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Chief Cost Optimization Specialist
2 weeks ago
Role Overview: Senior Cost Manager
- The ideal candidate will play a pivotal role in reviewing and analyzing major projects to ensure accurate forecasting and reporting.
- This involves promoting consistency and standardization in cost reporting practices across all projects.
- Review project specifications and contract conditions, developing tailored procurement and contract strategies during the tender/pre-contract phase of major projects.
- Verify cost competitiveness and highlight contractual or specification risks to senior management, offering appropriate recommendations.
- Assess projected profit margins to confirm they are aligned with the project's risk profile.
- Conduct audits on projects as requested by senior management, evaluating the accuracy of reports, financial and legal/contractual risks, and the performance of the QS and contract administration teams.
- 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 that risk management is effectively conducted, offering advice to improve risk controls, and documenting meeting minutes.
- 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.