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Job Type
Full-time
Work Mode
In-office
Industry
Oil & Gas
Role
Accounts
Experience
8 - 10 years
Education
Not specified
Salary
Not disclosed
Location
Dammam
Apply Before
June 7, 2025
Skills
Cost Analysis
Financial Planning Analyst
Job Description
Job Title: Project Cost Controller
Location:Dammam, Saudi Arabia
Qualifications:
- Education:CWA/CMA
- Experience: Minimum 8 years in the EPC industry
Key Responsibilities:
Cost Analysis & Control:
- Monitor and analyze project costs for large EPC projects, ensuring they align with budgets.
- Track costs across all project phases (engineering, procurement, construction) and prepare variance reports.
- Validate petty cash, supplier expenses, and credit facilities.
Progress Monitoring & Reporting:
- Collaborate with teams to track project progress and update completion percentages (IFRS 15).
- Provide regular reports on cost performance, margins, and cash flow.
Contract & Cost Compliance:
- Ensure financial compliance with contract terms and regulations.
- Validate costs against contracts and identify potential savings or overruns.
- Conduct audits to allocate costs correctly across projects.
Inventory & Procurement Cost Management:
- Work with procurement to control material and service costs.
- Minimize waste and ensure proper valuation of inventory used in projects.
Risk Management & Cost Optimization:
- Identify cost-related risks (e.g., delays, scope changes) and propose cost-saving strategies.
- Recommend improvements in efficiency, manpower, and material management.
Fixed Assets Management:
- Monitor and track assets (machinery, equipment) at the project site.
- Oversee asset capitalization, depreciation, and audits for accuracy.
Financial Reporting & Forecasting:
- Prepare regular financial reports, analyze expenses, and forecast project costs.
- Generate monthly and quarterly reports for the project team and management.
Required Skills:
- Strong knowledge of IFRS standards (especially IFRS 15, 9, 16, and IAS 16)
- Understanding of EPC project lifecycle and cost management
- Proficient in project management and accounting software (e.g., SAP, Oracle)
- Excellent analytical, communication, and reporting skills
Location:Dammam, Saudi Arabia
Qualifications:
- Education:CWA/CMA
- Experience: Minimum 8 years in the EPC industry
Key Responsibilities:
Cost Analysis & Control:
- Monitor and analyze project costs for large EPC projects, ensuring they align with budgets.
- Track costs across all project phases (engineering, procurement, construction) and prepare variance reports.
- Validate petty cash, supplier expenses, and credit facilities.
Progress Monitoring & Reporting:
- Collaborate with teams to track project progress and update completion percentages (IFRS 15).
- Provide regular reports on cost performance, margins, and cash flow.
Contract & Cost Compliance:
- Ensure financial compliance with contract terms and regulations.
- Validate costs against contracts and identify potential savings or overruns.
- Conduct audits to allocate costs correctly across projects.
Inventory & Procurement Cost Management:
- Work with procurement to control material and service costs.
- Minimize waste and ensure proper valuation of inventory used in projects.
Risk Management & Cost Optimization:
- Identify cost-related risks (e.g., delays, scope changes) and propose cost-saving strategies.
- Recommend improvements in efficiency, manpower, and material management.
Fixed Assets Management:
- Monitor and track assets (machinery, equipment) at the project site.
- Oversee asset capitalization, depreciation, and audits for accuracy.
Financial Reporting & Forecasting:
- Prepare regular financial reports, analyze expenses, and forecast project costs.
- Generate monthly and quarterly reports for the project team and management.
Required Skills:
- Strong knowledge of IFRS standards (especially IFRS 15, 9, 16, and IAS 16)
- Understanding of EPC project lifecycle and cost management
- Proficient in project management and accounting software (e.g., SAP, Oracle)
- Excellent analytical, communication, and reporting skills
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