Cost Control Engineer / 22.05

Project Initiation Phase:

• Establish and implement the project Cost Control System, including the Cost Breakdown Structure (CBS).

• Review procurement/accounting systems for compliance and traceability of costs.

• Issue project-specific documentation: Cost Control Procedure, Cost Coding Manual, and Risk Management Plan.

• Define cost allocations across entities, currencies, and accounts; develop project cash-flow forecasts.

• Lead initial risk management workshops and perform qualitative/quantitative risk assessments.

• Conduct Monte Carlo risk analysis.

Execution Phase:

• Ensure the Cost Control System functions effectively and delivers reliable cost status updates.

• Monitor progress, earned value, and actual vs. forecast cost performance; determine monthly accruals.

• Support contract change and claim processes with impact analyses and updated forecasts.

• Review ongoing costs and forecast estimates; highlight deviations and propose corrective actions.

• Maintain and update risk registers, coordinate feedback from risk owners.

• Produce timely and accurate cost and progress reports.

Project Close-Out:

• Assist in preparing the final Project Close-Out Report.

• Provide cost feedback data for future project planning and commercial analysis.

Requirements:

• Degree in Engineering, Finance, or related field.

• Minimum 5 years of experience in cost control on large-scale EPC or infrastructure projects.

• Expertise in CBS development, forecasting, and risk management tools (incl. Monte Carlo).

• Proficient in SAP, Primavera, or similar project control software.

• Strong analytical, reporting, and communication skills.

• Fluent in English.