Cost Controller
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Job Summary
Job Description: Cost Controller
Position Title: Cost Controller
Department: Finance / Project Controls
Reports To: Cost Control Manager
Position Summary
We are seeking an experienced Cost Controller to support project budgeting forecasting cost monitoring and financial reporting across construction projects. The successful candidate will work closely with project managers engineers procurement commercial and finance teams to maintain accurate cost information identify variances and support effective commercial decision-making. Practical experience with Microsoft Dynamics AX and/or Microsoft Dynamics 365 Finance & Operations (D365 F&O) is strongly preferred.
Primary Responsibilities
Monitor project budgets commitments actual costs and forecasts.
Prepare regular cost reports cash flow forecasts and budget-versus-actual analysis.
Support the preparation of Estimate at Completion (EAC) and Cost to Complete (CTC) forecasts.
Identify cost variances and work with project teams to understand and address them.
Maintain accurate cost data within the project Cost Breakdown Structure (CBS) and Work Breakdown Structure (WBS) structures.
Review purchase orders subcontract commitments invoices and variation costs.
Support monthly Work in Progress (WIP) reporting and month-end financial close activities.
Maintain accurate project information within Microsoft Dynamics AX and/or D365 F&O.
Assist with project audits internal controls and financial compliance.
Prepare management reports and dashboards using Excel or Power BI.
Support improvements to cost-control processes and reporting accuracy.
Key Performance Indicators (KPIs)
Budget and forecast accuracy.
Timeliness of project cost reporting.
Cost-to-Complete and WIP accuracy.
Identification and reduction of cost variances.
ERP data accuracy and completeness.
Month-end reporting performance.
Cash flow forecasting accuracy.
Compliance with internal controls and audit requirements.
Minimum Qualification & Experience
Education: Bachelor’s degree in Civil Engineering Construction Management Finance Accounting Quantity Surveying Economics or a related discipline.
Certifications: Professional certifications such as CPA ACCA CMA CIMA PMP CCP or MRICS are advantageous but not essential.
Total Experience: 5–8 years of experience in project cost control preferably within the construction sector.
Hands-on Experience: At least 2–3 years of hands-on responsibility for project budgeting forecasting and cost reporting.
Experience supporting medium to large-scale construction projects.
Practical experience using Microsoft Dynamics AX and/or Microsoft Dynamics 365 F&O.
GCC construction experience is advantageous.
Technical Competencies
Construction costing and project accounting.
CBS and WBS structures.
Budgeting forecasting and variance analysis.
Estimate at Completion (EAC) and Cost to Complete (CTC) reporting.
Cash flow and WIP analysis.
Procurement and contract cost administration.
Advanced Microsoft Excel skills.
Microsoft Dynamics AX and/or D365 F&O expertise.
Power BI knowledge (advantageous).
Strong communication analytical and reporting skills.
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Required Skills:
Project Budgeting Forecasting Cost Monitoring Financial Reporting Commercial Decision-Making Microsoft Dynamics AX Microsoft Dynamics 365 Finance & Operations Cost Reporting Cash Flow Forecasting Budget vs Actual Analysis Estimate at Completion (EAC) Reporting Cost to Complete Forecasting Variance Analysis CBS Structure WBS Structure Purchase Order Review Subcontract Commitment Review Invoice Review Variation Cost Review WIP Reporting Month-End Financial Close Project Audits Internal Controls Financial Compliance Management Reporting Dashboards Advanced Microsoft Excel Power BI Cost Control Process Improvement Project Cost Control Construction Costing Project Accounting Cash Flow Analysis WIP Analysis Procurement Administration Contract Cost Administration Communication Skills Analytical Skills Reporting Skills
