Site Cost Controller

Cost Controller required for a major Offshore Wind Farm Developer based in Dubai.

Responsibilities

Develop and prepare budgets for projects, departments, or the organization as a whole.
Collaborate with project managers and other stakeholders to establish cost baselines.
Create financial forecasts based on current and projected expenses and revenues.
Update forecasts regularly to reflect changes in project scope or market conditions.
Track actual costs against the budget to identify variances.
Monitor expenses on an ongoing basis to ensure they align with budgeted amounts.
Analyze cost data to identify trends, inefficiencies, and opportunities for cost savings.
Investigate variances and provide explanations for any discrepancies.
Prepare regular financial reports and summaries for management, stakeholders, and project teams.
Ensure reports are accurate, timely, and provide insights into cost performance.
Generate variance analysis reports to highlight deviations from the budget.
Recommend corrective actions to address any negative variances.
Implement and maintain internal controls to ensure financial integrity and prevent fraud.
Ensure adherence to financial policies and procedures.
Ensure compliance with relevant financial regulations, standards, and laws.
Prepare documentation and support audits as needed.
Support project managers in controlling costs and ensuring projects stay within budget.
Provide financial input for project planning and execution phases.
Evaluate the financial impact of project changes and variations.
Update budgets and forecasts to reflect approved changes.
Communicate financial information effectively to various stakeholders, including project teams, senior management, and clients.
Provide financial advice and guidance to support decision-making.
Work closely with accounting, procurement, and other departments to ensure accurate financial data.
Coordinate with external vendors and contractors as needed.
Utilize financial software and tools for budgeting, forecasting, and reporting.
Ensure data accuracy and integrity within financial systems.
Identify and implement process improvements to enhance cost control efficiency.
Stay updated on best practices and emerging trends in cost management.Requirements

A degree in finance, accounting, business administration, economics, or a related field is usually required.
Advanced degrees such as a Master's in Business Administration (MBA) or Master's in Finance can be advantageous.
Certifications can enhance credibility and knowledge in the field: Certified Management Accountant (CMA), Chartered Global Management Accountant (CGMA), Certified Public Accountant (CPA), Project Management Professional (PMP), particularly if working on large projects.
Several years of experience in accounting, finance, or cost control.
Experience in specific industries (e.g., construction, manufacturing, oil and gas) may be preferred, depending on the job.
Experience working with project teams and managing project budgets can be beneficial.
Proficiency in cost estimation, budgeting, and forecasting.
Expertise in financial software and tools, such as SAP, Oracle, Microsoft Excel, and other ERP systems.
Familiarity with project management software can be an advantage.
High level of accuracy and attention to detail in managing financial data and reports.
Excellent verbal and written communication skills for effective reporting and stakeholder interaction.
Ability to explain complex financial concepts to non-financial stakeholders.
Strong problem-solving skills to address financial discrepancies and recommend corrective actions.
Understanding of financial regulations, standards, and compliance requirements relevant to the industry.
Strong organizational and time management skills to handle multiple tasks and deadlines efficiently.
Ability to work collaboratively with different departments and stakeholders.
Effective negotiation skills to manage cost-related discussions.
High ethical standards and integrity in managing financial information