Engineer I, Budget & Cost Control (Saudi Nationality)

AL-AYUNI Investment and Contracting Company; Saudi Arabia; On-site; SAR 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a skilled financial analyst to manage project budgets and costs effectively. This role involves developing and reviewing budgets, monitoring costs, and preparing comprehensive financial reports. The ideal candidate will have a strong background in engineering or construction, with at least 5 years of relevant experience. You will collaborate with project managers to ensure financial goals are met while maintaining compliance with organizational standards. If you are detail-oriented and possess excellent analytical and communication skills, this opportunity is perfect for you.

Qualifications

• 5+ years of experience in a similar role, preferably in engineering or construction.
• Proficiency with financial software and project management tools.

Responsibilities

• Develop and review project budgets, ensuring effective resource allocation.
• Prepare financial reports and conduct in-depth financial analysis.

Skills

Analytical Skills

Communication Skills

Decision-Making Ability

Attention to Detail

Education

Bachelor's degree in Engineering

Bachelor's degree in Finance

Bachelor's degree in Business Administration

Tools

Excel

ERP systems

Project management tools

Job description

Responsibilities:

1. Budget Development and Review: Develop, review, and update project budgets and cost estimates to ensure effective resource allocation.
2. Cost Monitoring: Track budget performance and actual costs versus forecasts, identifying and addressing variances.
3. Financial Reporting: Prepare accurate and comprehensive financial reports regarding costs and budgets, including variance analysis and providing recommendations for improvement.
4. Cost Analysis: Conduct in-depth financial analysis of projects, including forecasting future costs, and assist in making investment decisions based on these analyses.
5. Contract and Vendor Management: Coordinate with suppliers and contractors to ensure they adhere to the agreed-upon budget and effectively manage contracts.
6. Cost Optimization: Develop and implement strategies to reduce costs while maintaining project quality and specifications.
7. Collaboration with Teams: Work closely with project managers and other teams to ensure all activities align with financial goals of the projects.
8. Compliance with Standards: Ensure all financial activities and policies are in compliance with the organization's procedures.

Minimum Requirements:

1. Education: Bachelor's degree in Engineering, Finance, Business Administration, or a related field.
2. Experience: At least 5 years of experience in a similar role, preferably in an engineering, construction, or project management environment.
3. Technical Skills: Proficiency with financial software (e.g., Excel, ERP systems), and project management tools.
4. Analytical Skills: Ability to conduct complex financial analyses and provide actionable solutions.
5. Communication Skills: Excellent verbal and written communication skills for interacting with teams and vendors.
6. Decision-Making Ability: Ability to make strategic decisions that support the financial goals of projects.
7. Attention to Detail: High level of accuracy and attention to detail in all financial aspects and reporting.