Cost Control Engineer

Hill International; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A global project management company in Riyadh is seeking a Cost Control Manager to develop and implement financial management strategies. The ideal candidate will have over 10 years of experience in project cost management, supporting major initiatives while ensuring compliance with company policies. Proficiency in both Arabic and English is required, alongside strong communication and negotiation skills. This role offers a dynamic work environment in Saudi Arabia.

Qualifications

• 10+ years experience in related field on national/international initiatives.
• Ability to present budgeting plans and negotiate with stakeholders.
• Extensive knowledge of project cost management.

Responsibilities

• Develop and implement cost control strategies.
• Monitor and analyze financial data for cost-saving opportunities.
• Prepare financial reports and budget forecasts.

Skills

Cost control strategies

Financial analysis

Communication in Arabic and English

Education

Bachelor / Master Degree in Accounting or Engineering

Job description

Overview

• Develop and implement cost control strategies and procedures to ensure effective financial management
• Monitor and analyze financial data to identify cost-saving opportunities and improve profitability
• Prepare and present financial reports, budget forecasts, and variance analysis to senior management
• Coordinate with project managers and department heads to track and control project costs
• Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits
• Conduct regular audits of financial records and procedures to identify and resolve discrepancies
• Train and mentor cost control staff to ensure their understanding of cost control processes and procedures
• Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency
• Stay updated on industry trends, regulations, and best practices in cost control and financial analysis
• Provide guidance and support to the finance team on cost control matters
• Informs themselves of the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures in place within Hill International, and ensures continued compliance with these requirements while employed by Hill.
• Perform other duties as assigned by the line manager/supervisor.

Qualifications, Experience, Knowledge and Skills

• Bachelor / Master Degree in Accounting or Engineering from an accredited university.
• Minimum 10 years experience in related field on national / international major initiatives and developments.
• Extensive knowledge and experience in project cost.
• Extensive experience in managing and prioritizing projects costs.
• Ability to present budgeting plans and requirements to senior management and other government authorities.
• Ability to negotiate with multiple stakeholders to secure cost for projects
• Capable to fluently communicate in Arabic and English
• Excellent Verbal and written communication skills.