Project Cost Controller

Job Summary:

The Project Cost Controller will be responsible for monitoring, analyzing, and reporting project costs to ensure financial control and efficiency. This role requires close collaboration with project managers, finance teams, and other stakeholders to optimize cost management and ensure project profitability. The ideal candidate will have strong analytical skills, experience in cost control within the Oil & Gas sector, and expertise in financial reporting and forecasting.

Key Responsibilities:

• Develop and maintain project cost control procedures, ensuring compliance with company policies and industry standards.
• Monitor and track project expenditures against budgets, identifying variances and providing insights to management.
• Prepare cost reports, forecasts, and financial summaries for senior leadership.
• Ensure accurate and timely cost allocation, invoicing, and payment tracking.
• Work closely with project managers and procurement teams to ensure cost efficiency and budget adherence.
• Identify cost-saving opportunities and recommend strategies to optimize project budgets.
• Manage financial risks related to project costs and implement mitigation measures.
• Ensure compliance with financial regulations, contractual terms, and internal controls.
• Support the preparation of financial models and feasibility studies for new projects.
• Assist in audits and financial reviews related to project costs.

Key Requirements:

• Bachelor’s degree in Finance, Accounting, Engineering, or a related field.
• 8+ years of experience in project cost control, preferably within the Oil & Gas industry.
• Strong understanding of cost control methodologies, financial reporting, and forecasting.
• Proficiency in ERP systems and cost management tools.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work collaboratively with cross-functional teams.
• Knowledge of UAE tax laws, VAT regulations, and financial compliance.
• Strong attention to detail and ability to manage multiple projects simultaneously.

Preferred Qualifications:

• Experience in multinational Oil & Gas projects.
• Professional certifications such as PMP, CMA, or CPA.
• Familiarity with project management methodologies and cost control software.

Compensation & Benefits:

• Competitive salary based on experience.
• Performance-based incentives.
• Health and insurance benefits.
• Career development and training opportunities.

If you are an experienced cost control professional with a strong background in project financial management, we invite you to apply for this exciting opportunity in Dubai.