Cost Management Specialist

2 weeks ago

Kuwait City, Al Asimah beBee Careers Full time
Financial Analyst Job Opportunity

The role of a Senior Financial Analyst involves overseeing financial performance analysis, including cost attribution, budgeting, forecasting, accruals, cash flow monitoring, and payments processing. This position ensures that cost control and reporting are compliant and efficient throughout the project lifecycle.

Key Responsibilities:
  • Develop detailed cost breakdowns for projects (labor, materials, equipment).
  • Track and monitor actual costs against the approved budget.
  • Prepare monthly cost reports, analyze budget variances, and provide project progress insights.
  • Proactively reduce project costs and collaborate with project teams for cost efficiency.
  • Evaluate bids and subcontractor proposals to ensure cost-effectiveness.
  • Perform cost-benefit analyses and provide financial feasibility recommendations.

Project Support:
  • Align cost strategies with project goals and schedules.
  • Assist in procurement strategies for specialized equipment and services.

System and Process Management:
  • Implement and maintain cost control systems to track budgets, commitments, and forecasts.
  • Develop Cost Breakdown Structures (CBS) and integrate them with Work Breakdown Structures (WBS).

Required Competencies:

Educational Qualifications:
  • Bachelor's degree in Accounting, Finance, or a related field.

Experience:
  • 5-10 years in project controls with intermediate to senior-level experience in planning, scheduling, and costing.

Skills:
  • Strong analytical and problem-solving abilities.
  • Proficiency in MS Office (especially Excel) and familiarity with Primavera and ERP systems (SAP/Oracle).
  • Detailed understanding of Earned Value Management (EVM), progress reporting, and performance analysis.
  • Excellent communication and presentation skills.

Personal Skills:
  • Proactive, cooperative, and hardworking.
  • Strong negotiation and communication abilities.
  • Ability to work independently and in cross-functional teams.

Communication Skills:
  • Fluent in English (reading, writing, speaking). Other languages are a plus.

Requirements:

Salary:
A competitive salary will be offered to the successful candidate.

Job Requirements:
This role requires a strong background in finance and accounting, as well as excellent analytical and communication skills. The ideal candidate will have 5-10 years of experience in project controls and a bachelor's degree in Accounting, Finance, or a related field.

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