
Chief Cost Optimization Specialist
1 day ago
Our organization is seeking a seasoned Cost Manager to assume key responsibilities in the monitoring and analysis of costs for large-scale projects.
The ideal candidate will have a proven track record in project cost management, with extensive experience in the engineering, procurement, and construction (EPC) industry.
Main Responsibilities:
- Track and analyze project costs across various phases, ensuring alignment with financial plans.
- Prepare detailed variance reports to identify causes of deviations between budgeted and actual costs.
- Validate expenses, including petty cash and non-PO based expenditures, and assess supplier performance.
- Collaborate with project teams to monitor progress and update percentage-of-completion calculations as per International Financial Reporting Standards (IFRS).
Key Skills and Qualifications:
- Familiarity with IFRS, particularly IFRS 15, IFRS 9, IFRS 16, and IAS 16.
- Industry-specific knowledge of EPC project lifecycles, cost drivers, and risks.
- Technical proficiency in project management and accounting software.
- Strong analytical skills in cost analysis, budgeting, and variance analysis.
- Effective communication skills to present cost information and insights to management.
Benefits and Requirements:
- Ensure compliance with contractual agreements and project-specific financial regulations.
- Conduct audits to verify accurate allocation of costs to respective projects and phases.
- Work closely with procurement to control and analyze material and service costs.
- Implement strategies to minimize waste and optimize resource utilization.
What We Offer:
- A dynamic work environment with opportunities for professional growth.
- Competitive compensation and benefits package.
- A team-oriented culture with a focus on collaboration and open communication.
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