26 Oct
Headhunter Middle East
United Arab Emirates
Reference: EN-188- Experience: Min. 7 Years- Location: UAE- Full Time- Performs a variety of tasks related to project payments, budgeting, cash flow analysis and forecasting, cost tracking of multiple projects, administration expenses, etc.
- 1. Preparation and Update of Project Cash Flow- Prepare baseline cash flow for the project upon award based on the payment terms of the contract, and budget input from the Sales/Estimation Department.
- Prepare monthly cash flow updates based on cost incurred from Accounts Department,
planned and actual progress from Operations / Planning Department and Engineering Department; material delivery status from the Procurement Department; planned and actual fabrication progress from Production; and planned and actual installation progress from the Planner and Project Manager (mhs planned and actual).
- Assess the Cash IN/Cash OUT performance of the project.
2. Project Cost Control- Initiate a cost monitoring sheet showing all items of expenditure on the project in coordination with the Sales/Estimation Department and the Procurement Department.
- Monitor all Purchase Orders placed by the Procurement Department against budgeted quantities and balance quantities to order.
- Follow-up with Accounts Department and log the costs incurred for MH incurred for PM, Engineering, Fabrication, and Installation.
- Monitor incurred costs with respect to the initial budgeted price for the project and prepare a summary Cost Control sheet for every project showing the total costs incurred, total amount paid, and the costs to complete the project after obtaining the needed information from relevant departments.
- Coordinate with the Accounts Department as needed for miscellaneous costs incurred.
3. Preparation/Review of Progress Payments and Follow-up for Payment- Coordinate with Client Quantity Surveyor to prepare Interim Payment Application (IPA) format based on payment terms of the contract.
- Coordinate with Engineering, Procurement, Fabrication, and Installation (PM) in order to prepare monthly IPA's based on progress information received.
- Follow-up with the Client on the Interim Payment Certificate (IPC) based on the due dates in the agreement. Review the IPC once received from the Client.
- Maintain an up to date payment tracker for Interim Payment Applications, Interim Payment Certificates, Payments, Overdue Certifications and Overdue Payments.
- Notify the Commercial Manager when Interim Payment Certifications and payments are overdue and prepare official correspondence based on the provisions of the contract.
4. Valuation of Variations- Maintain a Variation Log for each project to include approved and unapproved variations.
- Coordinate between the Engineering and Sales/Estimation Departments for the definition and valuation of all instructions for variation and follow-up with the Sales/Estimation Department for conclusion of the valuation.
- Prepare correspondences for submission of the variations in accordance with the provisions of the Contract and follow-up with the Client for their assessment and closure.
Education, Experience and Qualifications:
- BSc. Quantity Surveying or BE. Engineering (civil, mechanical, electrical, industrial).
- 7+ years QS experience for a contractor; facades contractor preferable.
- Ability to follow up with both internal and external stakeholders for input to reports and resolution of conflicts.
- Ability to analyze the financial performance of a project.
- Ability to understand contract procedures and mechanisms for payment, variations, and claims.
- Good proficiency using Microsoft Excel and Word required.
- Ability to solve practical problems and deal with a variety of sometimes stressful situations.
- Proficiency in spoken and written English language.
- Good knowledge and understanding of cost control software.
- Continuous cost monitoring and cost analysis reporting.
- Monthly reports: Cash Flow, Payment Tracker, Cost Control (including Cost to Complete).
- Interim Payment Applications (IPA's) - if needed
▶️ Quantity Surveyor / Cost Controller
🖊️ Headhunter Middle East
📍 United Arab Emirates