Civil Cost Control Engineer

Royal International Construction is a relatively new name in the UAE's vibrant construction scene, but it is one that harnesses the strengths and heritage of its founders and the expert talents of its proactive management team. The company currently employs over 500 construction experts located throughout the UAE, with an unparalleled skillset covering finance, architecture, design, mechanical and electrical engineering, as well as project management. We also have an in-house team dedicated to producing high-standard technical bids and comprehensive and competitive commercial tenders.

As a Civil Cost Control Engineer is responsible for ensuring accurate budget management and cost control for all assigned projects. The role involves monitoring project expenditures, forecasting costs, and maintaining alignment with project budgets to ensure profitability and effective financial management.

Key Responsibilities:

Area of Responsibility: Budget Management and Financial Oversight

Brief Description of Activities:

1. Tender Budget Review:

   • Analyze and review the tender budget to prepare cost control plans.

   • Finalize contingency provisions and ensure alignment with target profitability.

2. Cost Monitoring and Reporting:

   • Monitor actual monthly costs against allocated budgets.

   • Highlight variances promptly to project management and suggest corrective actions.

3. Financial Data Review:

   • Analyze accruals, invoice payments, purchase orders, material deliveries, and other financial records.

4. Forecasting and Profitability Assessment:

   • Submit monthly forecast reports detailing all projects’ financial statuses.

   • Provide assessments of projected profitability.

5. Manpower and Resource Planning:

   • Participate in finalizing manpower histograms and resource allocation plans.

6. Cost Reconciliation and Reporting:

   • Assist in preparing and presenting monthly cost reports comparing actual costs to approved budgets.

   • Develop accurate forecasts for work-in-place, commitments, and projected costs to completion.

7. ERP System Implementation:

   • Set up and monitor cost control procedures in the ERP system to ensure seamless integration of financial data.

8. Close-Out and Project Completion:

   • Monitor and implement cost control measures through all project stages up to close-out.

Minimum Qualifications/Education:

• Bachelor’s degree in civil engineering, Construction Management, or a related field.

• Certifications in Cost Control (e.g., CCP – Certified Cost Professional) are an advantage.

Minimum Experience:

• Minimum 5 years of experience in cost control or financial management within the construction industry, preferably in civil engineering projects.

Technical Knowledge, Skills, and Certifications:

1. Technical Skills:

   • Proficiency in cost control tools and software.

   • Strong command of ERP systems for cost tracking and reporting.

2. Analytical Skills:

   • Ability to interpret financial data and create accurate forecasts.

   • Strong problem-solving and variance analysis skills.

3. Communication and Collaboration:

   • Excellent communication skills to interact with multidisciplinary teams and stakeholders.

   • Ability to convey financial insights effectively to both technical and non-technical audiences.

4. Construction Knowledge:

   • Sound understanding of civil construction processes, materials, and associated costs.

5. Certifications:

   • Certifications such as CCP, PMP (with a financial focus), or equivalent are preferred.