Cost Control Assistant Manager

Orascom Development Egypt likely operates in construction and infrastructure development, with cybersecurity roles suggesting IT security support for its operations.

Key Responsibilities: 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 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 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 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 Reporting and Documentation: Prepare and present regular cost control reports to management, highlighting key cost drivers and deviations from budget 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 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 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: Monthly Cost Reports: Timely and accurate reports detailing project cost performance, budget variances, and forecasted outcomes Budget Proposals: Well-prepared budget proposals that align with project requirements and financial goals Budget Movement: Timely updates on budget status, highlighting achievements and areas requiring attention Cost Forecasts: Reliable and data-driven cost forecasts for upcoming projects, facilitating proactive decision-making Documentation: Organized and comprehensive documentation of cost-related activities for audit purposes 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 Show more