Cost Control Engineer

Description:

1. Budget Preparation and Monitoring:

a. Collaborate with department heads to develop annual budgets for the company.

b. Monitor actual expenses against budgeted amounts on a regular basis.

c. Identify and investigate significant variances and take corrective actions as necessary.

2. Cost Analysis and Reporting:

a. Analyze cost data to identify trends, patterns, and areas of concern.

b. Prepare periodic cost reports for management review, highlighting key findings and recommendations.

c. Provide insights into cost-saving opportunities and efficiency improvements.

3. Cost Estimation for Projects:

a. Work closely with the construction department to estimate project costs accurately.

b. Factor in material costs, labor expenses, equipment rentals, subcontractor fees, and overhead costs.

Daily and monthly tasks:

1. Record and classify all costs into 4 categories and subcategories as per budget.

2. Classify all POs into 4 categories and subcategories:

a. Manpower: all expenses related to manpower such as housing furniture or expenses.

b. Material: (Row material – consumables - spare parts – production).

c. Subcontractor: (Installation – Fabrication – Service)

d. Equipment and tools.