Cost Control Engineer

confidential; Jeddah; On-site; SAR 200,000 - 300,000; Full time

Job summary

A personal services firm in Saudi Arabia is seeking a skilled Cost Control Engineer. This role focuses on project budgeting, financial analysis, and maintaining cost efficiency across projects. Candidates should have proven experience in cost control and possess strong analytical and communication skills. The ideal candidate will be proficient in tools like Primavera and SAP, demonstrating a commitment to effective budget management and collaboration in team settings. This position offers an opportunity to significantly impact the organization's financial health.

Qualifications

• Proven experience as a Cost Control Engineer or similar in construction or personal services.
• Strong analytical skills with attention to detail in financial reporting.
• Excellent communication and interpersonal skills for team collaboration.
• Ability to work under pressure and meet tight deadlines.
• Strong problem-solving skills with a proactive approach.

Responsibilities

• Develop and maintain detailed project cost estimates and budgets.
• Monitor expenditures and analyze variances for cost overruns.
• Prepare and present financial reports to stakeholders.
• Collaborate with managers for effective cost control measures.
• Conduct market research to inform pricing strategies.

Skills

Cost Estimation

Budget Management

Financial Analysis

Project Management Software

Communication Skills

Education

Certifications in cost management or project management

Tools

Primavera

SAP

Job description

We are seeking a highly skilled and detail-oriented Cost Control Engineer to join our dynamic team in the personal services industry. This role is critical in ensuring that our projects are delivered on time and within budget, contributing to the overall success of our organization. The ideal candidate will have a strong background in cost estimation, budgeting, and financial analysis, with the ability to work closely with project managers and stakeholders to monitor and control project costs effectively. You will be responsible for developing cost control strategies, implementing best practices, and providing accurate financial reports to guide decision-making processes. A successful Cost Control Engineer will not only possess technical expertise but also demonstrate excellent communication and leadership skills, fostering collaboration among team members.

Responsibilities

1. Develop and maintain detailed project cost estimates and budgets to ensure financial viability.
2. Monitor project expenditures and analyze variances to identify potential cost overruns.
3. Prepare and present regular financial reports to project stakeholders, highlighting key metrics and trends.
4. Collaborate with project managers to implement effective cost control measures and strategies.
5. Conduct thorough market research to inform pricing strategies and ensure competitive bids.
6. Assist in the preparation of financial forecasts and project cash flow analyses.
7. Review and approve supplier invoices and ensure compliance with contractual agreements.
8. Identify opportunities for cost savings and efficiency improvements across projects.
9. Provide training and support to team members on cost control processes and tools.
10. Participate in project meetings and contribute to discussions on project performance and financial health.

Preferred Candidate

1. Proven experience as a Cost Control Engineer or similar role in the construction or personal services industry.
2. Strong analytical skills with a keen eye for detail and accuracy in financial reporting.
3. Excellent communication and interpersonal skills to effectively collaborate with diverse teams.
4. Proficiency in cost management software and tools, such as Primavera, SAP, or similar applications.
5. Ability to work under pressure and meet tight deadlines while maintaining high-quality standards.
6. Strong problem-solving skills with a proactive approach to identifying and mitigating risks.
7. Relevant certifications in cost management or project management (e.g., PMP, PMI-ACP) are highly desirable.
8. Solid understanding of project management principles and methodologies.
9. Ability to adapt to changing project requirements and prioritize tasks effectively.
10. Commitment to continuous professional development and staying updated on industry trends.

Skills

• Cost Estimation: The ability to accurately estimate project costs based on historical data, market trends, and project specifications is essential for effective budget management.
• Budget Management: Proficiency in creating and managing budgets ensures that projects stay within financial limits, optimizing resource allocation and minimizing waste.
• Financial Analysis: Strong analytical skills to assess financial reports, identify discrepancies, and provide actionable insights for cost control.
• Project Management Software: Familiarity with tools like Primavera or SAP enhances efficiency in tracking costs and managing project timelines.
• Communication Skills: Effective verbal and written communication skills are necessary for presenting financial data to stakeholders and facilitating team collaboration.