Cost Control Manager

Date: 6 Sep 2024

Location: IQ

Company: Power International Holding

Job Summary

    The Cost Control Manager is responsible for managing and controlling costs across the company, including identifying cost-saving opportunities, implementing cost reduction strategies, and monitoring and reporting on cost performance. The Manager will work closely with cross-functional teams, including Finance, Operations, and Procurement, to develop and implement cost control initiatives and ensure compliance with cost control policies and procedures.

Job Responsibilities 1

Identify and manage commercial risks and opportunities, including market trends, competitive pressures, and regulatory changes.

Job Responsibilities 2

    • Maintains strong relationships with suppliers and vendors, and negotiate contracts to ensure the most favorable terms and conditions.

    • Ensures compliance with all regulatory and legal requirements related to cost control management.

    • Cultivates a high-performance culture within the Cost Control team, including setting clear goals and expectations, providing regular feedback and coaching, and recognizing and rewarding outstanding performance.

    • Heads and handles cost control policies and procedures, and ensure effective communication and training to relevant stakeholders.

    • Stays up-to-date with industry trends and emerging technologies, and provide insights and recommendations to the relevant leadership/management team.

Additional Responsibilities 3

Job Knowledge & Skills

    • Extensive knowledge and experience in cost control principles, practices, and procedures.

    • Strong analytical and problem-solving skills, with the ability to think strategically and innovatively.

    • Strong project management skills, with the ability to manage multiple Knowledge of Cost Control and estimating packages such as CCS (Candy) is essential.

    • Computer skills: MS applications and Primavera 6 but not essential. ERP knowledge, preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

    • Minimum 10 years of total experience.

    • Minimum 5 years of experience in Specialty/industry relevant (required).

    • Minimum 3 years in GCC (preferred).

Competencies

Financial Reporting L4
Claim Studies L4
Cost Control L4
Cost Estimating L4
Build High-Performing Teams
Provide Direction
Projects-Commercial L4
Leadership
Collaboration
Accountability
Resilience
Quality

Education

Bachelor's Degree in Finance, Accounting, Economics, Pubic Administration or business administration, and other related field
Master's degree in Accounts and Finance