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Open nowPosted 23 hours ago

Cost Control Assistant Manager

Workable (global search)107,627 open roles

Where
Cairo, Cairo Governorate, Egypt
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Your applicationOpen nowCost Control Assistant ManagerWorkable (global search) · Cairo, Cairo Governorate, Egypt

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The clock on this job

Early applications get read.

9.8% of postings close within 7 days. Measured by our own scanner across the market. Workable (global search) postings stay open a median of 5 days.

Share of postings closed within
  1. 1.9%1 day
  2. 3.9%3 days
  3. 9.8%7 days
  4. 15.5%14 days
  5. 33.7%30 days
This job: posted 23 hours ago

Workable (global search) median: 5 days open

The posting

Key Responsibilities:

1) Budget Development:

· Assist in the preparation and development of projects budgets in collaboration with department heads and project managers in all destinations of the company.

· Work closely with the line manager to ensure alignment of budgets with organizational goals and objectives.

2) Cost Control, Monitoring and Analysis:

· Assist in the development and implementation of cost monitoring systems.

· Regularly analyze project budgets, expenditures, and forecasts to identify trends and potential cost overruns.

· Collaborate with project teams to understand cost implications and provide insights for decision-making.

3) Budget Management:

· Support the preparation of project budgets by gathering and analyzing relevant cost data.

· Work closely with the line manager to ensure accurate budget allocations and adjustments as needed.

· Monitor budget performance and recommend corrective actions to mitigate variances.

4) Budget Monitoring and Reporting:

· Monitor budget performance regularly and prepare comprehensive reports highlighting key performance indicators and areas of concern.

· Present budget status updates to management and recommend strategies for achieving financial targets.

5) Reporting and Documentation:

· Prepare and present regular cost control reports to management, highlighting key cost drivers and deviations from budget.

6) Vendor and Contract Management:

· Collaborate with procurement teams to evaluate vendor proposals and contracts from a cost perspective.

· Monitor contractor performance and compliance with agreed-upon cost terms.

7) Forecasting and Predictive Analysis:

· Utilize historical cost data and industry benchmarks to develop accurate cost forecasts for upcoming projects.

· Work with project teams to identify potential risks and uncertainties that may impact project costs.

8) Process Improvement:

· Identify areas for process improvement within the cost control function and collaborate with the team to implement enhancements.

· Stay abreast of industry best practices and emerging tools for cost control and recommend their adoption as appropriate.

Deliverables:

1) Monthly Cost Reports:

· Timely and accurate reports detailing project cost performance, budget variances, and forecasted outcomes.

2) Budget Proposals:

· Well-prepared budget proposals that align with project requirements and financial goals.

3) Budget Movement:

· Timely updates on budget status, highlighting achievements and areas requiring attention.

4) Cost Forecasts:

· Reliable and data-driven cost forecasts for upcoming projects, facilitating proactive decision-making.

5) Documentation:

· Organized and comprehensive documentation of cost-related activities for audit purposes.

6) Process Improvement Recommendations:

· Proposals for process improvements within the cost control function, demonstrating a commitment to continuous enhancement.

Requirements

  • Bachelor's degree in Civil Engineering, Construction Management, or a related field.
  • Preferably 5–8 years of experience in cost control, project budgeting, or project controls.
  • Experience in real estate development or construction projects is highly preferred.
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