Senior Cost Control Specialist

1 week ago

Singapore beBeeCostControl Full time $80,000 - $120,000

Job Title: Senior Cost Control Specialist

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We are seeking an experienced Cost Control Specialist to join our team.

The successful candidate will have a proven track record in cost management and analysis, with a strong understanding of financial principles and regulations.

The role involves participating in tender and project reviews, collaborating with teams to review cost reports, and ensuring accurate forecasting and reporting. You will also promote consistency and standardization in cost reporting practices across projects.

Tasks and Responsibilities:

  • Review project specifications and contract conditions, developing tailored procurement and contract strategies during the tender/pre-contract phase of major projects.
  • Verify cost competitiveness at the tender submission stage, highlighting contractual or specification risks to senior management and offering recommendations.
  • Assess projected profit margins to confirm alignment with the project's risk profile.
  • Conduct audits on projects as requested by senior management, evaluating report accuracy, financial and legal/contractual risks, and QS and contract administration team performance.
  • Audit key contract administration functions such as SOP compliance, procurement schedules, document registers, and subcontractor management.
  • Provide support on project commercial and legal matters, including Extension of Time (EOT) requests and cost claims.
  • Collaborate with Financial Planning & Performance, Corporate Planning, Legal, and Governance teams as required.
  • Coordinate and attend tender submission review meetings with group companies, ensuring effective risk management and providing advice to improve risk controls.
  • Attend project cost control meetings with group companies to evaluate cost management practices and provide guidance for improvement.
  • Participate in cost feedback sessions to support analysis of profit or loss causes and assist in developing preventive measures and cost control improvements for future projects.
  • Organize and coordinate meetings related to project profit and loss (P&L) reviews, including feedback and analysis sessions.
  • Monitor and assess cost control operations and P&L management across group companies, recommending improvements where necessary.
  • Support root cause analysis of profit fluctuations and help formulate and disseminate preventive or profit-enhancing measures across group entities.
  • Become proficient in the new cost control system and assist in training relevant staff across group companies.
  • Facilitate communication between group companies and headquarters regarding updates on current tenders and ongoing project statuses.

Requirements:

  • Proven experience in cost management and analysis, with a strong understanding of financial principles and regulations.
  • Excellent communication and interpersonal skills.
  • Ability to work effectively in a team environment.
  • Strong analytical and problem-solving skills.
  • Proficiency in MS Office, particularly Excel.

Benefits:

  • Opportunity to work with a dynamic team.
  • Competitive salary and benefits package.
  • Professional development and growth opportunities.
  • Recognition and rewards for outstanding performance.

How to Apply:

Please submit your application, including your resume and a cover letter outlining your experience and qualifications. We regret only shortlisted candidates will be contacted. All applications will be handled confidentially.

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