Cost Control Engineer

Yamama Cement Company; Riyadh Region; On-site; SAR 120,000 - 200,000; Full time

Job summary

Yamama Cement Company is seeking a Cost Control Engineer to join our team in the Riyadh region. The role focuses on applying cost control practices, analyzing financial data, and ensuring efficient utilization of resources to meet project objectives.

The candidate will review budgets, evaluate bids, conduct variance analyses, monitor expenditures, and maintain accurate cost records across construction or manufacturing projects. Strong Excel skills and cost-management experience are preferred.

Qualifications

• Bachelor's degree in Industrial, Mechanical or Civil Engineering or related field.
• Experience in cost control or project controls is preferred.
• Proficiency in MS Excel and cost management tools.

Responsibilities

• Review and analyze project budgets and cost estimates.
• Evaluate financial proposals and prepare cost comparisons.
• Conduct cost benchmarking and variance analysis.
• Review periodic cost reports submitted by contractors.
• Monitor budgets, commitments, expenditures against allocations.
• Assess change orders and their financial impact.
• Analyze the relationship between progress and expenditures.
• Verify material quantities against drawings and specifications.
• Maintain cost records, invoices and project financial documentation.
• Review bank guarantees and financial securities submitted by contractors.

Skills

Cost control

Project cost management

Analytical skills

Education

Engineering degree (Industrial/Mechanical/Civil)

Tools

Excel

Cost management tools

Job description

We are looking for a Cost Control Engineer to join our team. The successful candidate will support project cost management by applying cost control practices, analyzing financial data, and ensuring efficient utilization of resources to achieve project objectives.

Key Responsibilities:

• Review and analyze project budgets and cost estimates to ensure alignment with the approved scope of work.
• Evaluate contractors' financial proposals and prepare cost comparisons and recommendations.
• Conduct cost benchmarking and variance analysis against previous or similar projects.
• Review periodic cost reports and verify financial data submitted by contractors and consultants.
• Monitor project budgets, commitments, and expenditures against approved allocations.
• Assess change orders and evaluate their financial impact, providing recommendations for approval or rejection.
• Analyze the relationship between project progress and actual expenditures.
• Verify material quantities against approved drawings and specifications.
• Maintain accurate cost records, invoices, and project financial documentation.
• Review bank guarantees and financial securities submitted by contractors to ensure contractual compliance.

Qualifications:

• Bachelor's degree in Industrial Engineering, Mechanical Engineering, Civil Engineering, or a related field.

Preferred Qualifications:

• Experience in cost control, project cost management, or project controls.
• Strong analytical and financial reporting skills.
• Proficiency in Microsoft Excel and cost management/reporting tools.
• Experience in construction, industrial, or manufacturing projects is preferred.
• Excellent communication and problem-solving skills.