Cost Control Auditor

Cost Control & Cost Audit Specialist Industry Construction / Real Estate Development Location UAE Seeking Candidates having substantial construction/project cost-control experience and understand how construction costs are generated, contracted, measured, certified, invoiced, and ultimately paid. A candidate who has worked as a Cost Controller, Cost Auditor, Project Controls Specialist, Quantity Surveyor with audit exposure, or Construction Cost Analyst, particularly within a developer or large contracting organisation, would be highly suitable. Key Responsibilities Cost Control - Monitor and control project costs against approved budgets, BOQs, estimates, and forecasts. - Establish and maintain project cost-control systems and procedures. - Track committed, actual, accrued, and forecast project costs. - Analyse cost variances and identify reasons for budget overruns. - Prepare monthly cost reports, cost-to-complete reports, and project cost forecasts. - Monitor subcontractor, supplier, consultant, and contractor expenditure. - Review and validate invoices, payment applications, and supporting documentation. - Monitor variations, claims, change orders, and their financial impact. - Ensure all project expenditures are correctly allocated to the appropriate cost codes and projects. - Work closely with Project Managers, Quantity Surveyors, Procurement, Finance, and Contracts teams. Cost Audit - Conduct periodic and project-based cost audits to verify the accuracy and validity of construction expenditure. - Audit contractor and subcontractor invoices, payment certificates, variations, claims, and supporting documents. - Reconcile approved budgets, contracts, purchase orders, invoices, payments, and actual project costs. - Identify duplicate payments, incorrect rates, unsupported costs, overbilling, and unauthorized expenditure. - Review contractual rates, BOQ quantities, material costs, labour costs, and subcontractor charges. - Verify that project costs comply with approved contracts, budgets, procurement procedures, and company policies. - Conduct audits of procurement and purchasing transactions related to construction projects. - Highlight cost leakage and recommend corrective and preventive actions. - Prepare audit findings and present recommendations to senior management. - Follow up on implementation of agreed cost-control and audit recommendations. Reporting & Analysis - Prepare detailed cost-control dashboards and management reports. - Provide management with early warnings on potential cost overruns and financial risks. - Analyse project profitability, cost trends, and forecast final costs. - Develop and maintain cost-control KPIs. - Support annual budgeting, project feasibility reviews, and financial forecasting. - Provide data and analysis for internal and external audits when required. Requirements - Bachelor's degree in Quantity Surveying, Civil Engineering, Construction Management, Finance, Accounting, or a related discipline. - 5–10 years of relevant experience in construction cost control, project controls, quantity surveying, cost audit, or a similar role. - Strong experience specifically in construction cost auditing is essential. - Previous experience working with main contractors, developers, consultants, or construction companies is preferred. - Strong knowledge of construction contracts, BOQs, variations, payment certificates, subcontractor accounts, and procurement. - Experience in analysing project costs and identifying discrepancies and cost leakage. - Strong understanding of budgeting, forecasting, cost-to-complete, accruals, commitments, and variance analysis. - Excellent Excel and financial analysis skills. - Experience with ERP/project cost-control systems is highly desirable. - UAE/GCC construction experience is preferred. Preferred Qualifications - RICS, MRICS, CIMA, ACCA, CPA, CMA, PMP, or equivalent certification would be an advantage. - Experience auditing large-scale building, infrastructure, residential, commercial, or real estate development projects. - Experience in both cost control and internal/project cost audit will be strongly preferred.

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