Commercial Manager

Al Ayuni Investment and Contracting Company; Riyadh; On-site; SAR 337,000 - 450,000; Full time

Job summary

A major contracting firm in Saudi Arabia seeks an experienced Commercial Manager/Sr. Quantity Surveyor. The ideal candidate will manage purchase orders, oversee subcontract performance, and ensure compliance with contract terms. Required qualifications include a Bachelor’s Degree, RICS certification, and 10-12 years of relevant experience, with 7-8 years in a similar role. Fluency in English is mandatory, and experience in the Gulf region is a plus.

Qualifications

• RICS qualification is mandatory with knowledge of FIDIC suites.
• 10-12 years of relevant experience, including 7-8 as a Commercial Manager or Sr. Quantity Surveyor.
• Experience in managing subcontracts is essential.

Responsibilities

• Manage Purchase Orders and Subcontracts for projects.
• Lead and monitor the performance of Commercial Officers and QS Site team.
• Prepare and submit Contractor’s monthly statements for approval.
• Maintain comprehensive tracking logs for all commercial activities.

Skills

RICS qualification

FIDIC suites knowledge

English Fluency

Commercial management

Cost reduction

Project performance monitoring

Education

Bachelor’s Degree

Job description

Policies, Processes & Procedures

• Adhere to organizational policies and procedures to ensure compliance and maintain a productive work environment.
• Implement and uphold safety and security protocols to protect the well-being of all employees and company assets.

Main Areas of Responsibility

1. Adhere strictly to the formats, flow charts, procedures and forms dictated by the Head Office Commercial team.
2. Manage Purchase Orders and Subcontracts issued by relevant departments to Vendors for the Project(s).
3. Lead and monitor the performance of Commercial Officers and QS Site team members at site and provide them with adequate guidance to discharge their tasks properly and in due time, while ensuring quality of deliverables.
4. Ensure that each member of the Commercial Officers and QS team members are running their tasks to the highest professional standards, that all information is current, and that all team members are receiving the appropriate information to fulfil their respective tasks.
5. Be aware (and keep updated) of Main Contract terms for rights and obligations including amendments thereto, and comply with each of Vendors Subcontract terms as prescribed therein.
6. Ensure preparation and submission of Contractor’s monthly statements (Interim Payment Certificates-IPC) for review and approval of the Consultant/Engineer/Employer.
7. Review and validate each of Subcontractors’ monthly progress on back-to-back basis with Client’s certified works and issue Interim Payment Certificates to relevant subcontractors (and Suppliers as applicable).
8. Maintain comprehensive tracking logs and records for all commercial activities, including payments under the Main Contract and to Vendors, claims and variations, and all related correspondences with Suppliers and Subcontractors. Ensure these records are updated daily, securely dispatched, and aligned with Head Office formats and workflows.
9. Assess in coordination with Procurement department (as needed) and submit the cost claim associated with Variations as instructed by the Client or initiated by the Contractor in accordance with Main Contract terms and contractual time bars.
10. Assist the Contracts and Claims Manager at Site in the negotiation of claims and variations with the Client’s agents. (e.g. prepare actual cost sheets for claimed variations).
11. Assist the Contracts team in the preparation of EoT (Extension of Time) claims for associated costs.
12. Assist the Project Management team in the negotiation of variations with Subcontractors in line with the cost of claims approved by the Client; and prepare and issue Variation Orders (VOs) to Subcontractors upon approval by Contracts and Commercial department at Head Office.
13. Assist the Project Management team in drafting correspondences to Suppliers and Subcontractors including those in relation to Vendors’ claims or contra-charges (with the assistance and advice of the Contracts team as deemed necessary).
14. Identify opportunities for continuous improvement of commercial tasks, processes and practices, cost reduction and productivity improvement.
15. Monitor projects performance with respect to budgeted cost, cost to complete and demand forecasts, time over-runs to ensure timely execution of projects.
16. Coordinate and attend technical and commercial meetings with Client’s agents and Subcontractors.

Qualification

Bachelor’s Degree .

Other Requirements

• RICS qualification with FIDIC suites knowledge and English Fluency must.
• Experience in management of subcontracts is mandatory.
• Experience in Gulf Region is must. Experience in the Kingdom with Government entities is an advantage.

Years of Experience

• 10 -12 years of relevant experience out of which 7 - 8 years as Commercial Manager / Sr. Quantity Surveyor, having handled the commercial management of Infrastructure Mega projects or multi-projects