financial compliance and supporting effective decision-making.

Job Responsibilities:

• Review project cost baseline with Procurement and Estimation teams.

• Track actual project costs vs budget and highlight deviations.

• Prepare cost reports (weekly/monthly), variance analysis, CPI, and EAC forecasts.

• Identify cost trends, risks, and recommend corrective actions.

• Review and validate purchase requisitions, invoices, and material requests.

• Ensure no expenditure without approvals and alignment with baseline.

• Evaluate financial impact of change orders and variations.

• Update forecasts based on approved changes.

• Monitor project cash flow and ensure financial alignment.

• Maintain cost control systems and allocation of expenses.

• Track petty cash and indirect costs in ERP system.

• Review down payments for subcontractors and suppliers.

Job Requirements:

• 4-7 years' experience in cost control (construction/EPC/real estate).

• Ability to manage project budgets, analyze financial data, and support cost reporting.

• Strong knowledge of cost control processes, WBS, and cost coding structures.

• Familiarity with ERP systems (Oracle, SAP, etc.).

• Proficiency in MS Office (Excel, Word, PowerPoint).

• Solid understanding of Earned Value Management (EVM).

• Professional certification (CCP, PMP) is a plus.