Cost Controller/ Cost Engineer

坯潤; Al Khobar; On-site; SAR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Cost Controller or Cost Engineer to join their dynamic team in Al Khobar. This role involves preparing detailed cost estimates, monitoring project costs, and conducting financial reporting to ensure alignment with budgets. The ideal candidate will have a degree in Quantity Surveying or Accounting, with a minimum of 5 years of experience in a similar role. Join a global leader in consulting and engineering, where your contributions will help unlock solutions to critical challenges in energy and materials markets. This is an exciting opportunity to make a significant impact in a collaborative environment.

Qualifications

• Minimum 5 years’ experience in a similar role with a focus on CVR.
• Strong proficiency in CVR processes and financial reporting.

Responsibilities

• Prepare detailed cost estimates, budgets, and forecasts for construction projects.
• Conduct interim valuations and manage applications for payment.

Skills

Cost Management

Financial Reporting

Risk Management

Analytical Skills

Communication Skills

Education

Degree in Quantity Surveying

Professional certifications (e.g., RICS, ACA, ACCA, CIMA)

Tools

Sage

Xero

MS Excel

Job description

Job Description

Wood is currently looking for a Cost Controller or Cost Engineer to join our team in Al Khobar, Saudi Arabia.

Responsibilities

Key Responsibilities:

Cost Management

• Prepare detailed cost estimates, budgets, and forecasts for construction projects.
• Monitor and manage project costs, ensuring they align with budgets.
• Identify and evaluate cost-saving opportunities.

Cost Value Reconciliation (CVR)

• Perform regular CVR analysis to compare actual costs against forecasted values.
• Track project performance, profitability, and variances.
• Provide actionable insights and recommendations to project teams and stakeholders.

Project Valuations

• Conduct interim valuations and manage applications for payment.
• Prepare and submit accurate project valuation reports to clients.

Procurement and Contract Management

• Assist with procurement processes, including tendering and negotiation.
• Review, draft, and manage contracts, ensuring compliance with terms and conditions.
• Manage subcontractor accounts, valuations, and payments.

Financial Reporting

• Prepare and analyze project financial reports, including profit/loss assessments.
• Ensure alignment with financial regulations and company policies.
• Collaborate with the finance team to support month-end and year-end reporting.

Risk Management

• Identify financial and operational risks and propose mitigation strategies.
• Ensure projects are delivered on time and within budget.

Collaboration and Communication

• Work closely with project managers, site teams, and other stakeholders.
• Present financial data and CVR findings to senior management.
• Provide guidance to team members on cost control and reporting practices.

Qualifications

• Degree in Quantity Surveying, Accounting, or related field.
• Professional certifications (e.g., RICS, ACA, ACCA, CIMA) are advantageous.
• Proven experience in quantity surveying and/or accounting, with a focus on CVR.
• Minimum 5 years’ experience in a similar role.
• Develop and update Cost Value Reconciliations (CVR) for all projects.
• Strong proficiency in CVR processes and financial reporting.
• Proficiency in financial and project management software (e.g., Sage, Xero, MS Excel).
• Knowledge of relevant standards, regulations, and practices in quantity surveying and accounting.
• Excellent analytical and problem-solving skills.
• Strong attention to detail and organizational abilities.
• Effective communication and interpersonal skills.
• Ability to work independently and as part of a team.

About Us

Wood is a global leader in consulting and engineering, helping to unlock solutions to critical challenges in energy and materials markets. We provide consulting, projects, and operations solutions in 60 countries, employing around 35,000 people. www.woodplc.com

Diversity Statement

We are an equal opportunity employer that recognizes the value of a diverse workforce. All suitably qualified applicants will receive consideration for employment based on objective criteria without regard to race, color, age, religion, gender, national origin, disability, sexual orientation, gender identity, veteran status, or other characteristics as per governing laws.