Cost Controller

Randstad (Schweiz) AG; Riyadh; On-site; SAR 100,000 - 120,000; Full time

Job summary

A global recruitment agency in Riyadh is seeking a seasoned Senior Cost Controller to manage project cost performance across large-scale projects. The ideal candidate will have over 10 years of experience in cost control with strong skills in financial analysis, collaboration with engineering teams, and advanced proficiency in tools like Excel and Power BI. This position offers a strategic role in ensuring budget adherence and effective financial reporting.

Qualifications

• 10+ years of proven experience in cost control/project controls, ideally in construction or engineering.
• Expertise in earned value management (EVM) and financial performance analysis.

Responsibilities

• Oversee and manage the full cost control cycle for large-scale projects.
• Monitor project budgets and ensure cost compliance.
• Lead preparation of financial reports and dashboards.

Skills

Cost management methodologies

Project lifecycle understanding

Analytical skills

Leadership skills

Communication skills

Education

Bachelor’s degree in Engineering, Finance, Quantity Surveying, or a related field

Tools

Microsoft Excel

Power BI

SAP

Oracle

Job description

Job Summary:

We are looking for a seasoned Senior Cost Controller with over 10 years of experience in managing and overseeing project cost performance across complex and large-scale projects. The ideal candidate will play a strategic role in ensuring budget adherence, conducting in-depth financial analysis, and supporting decision-making through accurate and timely cost reporting. The role demands strong collaboration with planning, procurement, and engineering teams to proactively manage and mitigate financial risks.

Key Responsibilities:

• Oversee and manage the full cost control cycle for large-scale and multi-disciplinary projects.
• Monitor project budgets, track actual expenditures against approved estimates, and ensure cost compliance.
• Analyze cost variances and provide actionable insights and technical recommendations to maintain financial control.
• Lead the preparation of comprehensive financial reports, cost forecasts, and dashboards using Excel and Power BI.
• Utilize ERP systems (such as SAP, Oracle, or similar) to record, monitor, and control project-related costs and commitments.
• Evaluate actual quantities and costs executed on-site and compare with baseline budgets and BOQs.
• Collaborate with planning, procurement, and engineering teams to assess the cost impact of design changes and procurement strategies.
• Review and verify contractor invoices, variation orders, and change requests against contract terms and planned quantities.
• Prepare and update project cash flow forecasts to support financial planning and funding requirements.
• Ensure full alignment of costs with project scope, contractual terms, and payment conditions.
• Support integration between cost control and project scheduling for accurate earned value reporting and performance tracking.
• Mentor junior cost engineers and provide guidance in best practices for cost management and reporting.

Qualifications & Skills:

• Bachelor’s degree in Engineering, Finance, Quantity Surveying, or a related field.
• 10+ years of proven experience in cost control/project controls, ideally in the construction, infrastructure, or engineering sectors.
• Advanced proficiency in Microsoft Excel, Power BI, and enterprise ERP systems (e.g., SAP, Oracle).
• Strong understanding of cost management methodologies, project lifecycle, and quantity tracking techniques.
• Expertise in earned value management (EVM), cash flow forecasting, and financial performance analysis.
• Excellent analytical, organizational, and leadership skills.
• Ability to communicate complex financial data effectively with both technical and non-technical stakeholders.

Preferred:

• Professional certification such as Certified Cost Professional (CCP) from AACE or PMP.
• Experience working on mega projects in sectors such as oil & gas, infrastructure, or EPC.