Senior Cost Control Manager

Company Description

Job Description

• We are seeking a Senior Cost Control Manager to join one of our major project in Riyadh, Saudi Arabia.
• This role will focus on overseeing cost control activities, ensuring efficient resource allocation and financial performance.
• In this critical role, you will be responsible for overseeing cost management, design review, and budget control for large-scale infrastructure and construction projects.
• Develop and maintain comprehensive project budgets, ensuring accuracy and alignment with project goals
• Conduct detailed cost analyses and provide regular cost performance reports to stakeholders
• Provide cost performance analysis, interpretation and forecasting of cost performance against budgets
• Maintains the Program and Project Cost Breakdown Structure (CBS). Manage changes made to the structure of the CBS with version control.
• Support risk assessments and assist in development of mitigation strategies to minimize financial impacts
• Create and update financial models to forecast project costs and cash flows
• Collaborate with cross-functional teams to ensure project deliverables meet budget constraints
• Implement and maintain cost control systems to track project expenses and variances
• Provide expert advice on cost-related matters to project managers and senior leadership
• Stay current with local regulations and industry best practices in cost engineering
• Provide budget and cost performance evaluation, interpretation and support business planning efforts.

Qualifications

Additional Information

• 10-15 years of experience in cost engineering and cost reporting / management, preferably in large-scale infrastructure or major construction projects
• Extensive knowledge of cost engineering principles, PMO practices, and budget management
• Has led cost control teams and managed the cost function at a departmental level.
• Can support recruitment efforts in identifying. interviewing and deploying cost control staff into the project team.
• Strong proficiency in cost management software (Primavera systems, Excel)
• Excellent knowledge and skills in the areas of financial modeling, risk assessment, and contract management
• In-depth understanding of design review processes and their impact on project costs
• Familiarity with construction and engineering practices in Saudi Arabia
• Knowledge of local regulations and standards relevant to project costing and management
• Outstanding analytical and problem-solving skills with keen attention to detail
• Excellent English communication and interpersonal skills, with the ability to interact effectively with diverse stakeholders
• Proven ability to work under pressure and meet tight deadlines in a fast-paced environment
• Saudi nationals preferred; proficiency in Arabic (written and spoken) is required.