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SR. Engineer Cost Control | alfanar Building Systems

alfanar
Riyadh, KSA
Full-time
Mid-Senior
Onsite
Discovered 6 days ago
Project budgetingCost controlCost forecastingCash flow projectionsVariance analysisEarned Value Management (EVM)

Full Job Posting

Job purpose

Oversee project financial performance through cost management, budgeting, forecasting, and reporting.

Monitor project costs, identify potential overruns, and work with project teams on corrective actions and financial control.

Key accountabilities

  • Lead project budget development and maintenance across labor, materials, equipment, subcontractors, and other costs.
  • Monitor expenditure against budgets, analyze variances, and report findings to senior management.
  • Update forecasts, assess financial risks, and recommend cost-control measures.
  • Manage scope and budget changes, documenting and securing approval and assessing financial impacts.
  • Use EVM to assess cost performance and deviations from financial targets.
  • Coordinate schedules, milestones, and resource requirements with Planning and Scheduling teams.
  • Prepare periodic cost reports, forecasts, and management presentations.
  • Meet operational and development targets, use resources efficiently, report progress, and escalate complex issues.
  • Support quality processes, written procedures, and automation; comply with policy and HSE controls.

Technical skills

  • Strong knowledge of project budgeting, cost control, cost forecasting, cash flow projections, and variance analysis.
  • Practical EVM experience, including CPI and project cost performance analysis.
  • Proficiency in SAP ERP and advanced Microsoft Excel for cost tracking, analysis, modelling, and reporting.
  • Experience with variation management, cost allocation, and WBS.
  • Power BI or equivalent dashboarding, CCP or PMP certification, and experience in subcontractor cost management, invoice verification, quantity surveying, or contract administration are advantageous.
  • Knowledge of revenue recognition, financial risk analysis, cost optimization, and PMO reporting for large construction or real estate projects is advantageous.

Qualifications and experience

  • Bachelor's degree in Civil Engineering or a relevant field.
  • Work experience is stated as both 6 to 10 years and 10–15 years.

Role accountability

Support delivery, problem-solving, quality, business process improvement, compliance, and health, safety, and environmental requirements.

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