Cost Controller

Job Description

Title: Cost Controller

Company Name: Liberal Services.

Vacancy: 2

Age: At most 50 years

Job Location: Libya

Salary: Tk. 100000 - 150000 (Monthly)

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): Multinational Companies, Engineering Firms

• Bachelor/Honors

• At least 5 years
• The applicants should have experience in the following business area(s): Multinational Companies, Engineering Firms

• Age At most 50 years
• Only Male

• Budget Planning and Management

• Developing budgets: Creating detailed cost estimates for projects, considering factors like labor, materials, equipment, and overhead costs.

• Monitoring and tracking: Regularly reviewing project progress against the established budget to identify potential cost overruns or underruns.

• Forecasting: Predicting future costs based on current trends and historical data.

• Cost Control and Analysis Identifying cost-saving opportunities: Exploring ways to reduce expenses without compromising quality or project objectives.

• Analyzing variances

• Investigating differences between budgeted and actual costs to understand the reasons behind them.

• Implementing corrective measures: Taking steps to address issues that are driving up costs.

• Reporting and Communication

• Preparing financial reports: Creating regular reports on project costs, including budget vs. actual comparisons and forecasts.

• Communicating with stakeholders: Providing updates to project managers, executives, and other relevant parties on the financial health of projects.

• Collaborating with teams: Working closely with project managers, engineers, and other personnel to ensure that cost control measures are implemented effectively.

• Risk ManagementIdentifying potential risks: Assessing factors that could impact project costs, such as changes in material prices or unexpected delays.

• Developing mitigation strategies: Creating plans to address potential risks and minimize their impact on the project budget.

• Compliance and Auditing

• Ensuring compliance: Adhering to relevant financial regulations and accounting standards.

• Supporting audits: Providing information and documentation to auditors as needed.

• Medical allowance
• Lunch Facilities: Full Subsidize

• 3 meals a day, Tea Coffee free of costs

• Comfortable Camp accommodation with cleaning and laundry at free of costs

• One month vacation with free Air-tickets every year

• Medical, and Indurance Free