Cost Control Specialist
Role Overview
Owns the company's annual OPEX and CAPEX budget cycle and keeps spending on plan.
Builds and maintains financial models required by lenders, shareholders and the Grantor.
Tracks every project and department against budget and flags overruns early with a mitigation plan.
Ensures all costs are captured in line with IFRS, SOCPA and regulatory requirements.
Gives senior management and the Board clear, timely reporting on cost performance.
Key Skills for This Role
Full Job Posting
Job Purpose
Owns the company's annual OPEX and CAPEX budget cycle and keeps spending on plan.
Builds and maintains financial models required by lenders, shareholders and the Grantor.
Tracks every project and department against budget and flags overruns early with a mitigation plan.
Ensures all costs are captured in line with IFRS, SOCPA and regulatory requirements.
Gives senior management and the Board clear, timely reporting on cost performance.
Job Responsibilities
- Lead annual OPEX and CAPEX budget preparation with department heads; challenge assumptions and enforce alignment with corporate strategy.
- Review and validate financial data from departments to ensure accuracy and completeness.
- Develop the budget template, timelines, guidelines and procedures.
- Develop the annual traffic forecast in coordination with the Slots Department for budgeting purposes.
- Develop and update financial models for CAPEX projects in line with lender, shareholder and Grantor requirements.
- Work with Strategy and Treasury to develop financial models for new business and investment opportunities.
- Coordinate with lenders on project finance reporting, budget vs. actual and compliance certificates.
- Monitor cost vs. budget for each OPEX and CAPEX project and department; flag overruns early and propose mitigation plans.
- Analyze cost drivers and identify savings and efficiency opportunities.
- Maintain cost control systems in the ERP, ensuring WBS elements, cost centers and internal orders are set up correctly.
- Validate all fixed asset capitalization before it is recorded in the ERP.
- Prepare the Board and Management Pack, including KPI dashboards, cost trends, commitments vs. actuals and forecast outlook.
Requirements
- Bachelor's degree in finance, accounting, economics or a related field.
- Professional certification preferred: CMA, CPA, ACCA, SOCPA or CFA.
- Minimum 3 years in budgeting, cost control or FP&A, ideally in airports, infrastructure, aviation or a concession/PPP environment.
- Fluent in Arabic and English (required).
- Experience with ERP cost control modules (e.g. SAP CO/PS or Oracle), including WBS, cost centers and internal orders.
- Advanced Excel and financial modelling skills; experience with BI tools (e.g. Power BI) is an advantage.
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