Cost Control Engineer | Electrical Substation Construction | Saudi Arabia

Rawaj HCM Jobs; Riyadh; On-site; SAR 120,000 - 180,000; Full time

Job summary

A leading company in the energy sector seeks a Cost Control Engineer to oversee financial planning and performance monitoring for major infrastructure projects. The ideal candidate will have strong analytical skills and extensive experience in cost management, particularly in electrical infrastructure projects. This role offers the opportunity to contribute to significant projects across Saudi Arabia, ensuring financial health and compliance.

Qualifications

• 10-15 years of experience in cost management for construction projects.
• Proven experience in budget control and change order management.
• Relevant certifications such as PMP or Certified Cost Engineer are a plus.

Responsibilities

• Manage change order processes and budget control.
• Utilize Power BI for dynamic dashboards and cost reports.
• Conduct cost control reviews and document performance.

Skills

Analytical skills

Problem-solving

Communication

Data visualization

Education

Bachelor’s Degree in Electrical Engineering

Bachelor’s Degree in Civil Engineering

Bachelor’s Degree in Construction Management

Tools

Power BI

Project management software

Job description

Leverage your abilitiesand join the dynamic team ofa great leader in the energysector, with over 20 years of excellence in the turnkey construction and management of electromechanicaland solarprojects across the Kingdom of Saudi Arabia.

With a prestigious portfolio of high-voltage substations, transmission lines (UG & OHL), underground cable systems, solar power installations, and power generation projects,they are a trusted name in construction and energy infrastructure.

As a Cost Control Engineer , you are a key player in the financial planning and performance monitoring of major infrastructure projects. You will bring strong analytical capabilities and hands-on experience in project planning, cost control, and performance reporting.

Key Accountabilities

• Manage change order processes to accurately capture and control scope and cost modifications.
• Develop, implement, and maintain budget control and cost control templates to ensure consistent and accurate monitoring.
• Utilize Power BI to create dynamic dashboards and periodic cost control reports, enabling real-time project financial insights.
• Prepare detailed cost reports and presentations for management, highlighting financial status, variances, and overall project performance.
• Conduct regular cost control reviews, analyze variances, and proactively identify potential issues.
• Implement and refine methods and best practices for effective cost control to optimize project financial health.
• Monitor and control project costs against budgets, ensuring compliance and proactive management.
• Document and report on cost performance, highlighting significant complications and recommending corrective actions.
• Support project planning with financial insights and assist in forecasting, budget adjustments, and financial planning.

Knowledge, Skills, and Experience

• Bachelor’s Degree Electrical Engineering, Civil Engineering, Construction Management, or related fields)
• 10-15 years of experience in the same field.
• Proven experience in change order process management, budget control, and cost management for electrical substation or similar construction projects.
• Strong proficiency in Power BI for data visualization and reporting.
• Experience developing and managing cost control templates, periodic reports, and dashboards.
• Excellent analytical and problem-solving skills, with effective communication capabilities.
• Ability to swiftly identify and address project complications.
• Familiarity with project management software and financial systems.
• Relevant certifications such as PMP or Certified Cost Engineer are a plus.
• In-depth knowledge of industry best practices inelectrical infrastructure project cost control.