Director of Cost - Ras al-Khaimah
Job description / Role
Employment: Full Time
Company description
Egis is an international player active in architecture, consulting, construction engineering and mobility services. We create and operate intelligent infrastructures and buildings that respond to the climate emergency and contribute to more balanced, sustainable and resilient territorial development.Operating in 100 countries, Egis puts the expertise of its 19,500 employees at the service of its clients and develops cutting-edge innovations accessible to all projects. Through its wide range of activities, Egis is a key player in the collective organisation of society and the living environment of citizens all over the world.
With 3,500 employees across 8 countries in the Middle East, Egis has delivered over 700 complex development projects, stimulating economic growth and enhancing quality of life. Ranked among the top ten firms in the Middle East by Engineering News Record (ENR), Egis is committed to sustainable development.The Group's operations in the Middle East are built on strategic acquisitions and a deep understanding of local market conditions. Egis' long history of providing comprehensive engineering, consulting, and project management services makes it a trusted partner for regional governments, investors, and developers.
Job description
The cost control director is responsible for setting up and managing the financial systems for the program including cash flow, invoicing, yearly budgets, data collection, analysis, cost control and reporting to the PMO leadership team and the client as required.He or she will monitor on a day to day basis the comparative between strategy, budget and cost of the entire program.
This includes overall formulation of a reporting strategy, obtaining requisite financial information from the relevant stakeholders on the program including the design management team, construction management office (CMO), tree management office (TMO), water management office (WMO) and the facilities management office (FMO), finance department, service providers and contractors if required and other departments within the program in order to prepare reports based on the requisite requirements accordingly; organize a database for the finance department and automated reporting system, and implementation of the system in PMIS and payment from client and to all service providers and contractors on the program.
This role will interact with a diverse group of people and departments across the various PMO teams including design, project controls, construction, procurement, investment, strategy, technical and planning. He or she will be the cost guardian in validating all PTEs at each stage of each project.
Qualifications- Budgeting and cost capture programs implementation plan delivery resource requirements, and monitor resource commitments. Updating and revising budgets and implementation strategy as required;
- Maintain a database of the actual cost, effort, and duration incurred to inform decision-making around likely PMO progress or investment decisions into assets belonging to the program;
- Securing, allocating, and reallocating capital to enable the delivery of the programs implementation plan, through a stage-gate decision-making process;
- Monitoring spend against budget for each project and program, analyzing variances in close relation with design and construction department, and preparing forecasts and other standard financial reports;
- Ensuring that the projects and programs strategy implementation plan have cost control systems and value engineering processes that fit the purpose;
- Carrying out ad-hoc financial analysis to provide management insight;
- Liaise with all relevant stakeholders including and not limited to the CMO/PMC procurement teams to ensure that cost control measures are adequate and that there is no cost shock;
- Monitoring business cases from inception through to project handover for any asset of program;
- Ensuring the integrity of the program's overall business case at all times, taking appropriate action to mitigate risks or remediate issues;
- Feeding back actual experience of costs to PMO decision-making leadership team;
- Design and implement budgeting policies and procedures;
- Review budget requests for approval;
- Forecast future budget needs;
- Review the program's budget for compliance with legal regulation;
- Ensure department managers meet budget submission deadlines;
- Present annual budgets to senior managers and leadership;
- Compare with similar projects on the program to align costs;
- Ensure control over expenses by regular feedback on budgets and actual expenses in the case of budget overruns due to delays on projects or the likes;
- Identify variances between actual and budgeted financial results at the end of each reporting period;
- Suggest spending improvements that minimize costs;
- Negotiate with potential suppliers to achieve savings as required;
- Participate in tender evaluations as required by the procurement department of the PMO;
- Conduct periodic audits of budget items, including comparing per diems to actual expenses and other budget-to-actual comparisons;
- Contribute to the overall effectiveness of the program strategy by subjecting proposed projects to cost-benefit or efficiency review and, where possible, identifying the expected return on investment. The program is currently executing a financial and economic impact assessment study to inform the above.
Additional information
Ensuring that financial reports are prepared, analyzed, and presented in a timely and accurate manner to support effective decision-making.
Job Function: Finance, Business Analysis & ConsultingCompany Industry: Business Support Services
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