Cost Control Engineer

Main Purpose

The Cost Control Engineer ensures accurate, consistent, and data-driven costing practices across the organization. The role establishes a unified cost framework, standardizes assumptions, and enhances visibility into cost drivers and operational inefficiencies. By implementing structured processes and tools, the Cost Control Officer supports informed decision-making, competitive bidding, and sustainable financial performance within the company.

Accountabilities

• Develop and maintain a standardized costing template covering all cost categories.
• Ensure consistent assumptions and methodologies across departments.
• Establish structured data submission requirements for accurate and timely inputs.
• Introduce dashboards for variance tracking and cost monitoring.
• Identify cost inefficiencies and recommend corrective actions.
• Provide regular reports on cost drivers and trends to management.
• Conduct quarterly market research and benchmarking to update cost assumptions.
• Maintain an updated cost library reflecting current market rates and supplier data.
• Support competitive bid preparation with data-driven costing models.
• Collect and validate cost inputs from Finance, Operations, HR, Procurement, and HSEQ.
• Ensure completeness and accuracy of cost data through cross-departmental engagement.
• Provide guidance and training to departments on cost control practices.
• Establish clear reporting structures under Finance & Commercial.
• Provide management with transparent and timely cost control reports.
• Support strategic decision-making by highlighting cost implications of projects and bids.

Operational

Qualification

• Bachelor’s degree in Engineering, or related field.
• Professional certification such as CMA, CPA, ACCA, or equivalent preferred.
• Minimum 5 years of experience in cost control, financial analysis, or management accounting, ideally within facility management, real estate, or service industries.