Cost Controller

Roles and responsibilities

• Develop and manage the initial Cost Plan in consultation with all parties, including Consultants and SAR.
• Track and report costs against approved budgets, including committed, incurred, actual/paid, and forecast final/out-turn costs.
• Prepare job cost reports showing variances between budgets and costs, earned value, and movements from prior months.
• Validate and verify all commercial/financial performance aspects of the project, including benchmarking Contractors' claims and forecasts.
• Ensure timely and accurate final accounting, including all claims and outstanding payments.
• Prepare and oversee the pricing schedule or Bills of Quantities for incorporation within RFPs or post-contract documents.
• Provide cost consultancy services and be responsible for all aspects of contract administration and cost consultancy for the project.
• Manage all contractual and cost issues related to the administration of Consultants, Contractors, and works packages.
• Provide regular cost reports, including updated cash flow forecasts, reconciliation of payments, and forecast final accounts.
• Carry out cost estimates and comparisons of alternative design or construction solutions.
• Review and recommend variation payments and verify payment applications from Consultants and Contractors.
• Prepare recommendation reports on claims, including cost and time impacts, and assist in negotiations and settlements.
• Ensure that all parties hold correct and current insurances and bonds as required.
• Maintain a project retention, insurance, and bond register status report.
• Ensure no certification of payment applications where correct insurances and bonds have not been provided.
• Prepare and submit monthly reports detailing project status, cost control measures, and financial performance.
• Ensure accurate and timely documentation of all cost management activities, including change management procedures and final account settlements.

Desired candidate profile

Qualifications

• Professional certification such as RICS, CCP, or equivalent.
• Minimum of 15 years of experience in cost management within the rail and transportation industry
• Strong knowledge of cost control principles, budgeting, and financial analysis.
• Excellent analytical, problem-solving, and communication skills.
• Proficiency in cost management software and tools.
• Attention to detail and accuracy in financial reporting.
• Strong organizational and time management skills.
• Ability to work collaboratively with multiple stakeholders.
• Proactive approach to identifying and resolving cost-related issues.
• Commitment to maintaining high standards of professional ethics and integrity.

Experience and demonstrated skill in establishing criteria and system set-up for all project controls activities. - Working knowledge of engineering, procurement, contracts, construction, and start- up / set up work processes. - Involvement in continuous improvement and capacity building / talent development. - Demonstrated skill in management, supervisory and personnel administrative functions. - Excellent verbal and written communication skills. - Experience of working internationally (preference KSA experience).