Innovo Group · Dubai, AE
Posted:
Role Purpose To monitor and control project costs for Innovo MEP, tracking actual expenditure against approved budgets and providing timely cost reports to support project management decision-making. Key Accountabilities Cost Monitoring Track and analyse project costs against approved budgets on a weekly and monthly basis. Identify cost variances and escalate significant deviations to the Cost Control Team Leader. Cost Reporting Prepare monthly cost reports, cost-at-completion forecasts, and variance analyses. Maintain cost databases and ensure all project transactions are correctly coded. Cash Flow Reporting Prepare project cash flow forecasts and track actual spend versus forecast. Highlight cash flow risks and funding gaps to the Cost Control Team Leader. Budget Management Support Assist in project budget setup and cost baseline establishment. Liaise with QS, procurement, and finance to ensure cost data accuracy. Change Control Track approved variations and update project cost baselines accordingly. Verify that cost impacts of change orders are correctly captured in cost reports. Innovation & Value Creation Introduce modern tools, technologies and processes that improve efficiency and transparency. Encourage innovative thinking to enhance outcomes and reduce costs without compromising quality. Qualifications, Experience, Knowledge & Skills Bachelor's degree in Engineering, Finance, or Quantity Surveying Minimum 4–6 years of cost control experience in MEP or construction Advanced Excel skills; ERP proficiency preferred Strong analytical and reporting skills