The Senior Cost Control Officer works collaboratively with various department managers to analyze costs, assess vendor relationships, and maximize profitability. The role is responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.

• Provide planning and cost controlling support for all projects which includes variation reporting, monitoring
• of milestone progress to the preparation of customer billing processes, etc.
• Perform and manage project activity scheduling and monitoring Develop and maintain program and project
• cost reports and cost tracking
• Develop and audit cost forecasts variances, as needed.
• Work with all relevant project personnel to ensure that cost control procedures are in place.
• Assist is setting up project(s) with Computerized Cost System upon agreed format.
• Assist the project manager in identifying and gaining approval of estimates/change requests.
• Review cost commitment and expenditure information for all cost elements, for input to the computerized cost control and reporting system on a consistent basis and ensuring that all information received is accurate and correctly input.
• Prepare regular cost reports and advising management of any forecast cost overruns as soon as possible to allow corrective actions to be taken in a timely manner.
• Highlight cost areas of concern and suggesting areas of improvement.
• Maintain comprehensive accessible registers of financial approvals, variations and change orders.
• Liaise with the finance department with regards to establishing monthly evaluation of work done, goods received and services rendered for invoice preparation and verification
• Ensure that all cost related work is in compliance with procurement contract(s).
• Prepare and process payment request receive from Procurement.
• Review invoices to ensure that all the information appearing on them is accurate and complete
• Ensure the 3 way match of payment (PO, SRV/ Delivery note and Invoice)
• Update and provides Payment Tracking Reports.
• Coordinate with supplier for ensuring the availability of statement of account before processing payments.
• Prepare reconciliation of Supplier Account; reconcile vendor statements with our own balances and make corrections of discrepancies, if any and accordingly.
• Coordinate for timely resolution for any dispute
• In-depth knowledge of engineering/design/ job working instruction / procedures
• Good project control practices in planning and scheduling and overall awareness of projects.
• Project cost planning, scheduling and reporting.
• MS Project, Primavera Scheduling and SAP software is highly advantageous
• Understands the corporate and project(s) specific cost procedures and carry out all work
• Understand all relevant project documents relating to cost management
• ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.