Contract Review & Cost Compliance Manager

久位; Saudi Arabia; On-site; SAR 180,000 - 250,000; Full time

Job summary

A leading defense company in Saudi Arabia is seeking a Contract Review & Cost Compliance Manager who will be responsible for financial assessments of capital contracts, risk management, and optimizing commercial outcomes. The role requires a strong background in finance and contract management, with proven leadership capabilities to mentor specialists and analysts. This managerial position demands a strategic thinker capable of managing multiple priorities in a fast-paced environment.

Qualifications

• 7+ years in finance with a focus on planning & analysis.
• Strong project control and contract management experience.
• Relevant certifications like CPA, ACCA, or similar are preferred.

Responsibilities

• Lead financial and commercial assessments of capital contracts.
• Identify financial risks related to contracts and ensure compliance.
• Provide in-depth financial analysis of projects, ensuring cost optimization.

Skills

Financial Planning & Analysis

Commercial Management

Contract Management

Stakeholder Management

Risk Management

Project Control

Education

Bachelor's degree in Finance

Master's degree preferred

Relevant certifications in Project Management (PMP)

Job description

Contract Review & Cost Compliance Manager NEOM

The Contract Review & Cost Compliance Manager is responsible for carrying out the financial and commercial assessment of capital contracts within the organization. This role ensures that all financial aspects of contracts are compliant with company policies and aligned with the organization's strategic goals. The Manager will lead and perform the review of financial risks, cost effectiveness, cost control measures, and ensure that project and contract proposals meet financial performance targets. The Manager will need to ensure work done is appropriately captured in financial systems and accounting records.

This role will also focus on enhancing the efficiency and effectiveness of contract reviews, collaborating closely with project management, legal, procurement, and operations teams to optimize commercial outcomes for the business.

REQUIREMENTS SUMMARY

Contract and Commercial Review: Lead a comprehensive review of all project-related contracts and agreements. Assess commercial terms and conditions, financial risks, and opportunities within contracts. Ensure all contracts align with the company s financial objectives, budget, and compliance policies. Develop and implement a framework for continuous improvement in commercial review processes. Provide pre and post contract services including cost planning and value engineering, contract administration, payment and final account reconciliation, change control and project liaison.

Risk Management and Compliance: Identify potential financial risks related to contracts and ensure solutions are in place to mitigate them. Ensure compliance with internal financial policies, industry standards, and relevant regulations. Work with legal and compliance teams to ensure that all contractual obligations are fully understood and adhered to.

Financial Analysis and Cost Control: Provide in-depth financial analysis of projects and contracts, including payment terms, use case, cost effectiveness, and cost optimization. In conjunction with ETSD (Engineering Technical Standards Department), ensure robust cost estimation and in collaboration with Strategic Finance and FP&A, ensure that the budget allocation processes is in line with the Strategic Plan and that costs are tightly controlled. Track and monitor financial capital life cycle cost of ongoing projects, identifying variances from the plan and ensuring corrective actions are implemented.

Leadership and Stakeholder Management: Lead, mentor, and develop a team of commercial review specialists and finance analysts. Collaborate with project management, procurement, operations, and legal teams to align commercial strategies with business objectives. Present findings and recommendations to senior management and relevant stakeholders.

Process Optimization and Reporting: Continuously evaluate and enhance the commercial review process for efficiency and accuracy. Ensure work done is appropriately captured in financial systems and accounting records. Develop and maintain comprehensive financial reporting systems for project and contract reviews. Implement best practices in project financial management, ensuring timely and accurate reporting.

ROLE COMPETENCIES & ACTIVITIES

The Contract Review & Cost Compliance Manager responsibilities will include, but not be limited to:

Stakeholder Management

Analyze stakeholders needs, interests, and influence to prioritize engagement strategies.

Develop and implement stakeholder engagement plans tailored to different stakeholder groups.

Build and maintain strong relationships with stakeholders through regular communication and meetings.

Act as the primary point of contact for stakeholders, addressing their concerns and providing updates on relevant activities.

Manage the dissemination of information, ensuring timely and accurate communication.

Work closely with internal teams, including communications, project management, and legal, to ensure stakeholder interests are aligned with organizational objectives.

Identify and address potential conflicts or issues with stakeholders proactively.

Mediate disputes or misunderstandings, ensuring that resolutions are in the best interest of both the stakeholders and the organization.

EXPERIENCE & QUALIFICATIONS

Knowledge, Skills and Experience

• 7+ years of experience in finance, with a focus on financial planning & analysis, performance management, or financial reporting.
• Strong project control, commercial management and contract management experience, most likely in construction or a capital-intensive industry.
• Previous experience managing the financial performance of multiple business units or subsidiaries is essential.
• Strong understanding of financial analysis and reporting processes.
• Proven track record of successfully managing relationships with diverse stakeholder groups.
• Strong strategic thinking and problem-solving abilities.
• Ability to manage multiple priorities and work under pressure.
• High level of emotional intelligence and diplomacy.

Qualifications

• Bachelor s degree in Finance, Accounting, Business Administration (Master s degree preferred), Quantity Surveying or a related field.
• Relevant certifications in Project Management (PMP), Quantity Surveying (MRICS), Finance/Accounting/Auditing (CPA, ICAEW, ICAI, ICAP, ACCA, CMA, ACA, CA, CIA, CISA, CFE or similar).

Company Industry

• Defence
• Military
• Government

Department / Functional Area

• Accounts
• Taxation
• Audit
• Company Secretary

Keywords

• Contract Review & Cost Compliance Manager

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