Project Cost Controller

 Project Cost Controller (Reports to Group Financial Controller):

·       Job Description: 

Monitors and controls project costs, ensuring efficient project execution within budget, reports on the progress. 

·       Responsibilities:

o   Works collaboratively with Head of Projects, Head of Operations, Project Managers during the Budgeting Process for each Project, and Any Variation Orders to produce the Budget for approval.

o   Monitors Project Expenditures against the Approved Budget and Identifies and Reports Variances.

o  Checks that time is properly accounted for in projects.

o  Produces the Percentage of Completion Sheets for all the projects of each company and discusses them with the Projects and Operations Department then reports them to the Accounting on a monthly basis to account for it.

o   Analyzes Cost Variances and Provides Insights for Corrective Actions.

o   Prepares with the Projects Department and Operations Department the Project Cost Reports and Monthly Forecasts (Income, Cost, and Cash Flow).

o   Participates in Project Reviews and Provides Financial Updates to Project Stakeholders.

o  Records the minutes of the cost control and the PMO meetings.

o   Ensures Adherence to Cost Control Procedures for all Projects.

o   Reports to Group Financial Controller on How Project Managers and the Operations Department has Achieved its KPIs.

o  Monitors the suppliers costs in relation with the P.O. issued and received invoices.

o  Helps in the Monthly and Quarterly closings and production of reports. 

·       Authorities: Approves project budget and amendments within set limits and flags (and significant cost deviations requiring management intervention) to be sent for final Approval by the Group Financial Controller.