Cost Controller is responsible for establishing the project cost baseline, evaluating consultant and contractor invoices, preparing cost projections and cost reports, and monitoring variations. Business Acquire and maintain expertise in Uniestates business, including its structure, ...
Additional Information
The Role Cost Controller is responsible for establishing the project cost baseline, evaluating consultant and contractor invoices, preparing cost projections and cost reports, and monitoring variations. Business Acquire and maintain expertise in Uniestates business, including its structure, departmental roles and responsibilities and operations, applying this knowledge in all decisions. Policies, procedures and ways of working Implement Uniestates internal policies, systems, processes, and procedures. People and talent management Identify own learning and development needs and ensure that he / she receives the required training, experience and learning to execute their roles effectively. Commercial feasibility Conduct or contribute to commercial feasibility studies during opportunity appraisal. Project planning Review proposed development budgets and BOQs. Review project procurement plans and cost-to-completion forecasts. Challenge cost assumptions. Prepare the project baseline. Project control Receive project spending data from Finance. Update project budget / cost control log. Prepare cost control reports and highlight variances. Follow up cost variances with consultant, contractor and other project parties. Prepare progress reports and highlight variances. Follow up progress variances with consultant, contractor and other project parties Ensure that project milestone achievements are accurately recorded, on a timely basis; control project progress including verifying and checking submittals and reports from consultants. Update project progress records. Update progress change logs. Prepare and submit final project expenses report and payment certificates to Finance. Change control Record variation orders. Review variation orders against project budget and project records. Request contract amendments. Coordinate updates to scope and cost baselines. Contract management Review vendor submittals and invoices against contractual terms and conditions. Review vendor claims and variation order requests for validity; recommend action. Monitor contract progress and notify Legal and other stakeholders of issues. Manage contract renewal for long-term contracts (e.g., facilities management). Project closure Manage close-out checklist implementation to ensure that snagging and issues are rectified. Close project accounts and records. Review lessons learned reports and propose changes in project control for future projects. Reporting Prepare control reports. Risk management Assist project managers to complete project risk registers. Review risk registers and ensure that risk registers are updated following changes in project scope or product designs. Technology Use systems, applications and tools in project control processes. Compliance Maintain and apply knowledge and understanding of legal, regulatory and internal compliance requirements.
Requirements Experience 7+ years of experience in project control field with a least 4 years of experience in the development sector Education and qualifications Bachelors degree in engineering or accounting Skills Technical: Project and portfolio management Cost control Project accounting Risk management Real estate development Construction management Contracts management Behavioural: Leadership and team management Ethics and integrity Stakeholder management Emotional intelligence Change management and communication Developing self and others Problem-solving
About the company Union Investments has established a solid reputation as a robust, dynamic and forward-looking organization Union Investments has come a long way from its modest beginnings almost 25 years ago. Union Investments was established by H.H Sheikh Tariq Al Qassimi in year 1986, which rapidly grown into a large conglomerate within a short span of time. Union Investments is an umbrella of three sub-holding companies including Oryx Holding, RAK Holding and Union Holding Company
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