Head of Cost Management Department

Full time @Prime Property Group in Accounting / Finance
  • Limassol, Cyprus, Ambelakion 28 Street, P. Germasogeia 4046 View on Map
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Job Detail

  • Remote Job No
  • Experience 8 Years +

Job Description

PRIME PROPERTY GROUP, one of the fastest growing companies in the property market in Cyprus&Greece offering its customers high quality and one shop stop services is expanding its construction activities and currently looking for a:

Head of Cost Management Department

Head of Cost Management Department will be required to implement, administer and maintain cost control procedures, tendering process, creation and evaluation of BOQs in the company and its subsidiaries.


Key Responsibilities:

  • Adherence to project cost standards, processes and procedures across the project
  • Set-up and control of cost report, maintaining a consistent approach to reporting across the portfolio of projects taking into account Capex as well as Opex costs
  • Analysis and integration of cost estimates and forecasts provided by contractors and suppliers, and support the cost estimating process
  • Ensure changes are correctly documented communicated to the business of the probability it will occur
  • Review the cost impacts of changes and incorporate impacts of approved changes into the project control budget and current cost forecast
  • Identify cost variances to approved budget via the Change Management Process and understand the Risk
  • Ensures that the project cost report reflects the correct value for approved changes and that the forecast final cost incorporates all approved changes
  • Develop, monitor and maintain overall Monthly Project Cost Reports
  • Work in conjunction with all department heads to ensure maximum profitability
  • Provide critical assessment of all budgets and cost projections
  • Assess all incoming products, resources, and services to ensure the best price
  • Maintain vendor and service provider relationships, organize all tendering procedures
  • Remain acutely aware of market trends that could impact resource costs
  • Provide planning and cost controlling support for all projects
  • Demonstrate a comprehensive understanding of the interdependency of cost drivers
  • Commit to maximizing efficiency at all levels without compromising quality
  • Develop and implement proactive solutions and cost-cutting measures
  • Roll out clear cost-saving programs with timelines and assessment goals
  • Report to the Technical Director



  • Management experience strongly preferred
  • Outstanding communication skills, both written and verbal
  • Solid networking and interpersonal skills
  • Able to generate budgets and reports
  • Strong presentation skills, able to explain concepts concisely and accurately
  • Excellent communication, organization, and supervisory skills essential
  • Able to develop strong, cooperative relationships with all departments
  • Creative thinking skills and ability to solve problems
  • Minimum 10 years of relevant experience
  • Knowledge of construction processes
  • Accuracy and attention to detail
  • Fluent in English (spoken and written). Greek language is a must


We offer:

  • Competitive compensation package
  • Provision of 13th salary
  • Career perspectives within a fast growing business environment
  • Challenging tasks and interesting projects

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