Description

Financial Control Specialist Role

We are seeking a highly analytical and detail-oriented Financial Control Specialist to join our project controls team for the effective financial oversight of complex, large-scale infrastructure and construction projects.

The successful candidate will be responsible for establishing and maintaining robust cost control systems, ensuring accurate forecasting, and providing data-driven insights to support project management decisions across the full project lifecycle.

• Key Responsibilities:
• Establish comprehensive cost control systems in alignment with the approved baseline schedule, project scope, and cost breakdown structures (CBS/WBS).
• Monitor and track project budgets, commitments, actual expenditures, and forecasts across all disciplines and project phases.
• Perform earned value analysis (EVA) and generate cost performance metrics (e.g., CPI, SPI) to assess project health.
• Prepare and update monthly cost reports, including forecast-to-complete (FTC) and estimate-at-completion (EAC) evaluations for senior management.
• Analyze and report the cost impact of change orders, delays, and scope modifications, coordinating with contract and planning teams for early risk identification.
• Manage the payment application process, including preparation and timely submission of interim progress payment applications in accordance with contract milestones and measurement rules.
• Track certified amounts, payments received, and outstanding receivables.
• Ensure integration and consistency between planning, procurement, and cost control data for cross-departmental alignment and reporting integrity.
• Oversee subcontractor cost control activities, including validation of subcontractor cost breakdowns, invoicing, and progress billing.
• Monitor and evaluate subcontract variations, claims, and their financial implications.
• Ensure timely approval and processing of subcontractor payments and supporting contractual compliance.

Required Skills and Qualifications:

• Bachelor's degree in Civil or Mechanical Engineering from a recognized institution.
• Minimum 5 years of proven experience in cost control and project controls, preferably on large-scale construction, infrastructure, or EPC projects.
• Advanced proficiency in ERP/project control platforms.
• Strong command of Microsoft Excel, including advanced functions for data analysis, pivot tables, and dashboard reporting.
• Deep understanding of cost control methodologies, including WBS/CBS development, budgeting, forecasting, and earned value management principles.
• Strong communication and reporting skills, with the ability to interface effectively across departments and with external stakeholders.
• Detail-oriented, self-driven, and capable of working under pressure to meet reporting deadlines and financial targets.
  

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