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novabykornferry

Sr. Cost Control Engineer

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The Senior Cost Control Engineer is responsible for overseeing and managing the cost control function across major construction projects. With 12–15 years of extensive experience in the contracting industry, the ideal candidate brings strong analytical skills, deep understanding of project cost structures, and the ability to implement effective cost management strategies. This role ensures accurate cost tracking, forecasting, and reporting to support project profitability and organizational financial goals.

Key Responisibilities

1. Cost Planning & Budget Development

  • Prepare detailed project budgets, baseline cost plans, and cost breakdown structures (CBS).

  • Review tender estimates and align project budgets with awarded contract values.

  • Develop cost control procedures, templates, and reporting formats for project teams.

  • Establish cost codes and ensure proper allocation of costs across project activities.

2. Cost Monitoring & Control

  • Track and monitor project expenditures, commitments, and cost-to-complete values.

  • Analyze variances between actual costs, budgeted costs, and forecasted values.

  • Identify cost overruns, inefficiencies, and financial risks, and recommend corrective actions.

  • Monitor productivity rates, resource usage, and material consumption to ensure cost efficiency.

  • Coordinate with procurement, planning, and site teams to validate cost data.

3. Forecasting & Financial Reporting

  • Prepare monthly cost reports, dashboards, and financial summaries for management review.

  • Update cost-to-complete forecasts and cash flow projections.

  • Conduct trend analysis and scenario modeling to support decision-making.

  • Ensure accurate reporting of WIP (Work in Progress) and earned value metrics.

4. Change Management & Claims Support

  • Evaluate cost impacts of variations, change orders, and design modifications.

  • Prepare cost impact assessments and support commercial teams in pricing variations.

  • Coordinate with planning and QS teams to prepare claims and EOT justifications.

  • Maintain detailed records of changes, approvals, and cost adjustments.

5. Subcontractor & Supplier Cost Oversight

  • Review subcontractor and supplier cost proposals for accuracy and compliance.

  • Monitor subcontractor cost performance and validate payment applications.

  • Ensure alignment between subcontractor budgets and project cost plans.

  • Support procurement teams with cost benchmarking and market price analysis.

6. Systems, Processes & Continuous Improvement

  • Utilize ERP and cost management software to maintain accurate cost data.

  • Improve cost control processes, reporting tools, and data accuracy.

  • Train and mentor junior cost engineers and project staff.

  • Support internal and external audits by providing required cost documentation.

7. Coordination & Stakeholder Communication

  • Work closely with project managers, planners, QS teams, and finance departments.

  • Participate in project review meetings and present cost performance updates.

  • Communicate cost risks, opportunities, and recommendations to senior management.

  • Ensure transparency and accuracy in all cost-related communications.

Education

  • Bachelor’s degree in Civil Engineering, Quantity Surveying, Project Management, or related field.

  • Professional certifications such as CCP (Certified Cost Professional), PMP, or RICS are an advantage.

Experience

  • 12–15 years of experience in cost control within a contracting or construction company.

  • Strong background in large-scale civil, infrastructure, or MEP projects.

  • Proven experience in budgeting, forecasting, cost reporting, and financial analysis.

  • Hands-on experience with ERP systems and cost control software (e.g., Primavera, SAP, Oracle).

Skills & Competencies

  • Advanced knowledge of cost control principles, project accounting, and financial analysis.

  • Strong analytical and numerical skills with high attention to detail.

  • Proficiency in MS Excel, ERP systems, and project control tools.

  • Excellent communication, coordination, and presentation skills.

  • Ability to work under pressure and manage multiple priorities.

  • Strong problem-solving skills and strategic thinking.

  • High level of integrity, accuracy, and professionalism.

Nova International General Contracting is an equal opportunity employer. We are committed to fostering a diverse and inclusive workplace where all employees are treated fairly and with respect. Employment decisions are made based on qualifications, experience, and business requirements, without unlawful discrimination, and in accordance with applicable UAE labor and employment laws. All hiring and employment is subject to compliance with UAE regulatory requirements, including those relating to work permits and residency visas, where applicable.