Cost Control Engineer-UAE National
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The Cost Control Engineer supports the project team throughout all phases of project delivery by managing project budgeting, cost monitoring, forecasting, and financial reporting activities. The role plays a key part in ensuring projects are executed within approved cost baselines, while supporting effective cost control, variance analysis, and financial performance aligned with project scope and schedule.
Key Responsibilities:
Cost Control & Financial Management
• Development and maintenance of project cost budgets and forecasts
• Cost tracking, expenditure monitoring, and variance analysis
• Preparation of cost reports, cash flow forecasts, and financial dashboards
• Support to change management, including evaluation of cost impacts
• Understanding of earned value management (EVM) principles
• Cost risk identification and mitigation
Analytical & Technical Skills
• Strong numerical and analytical skills with high attention to detail
• Ability to interpret financial data and identify cost trends
• Accurate data validation and reconciliation
• Advanced Excel and data analysis capability
Planning & Coordination
• Close coordination with project controls, planning, procurement, and construction teams
• Support to project managers in cost-related decision making
• Timely collection and consolidation of cost data from multiple stakeholders
• Interface with finance teams for invoicing, accruals, and cost actuals
Communication & Reporting
• Clear and concise reporting of cost performance to project and management teams
• Ability to explain cost variances and forecasts to non-financial stakeholders
• Strong written and verbal communication skills
Professional Attributes
• High level of integrity, accountability, and ownership
• Ability to manage priorities and meet reporting deadlines
• Proactive, detail-oriented, and results-driven approach
• Adaptable to fast-paced, multi-project environments
Requirements
- •Manage project budgeting
- •Cost monitoring
- •Forecasting
- •Financial reporting
- •Cost control
- •Variance analysis
- •Advanced Excel
- •Data analysis capability
Nice to Have
- •Understanding of earned value management (EVM) principles
Responsibilities
- •Develop and maintain project cost budgets and forecasts
- •Cost tracking, expenditure monitoring, and variance analysis
- •Prepare cost reports, cash flow forecasts, and financial dashboards
- •Support change management
- •Identify and mitigate cost risks
- •Coordinate with project controls, planning, procurement, and construction teams
- •Interface with finance teams for invoicing, accruals, and cost actuals
- •Report cost performance and explain variances
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Wood Group offers engineering, consulting, and project management services to the energy industry. It serves oil, gas, and renewable energy clients globally.
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