Profile Middle East is a service provider with more than 20 years of experience in the market which specializes in Technical Field and HR Consultancy Services in the Industrial Sector (Oil & Gas, Engineering, Construction, Commissioning) with our focus on the Middle East region and a worldwide presence.

For our own projects, we are looking for: COST CONTROLLER

Ref code: CR_2404-153_Cost Controller

Job summary

MISSION:

  • Organizing, monitoring and controlling project costs and will define project needs for cost control in accordance with contractual requirements, objectives, and Company procedures;
  • Ensuring that all project commitments are accurately reported and will maintain updated final project forecasts and expenditure forecasts.

TASKS:

  • Collaborating with project managers to develop detailed project budgets, including estimates for labor, materials, equipment, and other expenses;
  • Allocating and monitoring budgets for various project phases and activities;
  • Implementing robust cost tracking systems to monitor project expenditures against established budgets;
  • Conducting regular cost analysis and variance assessments, identifying areas of overspending or potential cost-saving opportunities;
  • Generating accurate and timely cost forecasts, providing reliable projections of project expenses and potential deviations from budgeted figures;
  • Preparing comprehensive cost reports for project managers, highlighting key financial metrics and trends;
  • Evaluating and processing change orders, assessing their impact on project costs and schedules;
  • Ensuring that change orders are documented, approved, and incorporated into the overall project budget;
  • Identifying potential cost risks and uncertainties that may impact project budgets;
  • Developing and implementing strategies to mitigate cost-related risks and maintaining financial stability;
  • Collaborating with procurement teams to negotiate and manage contracts with vendors, subcontractors, and service providers;
  • Monitoring vendor performance and compliance with contractual cost agreements;
  • Working closely with project teams to identify opportunities for cost optimization without compromising project quality or performance;
  • Implementing cost-effective solutions and strategies to enhance project profitability;
  • Ensuring compliance with industry regulations, financial reporting standards, and contractual obligations related to cost control;
  • Preparing and submitting financial reports as required by regulatory authorities and project stakeholders.

EDUCATION & EXPERIENCE:

  • Bachelor’s degree in Engineering;
  • 6+ years of experience dealing with EPC Oil & Gas projects;
  • Fluent level of written and spoken Romanian and English.

OTHER DETAILS:

  • Job Location: Bucharest, Romania;
  • Contract Duration: 1 year;
  • Starting date: May 2024.

Profile Middle East upholds workplace equality and diversity, assessing candidates solely on merit and potential.

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