Cost Control Engineer

UCC Holding; Riyadh; On-site; SAR 180,000 - 300,000; Full time

Job summary

UCC Holding is seeking a Cost Control Engineer in Riyadh to manage project budgets, monitor expenditures, and analyze cost variances to keep projects within approved financial limits. The role supports implementing cost control procedures, optimizing resources, and mitigating financial risks to sustain profitability and align with financial objectives across multi-project environments.

Collaborating with project teams, finance, and procurement; preparing periodic budget vs actual reports;

Qualifications

• Knowledge of CCS (Candy) for cost estimation preferred.
• Understanding of cost management, estimation and change control.
• MS Office proficiency; Primavera P6 knowledge is an advantage.
• Familiarity with multi-project resource planning.
• Basic understanding of project management principles and techniques.
• ERP knowledge, preferably SAP, is a plus.

Responsibilities

• Assist in developing and maintaining project budgets with PMs and stakeholders.
• Monitor expenditures against budgets and flag potential overruns.
• Perform variance analysis and recommend corrective actions.
• Prepare budget vs. actual reports and cost forecasts.
• Identify cost-related risks and opportunities; support mitigations.
• Ensure adherence to cost control procedures and policies.
• Coordinate with engineering and procurement to align costs with objectives.
• Maintain cost tracking systems and accurate expense recording.
• Contribute to improving cost control processes and best practices.
• Support HSE and IMS policy compliance in cost activities.

Skills

Cost estimating tools

Cost management

Change control

MS Office

Primavera P6

Multi-project planning

Project management basics

SAP (ERP)

Education

Bachelor's Degree in Civil Engineering or related

Tools

Primavera P6

SAP

Job description

The Cost Control Engineer is responsible for managing project budgets, monitoring expenditures, and analyzing cost variances to ensure projects are completed within approved financial limits. The role involves supporting the implementation of cost control procedures, optimizing resource allocation, and mitigating financial risks to maintain project profitability and alignment with financial objectives.

Job Responsibilities

• Assist in developing and maintaining project budgets in coordination with project managers and stakeholders.


• Monitor project expenditures against approved budgets and identify potential cost overruns.


• Perform variance analysis to identify deviations from planned costs and recommend corrective actions.


• Prepare periodic reports on project financial performance, including budget vs. actual analysis and cost forecasts.


• Support the identification of cost-related risks and opportunities, and contribute to mitigation strategies.


• Ensure adherence to cost control procedures, company policies, and financial regulations.


• Coordinate with project teams, including engineering and procurement, to align cost control activities with project objectives.


• Maintain cost tracking systems and ensure accurate recording of project expenses.


• Assist in improving cost control processes and adopting best practices for efficiency.


• Support HSE initiatives and comply with company safety and IMS policies.

Job Knowledge & Skills

• Knowledge of cost estimating tools such as CCS (Candy) is preferred.


• Understanding of cost management, estimation, and change control processes.


• Proficiency in MS Office applications; knowledge of Primavera P6 is an advantage.


• Familiarity with multi-project resource planning.


• Basic understanding of project management principles and techniques.


• ERP knowledge, preferably SAP, is an added advantage.

Job Experience

• Minimum 3-5 years of relevant experience in cost control or project finance.


• GCC experience is a plus.

Education

• Bachelor's Degree in Civil Engineering or a related Engineering discipline.