Cost Manager - KSA (f/m)

Deutsche Bahn AG; Jeddah; On-site; SAR 150,000 - 200,000; Full time

Job summary

A leading global railway company is seeking a Cost Manager to oversee financial performance and cost control of projects in Jeddah, KSA. Candidates should have 7+ years of experience in cost management and expertise in project management tools. Strong analytical skills and stakeholder management abilities are essential. This role provides an attractive compensation package and opportunities for career growth in international teams.

Benefits

Competitive compensation package

Relocation and immigration assistance

Career opportunities worldwide

Qualifications

• Minimum 7+ years of experience in project cost control/management, ideally in infrastructure.
• Proven expertise in PMT and related timesheet systems.
• Familiarity with Saudi/GCC client reporting requirements.

Responsibilities

• Develop, monitor, and maintain project cost baselines and budgets.
• Manage and oversee timesheet submission workflows.
• Act as primary interface between project managers and finance teams.

Skills

Cost management

Stakeholder management

Analytical skills

Problem-solving

Team collaboration

Education

Bachelor’s degree in Finance, Business Administration, Engineering, or related field

Master’s degree

Tools

PMT (Project Management Tools)

ERP systems

Excel

Power BI

Job description

Overview

DB Engineering & Consulting (DB E&C) is part of the DB group, a world-leading global railway company. Our company offers technically sophisticated and customized infrastructure, mobility, and transport solutions. The role is for a Cost Manager as part of DB Engineering & Consulting GmbH, KSA Branch. The position is located in Jeddah, KSA and focuses on overseeing the financial performance and cost control of complex projects, with potential for career growth.

Responsibilities

Cost Management & Control

• Develop, monitor, and maintain project cost baselines, forecasts, and budgets.
• Ensure cost alignment with contractual requirements, project objectives, and client expectations.
• Perform variance analysis between planned and actual costs, identifying risks and recommending corrective actions.

Timesheet & Resource Tracking

• Manage and oversee the timesheet submission and approval workflow across all project resources.
• Ensure accuracy and compliance of timesheets with project codes, billing requirements, and contractual frameworks.
• Train and support project staff in proper use of timesheet processes.
• Project Management Tools (PMT): Serve as the focal point for PMT cost and resource modules, ensuring data integrity and timely reporting.
• Configure and maintain project structures (work breakdown structures, cost codes, resource allocations) within PMT.
• Generate weekly and monthly cost reports directly from PMT for internal and client reporting.

Stakeholder Management

• Act as primary interface between project managers, finance teams, and client representatives on all cost-related matters.
• Provide advice on contractual cost implications and change order evaluations.

Qualifications

• Bachelor’s degree in Finance, Business Administration, Engineering, or related field; Master’s degree is an advantage.
• Minimum 7+ years of experience in project cost control/management, ideally within infrastructure, engineering, or consulting industries.
• Proven expertise in PMT (Project Management Tools) and related timesheet systems.
• Strong knowledge of time & materials contracts, resource billing models, and project accounting standards.
• Proficiency in Excel, ERP systems, and reporting tools (Power BI preferred).
• Excellent communication and stakeholder management skills.
• Strong analytical and problem-solving abilities with attention to detail.
• Background in railway, infrastructure, or large-scale engineering projects.
• Experience with multicultural teams and international projects.
• Familiarity with Saudi/GCC client reporting requirements (if role is based in the Middle East).

We offer attractive working conditions and a competitive compensation package based on country conditions.

With more than 5,000 employees from over 80 countries across all engineering disciplines worldwide, we are shaping railways for the world of tomorrow. A strong team spirit, intercultural mindset and engagement are essential parts of our success.

We offer attractive career opportunities worldwide. You will work on complex and innovative projects in international teams on all continents and engage with markets and people globally. We also provide relocation and immigration assistance to ensure a smooth start for international employment.

We invest in the development of our employees through a global onboarding program and intercultural training to support the next career step. Our international security support ensures safe working conditions worldwide and provides relevant information for safe living around the globe.

If you match the profile and are interested in a complex task within the transport sector, we look forward to receiving your application. Please state your earliest possible availability as well as your salary expectations. Your application will be saved and used in electronic form as part of the application process for this position. Thank you for considering DB Engineering & Consulting as a prospective employer!