Cost Management Specialist

7 days ago


Pretoria, Gauteng, South Africa HR Genie Full time
Job Title: Cost Management Specialist

Job Type: Contract, expected to work Full-Time hours

Cost Management Specialist Job Description

This position involves managing and controlling costs related to mining projects to ensure financial efficiency and project success.

Required Qualifications:
  • Certifications: Cost Engineering qualification, preferably AACE International Cost Control Professional (CCP)
  • Education: Bachelors degree in engineering, Quantity Surveying, Construction Management, or a related field.
  • Professional Certifications: Professional certifications such as CCP (Certified Cost Professional) or AACE (Association for the Advancement of Cost Engineering) accreditation.

Minimum requirements:

  • Experience: Minimum of 5-7 years of experience in cost engineering or cost control in industries such as construction, engineering, oil & gas, or infrastructure.
  • Skills: Proven experience in managing project cost estimation, cost control, and forecasting processes on large, complex projects.
  • Tools: At least 3 years of experience with cost management tools such as Primavera, SAP, or Oracle Primavera Unifier.
Software Requirements:
  • Microsoft Suite: Microsoft Suite (Word, Excell, PowerPoint)
  • Cost Management Tools: SAP, Oracle, or Primavera P6

Skill:

  • Cost Management: Proficiency in cost management and financial analysis software such as SAP, Oracle, or Primavera P6.
  • Cost Estimation: Advanced knowledge of cost estimation methodologies, including top-down, bottom-up, and parametric estimating.
  • Communication: Excellent communication and report writing skills to present cost information to non-technical stakeholders.
  • Financial Principles: Solid understanding of financial principles, such as budgeting, accounting, and financial reporting.

Responsibilities:

  • Cost Estimate Review: Review of the cost estimate (incl. comprehensive understanding of the basis of estimate), cash flow forecast and alignment with scope, WBS and schedule
  • Cost Control Plan: The development of an integrated cost control plan incorporating all stakeholders and technical functions, with specific emphasis on integration with the Schedule Management Plan
  • Cash Flow Monitoring: Monitoring all cash-flow, providing accurate reports of progress, variance to plan, root causes and remedial actions
  • Risk Identification: Monitoring the greater environment to identify the potential risks to the cost and financial model

Behavioural Traits:

  • Attention to Detail: Must demonstrate a high level of precision in cost reporting and forecasting to avoid inaccuracies that may impact the project's financial health.
  • Proactivity: Should actively monitor cost trends and implement corrective actions as soon as cost deviations or risks are identified.
  • Critical Thinking: Ability to analyse data, foresee potential cost challenges, and propose solutions or alternatives that minimize financial risk.


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