IMI2580 - Specialist, Cost Control

Job Family: Asset Management and Marine Operations
Location: Ras Al Khair, Saudi Arabia
Business Line: Asset Management and Capital Projects
Department: Assets Management & Capital Project
Closing Date: 31-Jul-2024
Your future role & Job Purpose

We are looking to hire Cost Specialist who will be responsible for but not limited to:

  • Financial Budgeting, Reporting, Business Planning & Performance for Assets Mgmt.& Capital Project function. Also, will be responsible to control and monitor project total expenditure including verifying and checking of invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.

Key Accountabilities & Working Relationships

Key Accountabilities:

  • Perform financial forecasting, reporting, and operational metrics tracking

  • Analyze financial data and create financial models for decision support

  • Report on financial performance and prepare for regular leadership reviews

  • Analyze past results, perform variance analysis, identify trends, and make recommendations for improvements

  • Work closely with the Division Head, Planning and Budgeting, MMO to ensure accurate financial reporting

  • Evaluate financial performance by comparing and analyzing actual results with plans and forecasts

  • Guide the cost analysis process by establishing and enforcing policies and procedures

  • Provide analysis of trends and forecasts and recommend actions for optimization

  • Recommend actions by analyzing and interpreting data and making comparative analyses; study proposed changes in methods and materials

  • Development of financial plans including budgeting and forecasting for the short and long term.

  • Tracking & Controller oversees the day-to-day activities and ensures the company finance function is organized and efficient produces accurate financial and management accounts. 

  • Generate Monthly, Quarterly and Annual cost and variance reports for stakeholders including developing supporting commentaries.

Working Relationships:

Internal Interactions: 

  • Coordinates, manages, directs, and reports activities to AMCP Team as required.

External Interactions:

  • N/A

Who we are looking for

Education:

  • Bachelor of Business Administration – Finance, Accounting, Economic

Experience:

  • At least 3-9 years of business finance or other relevant experience

Competencies:

  • Excellent Computer Skills (all MS suites).

  • Organized and Methodical, planning.

  • Problem solving skills.

  • Good Communicator.

  • Understanding of Asset Management & ERP systems, and ISO Standards.

  • Analytical

  • Numerical

  • Commercial insight

  • Rule consciousness

  • Ability to lead.

  • Team Working

  • Decision making

  • Alertness and attention to details

  • Multi-tasking

  • Anticipating / Solving problems

Languages:

  • Strong written and verbal communication skills including technical writing skills.

About Application Process
If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
1. Resume/CV
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