Head of Cost Control and Technical Governance

The Role

Head of Cost Control and Technical Governance is responsible for safeguarding Uniestate’s development budgets, technical standards, and governance framework across all projects. This function incorporates financial analysis, feasibility validation, and cost governance throughout the pr...

The Role
Head of Cost Control and Technical Governance is responsible for safeguarding Uniestate’s development budgets, technical standards, and governance framework across all projects. This function incorporates financial analysis, feasibility validation, and cost governance throughout the project lifecycle. Leadership • Provide leadership in project control of development and capital projects. Business • Acquire and maintain expertise in Uniestate’s business, including its structure, departmental roles and responsibilities and operations, applying this knowledge in all decisions. • Maintain expertise in property development and related disciplines. Policies, procedures and ways of working • Implement Uniestate’s internal policies, systems, processes, and procedures • Ensure that changes to investment universe, criteria and policies, systems, processes and procedures are applied correctly. 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. Project planning • Review development feasibility studies. • Review proposed development budgets, BOQs and investment proposals. • Challenge budgets, BOQs and investment proposals; assess the feasibility of commercial assumptions and funding strategies. • Review project cost plans and cost-to-completion forecasts. • Support investment decision-making with analytical and financial insights. Cost control • Apply methods and tools for the monitoring and measurement of project costs. • Ensure that project costs are accurately recorded, on a timely basis; report actual vs planned costs and project cash flow position. • Control project total spending including verifying and checking of invoices and claims from vendors and subcontractors. • Review and endorse vendor invoices against submittals. • Coordinate with Finance on forecasting, reporting, and audits. Contract administration • Review vendor claims and variation order requests for validity; recommend action. • Monitor contract progress and notify Legal and other stakeholders of issues. • Monitor CAPEX, variations, and claims, ensuring formal approval processes. Technical governance • Review RFPs prior to issue. Review and endorse / approve vendor technical prequalification; ensure that consultants and contractors meet technical requirements. • Review vendor submittals and invoices against technical standards. • Apply technical standards, specifications, and governance controls. • Maintain development approval matrices and delegation of authority. • Capture lessons learned and standardise best practices across projects. Reporting • Prepare control reports. Risk management • Assist project managers to complete project risk registers. • Review risk registers and ensure that they are correct and reviewed depending on the risk and value of the project. • Recommend revisions to project risk registers. Project monitoring and control • Apply methods and tools for the monitoring and measurement of project progress. • Work with Finance to obtain project spending information (invoices, payments). • Ensure that project milestone achievements are accurately recorded, on a timely basis; control project progress including verifying and checking submittals and reports from consultants. • Review and approve project flash reports from project managers; report actual vs planned progress in consolidated portfolio report. Review and endorse vendor submittals. • Investigate variations and propose corrective action. • Prepare lessons-learned reports to enable KH to avoid delays and scope overruns in future projects. 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
Education and qualifications • Bachelor’s degree in engineering or accounting Experience • 9+ years of experience in project management and technical services field with a least 4 years of experience in a managerial position Skills Technical: • Project and portfolio management • Data management • Project management systems • Risk management • Construction management • Project control • Cost control • 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