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.
Budgeting and Cost Control
- Lead annual OPEX and CAPEX budget preparation with department heads.
- Review and validate financial data from departments for accuracy and completeness.
- Develop the budget template, timelines, guidelines and procedures.
- Develop the annual traffic forecast with the Slots Department for budgeting.
- Monitor cost vs. budget for each project and department and propose mitigation plans.
- Analyze cost drivers and identify savings and efficiency opportunities.
- Maintain cost control systems in the ERP with correct WBS, cost centers and internal orders.
- Validate all fixed asset capitalization before ERP recording.
- Drive automation of budget reporting and reduce manual consolidation time.
- Establish cost control policies, approval matrices and guidelines for project controls.
- Partner with Procurement on contract commitments, accruals and PO tracking.
- Support internal and external audits on budget, accruals, CAPEX capitalization and project finance reporting.
Financial Modeling and Reporting
- 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.
- Prepare the Board and Management Pack including KPI dashboards, cost trends, commitments vs. actuals and forecast outlook.
- Provide monthly, quarterly and annual budget performance reports to senior management.
- Ensure compliance with regulatory requirements and internal financial policies and procedures.
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).
Technical Skills
- 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.
Apply for this job in 1 click
Skip the repetitive application forms
Install the Base Career Chrome Extension and autofill job applications across major job boards with your profile.
Trusted by over 500,000 job seekers on Base Career
More from this employer
More jobs at Tibah Airports Operation
SMS Manager
Madinah, KSA
Tibah Airports is seeking an SMS Manager to lead and continuously improve its Safety Management System in line with applicable aviation requirements. The role oversees risk management, safety assurance, investigations, r