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Construction Cost Controller

Rawafid is on the lookout for a skilled Construction Cost Controller to oversee the financial aspects of our construction projects. In this vital role, you will manage the cost estimation, budgeting, and forecasting processes to ensure that our projects are financially viable and adhere to budgetary constraints. Your expertise in cost analysis and reporting will be instrumental in identifying variances, implementing cost-saving measures, and enhancing project profitability. You will collaborate closely with project managers and the finance team to track costs, prepare financial reports, and provide insights and recommendations based on detailed analyses. The ideal candidate will have a strong background in construction finance, excellent analytical skills, and a proactive approach to managing project costs. Join us at Rawafid and take on the challenge of optimizing our financial performance while contributing to the successful completion of our construction endeavors.


Responsibilities

  • Prepare, update, and maintain project budgets, cost estimates, and forecasts throughout the project lifecycle.
  • Monitor and analyze project expenditures to ensure alignment with budgets and financial targets.
  • Identify cost overruns and variances, providing detailed analysis and recommendations for corrective actions.
  • Collaborate with project teams to gather data for financial reporting and assist in decision-making processes.
  • Prepare timely and accurate financial reports, including cost reports, cash flow forecasts, and budget performance summaries.
  • Assist in the preparation of cost-related documentation for tenders and proposals.
  • Support the implementation of cost control processes and tools to enhance financial performance.
  • Bachelor's degree in Accounting, Finance, or Construction Management.
  • Certified Cost Professional.
  • Min. 7 years of experience in cost control or project accounting within the construction industry.
  • Proficiency in Microsoft Dynamics GP, Excel, Word, Aconex, SharePoint, Primavera P6, CostX.
  • Strong understanding of construction cost management, job costing, and financial reporting.
  • Excellent analytical skills and attention to detail, with the ability to interpret complex financial data.
  • Effective communication and interpersonal skills for collaboration with project teams and stakeholders.
  • Knowledge of industry standards, practices, and regulations related to construction costs.

Salary: Competitive salary pay scale, Housing Allowance, Transportation Allowance, Remote areas Allowance

Benefits: Top Healthcare Coverage including Dental and Vision, 13th Salary, Paid vacation time

Features: Onboarding and orientation, Fixable work hours, Long Weekends (Education Callender) Flexibility, Employee Awards & Certification (monthly, Milestones Recognition)

Employee Programs (subject to eligibility): Performance Bonus, Promotion & Career Growth, Knowledge & Skills Development,

Children Education Support, Car finance Assistance, Healthcare Plan Upgrade & Parents Inclusion.

What You Should Know About Construction Cost Controller, Rawafid

Rawafid is thrilled to announce an exciting opportunity for a Construction Cost Controller to join our dynamic team! In this pivotal role, you will take charge of managing the financial aspects of our construction projects, working diligently to ensure every project is not just viable but also fiscally responsible. Your talents in cost estimation, budgeting, and forecasting will help us stay on track and within budget. With your keen eye for detail, you'll analyze expenses, report variances, and propose actionable recommendations that enhance project profitability. Working closely with project managers and our finance team, you'll gather data needed for in-depth financial reporting, providing insights that guide critical decision-making processes. To excel in this role, we are looking for someone with a solid background in construction finance, excellent analytical capabilities, and a proactive approach to managing costs. If you're ready to embrace the challenge and make a real difference in our projects while enjoying competitive benefits and a supportive work environment, come join us at Rawafid and contribute to our mission of delivering top-tier construction services.

Frequently Asked Questions (FAQs) for Construction Cost Controller Role at Rawafid
What are the responsibilities of a Construction Cost Controller at Rawafid?

As a Construction Cost Controller at Rawafid, you will be responsible for preparing and maintaining project budgets, analyzing expenditures, identifying variances, and collaborating with project teams to ensure financial alignment. You will also prepare comprehensive financial reports and assist in cost-related documentation for tenders.

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What qualifications are needed to apply for the Construction Cost Controller position at Rawafid?

Applicants for the Construction Cost Controller role at Rawafid should possess a Bachelor's degree in Accounting, Finance, or Construction Management along with a Certified Cost Professional designation. A minimum of 7 years of experience in cost control or project accounting within the construction industry is also required.

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What tools and software should a Construction Cost Controller at Rawafid be familiar with?

A Construction Cost Controller at Rawafid should be proficient in Microsoft Dynamics GP, Excel, Word, Aconex, SharePoint, Primavera P6, and CostX. Familiarity with these tools is essential for effective financial reporting and cost management.

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What skills are important for a Construction Cost Controller at Rawafid?

Key skills for a Construction Cost Controller at Rawafid include strong analytical skills, attention to detail, effective communication, and an understanding of construction cost management and financial reporting standards.

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What benefits does Rawafid offer to Construction Cost Controllers?

Rawafid provides competitive salaries, housing and transportation allowances, comprehensive healthcare coverage, paid vacation, flexible working hours, and opportunities for performance bonuses and career growth.

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Common Interview Questions for Construction Cost Controller
Can you explain your experience with budgeting in the construction industry?

When discussing your budgeting experience, focus on specific projects where you managed budgets, detailing how you estimated costs, monitored spending, and made adjustments to align with financial goals.

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How do you identify and manage cost variances?

Explain your process for analyzing financial data, identifying variances, and implementing corrective measures. Use examples from past roles to illustrate your approach to ensuring projects remain on budget.

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What tools do you use for cost control and why?

Discuss specific tools such as Microsoft Dynamics GP or Primavera P6, and explain how they help you track expenses, prepare forecasts, and enhance financial reporting. Emphasize your proficiency and how it has benefitted past projects.

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How do you collaborate with project managers to ensure financial success?

Highlight your communication skills and provide examples of successful collaborations where you worked with project managers to share insights and data that influenced decision-making and financial strategies.

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Can you describe a challenging financial situation you've faced and how you handled it?

Share a specific example of a financial challenge, detailing your analytical approach to problem-solving and the steps you took to devise a solution that positively impacted the project and budget.

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How do you stay updated on industry standards and regulations related to construction costs?

Talk about your commitment to ongoing professional development, including attending workshops, networking with industry professionals, or following relevant publications that keep you informed about changes in construction finance.

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What techniques do you use to enhance project profitability?

Discuss various cost-saving measures you've successfully implemented in the past, such as renegotiating contracts, streamlining processes, or utilizing innovative technologies to reduce expenses.

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Describe how you prepare and present financial reports.

Explain your approach to gathering data, ensuring accuracy, and how you tailor your presentations to meet the needs of different stakeholders, highlighting key insights that aid in decision-making.

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What is your approach to risk management in cost control?

Discuss your ability to anticipate potential financial risks and the strategies you employ, such as regular budget reviews and proactive communication with project teams, to mitigate these risks effectively.

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How do you prioritize tasks when managing multiple projects?

Share your strategies for time management and prioritization, highlighting how you assess project deadlines and financial implications to ensure all tasks are completed efficiently without compromising quality.

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EMPLOYMENT TYPE
Full-time, remote
DATE POSTED
March 25, 2025

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