Lead Cost Control Engineer

Elegancia Arabia; Riyadh; On-site; SAR 250,000 - 350,000; Full time

Job summary

Elegancia Arabia is seeking a Lead Cost Control Engineer to oversee cost control for high-end fit-out and finishing projects in Riyadh. You will lead budgeting, CVR, and cost reporting across pre-construction to completion, coordinating with PMs, QS, and finance to manage risks and profitability.

The role requires 8–10 years of cost engineering experience, proficiency in Primavera P6, EcoSys, and SAP, and strong English communication skills.

Qualifications

• Bachelor's degree in Engineering, Construction Management, Finance, or related field.
• Minimum 8–10 years progressive experience in cost engineering and control, preferably in Oil & Gas, Construction, or Infrastructure.
• Proven track record of managing costs on large-scale, complex projects.
• Expert proficiency in cost management software (e.g., Primavera P6, EcoSys, SAP) and advanced Excel.
• Strong understanding of project management principles, contract administration, and financial reporting.
• Excellent analytical, problem-solving, and critical thinking abilities.
• Excellent communication, negotiation, and interpersonal skills with ability to influence stakeholders.
• Fluency in English; other languages a plus.

Responsibilities

• Lead the cost control function across finishing and fit-out projects from pre-construction through completion.
• Establish budgets, baselines, cost codes, and cost control procedures.
• Monitor commitments, actual costs, accruals, forecasts, and remaining costs.
• Prepare and maintain CVR and monthly cost reports.
• Track expenditures against budgets and identify overruns and risks.
• Analyze variances and recommend corrective actions.
• Coordinate with PMs, QS, Commercial, Procurement, Finance, and Planning.
• Prepare EAC and ETC forecasts and monitor cash flow.
• Review subcontractor costs and their impact on profitability.
• Provide leadership to junior cost control staff and participate in project reviews.

Skills

Cost Control

Budgeting

Forecasting

CVR

Cost Analysis

Stakeholder Mgmt

Excel

Primavera P6

SAP

Contract Admin

Education

Bachelor's degree in Engineering

Construction Management

Finance

Tools

Primavera P6

EcoSys

SAP

Job description

Lead the cost control function across assigned finishing and fit-out projects from pre-construction through completion

• Establish project budgets cost baselines cost codes and cost control procedures
• Monitor project commitments actual costs accruals forecasts and remaining costs
• Prepare and maintain strong Cost Value Reconciliation CVR strong and monthly cost reports
• Track project expenditure against approved budgets and identify cost overruns and potential financial risks
• Analyze cost variances and provide recommendations for corrective actions
• Monitor subcontractor and supplier commitments purchase orders variations and payment applications
• Review and evaluate strong variations change orders claims and additional works strong from a cost perspective
• Coordinate closely with Project Managers Quantity Surveyors Commercial Teams Procurement Finance and Planning departments
• Prepare strong Estimate at Completion EAC strong and strong Estimate to Complete ETC strong forecasts
• Monitor project cash flow and ensure alignment between planned and actual expenditure
• Review subcontractor costs and assess their impact on overall project profitability
• Support commercial teams in evaluating the financial impact of design changes scope changes and client instructions
• Identify potential cost-saving opportunities while maintaining project quality and contractual requirements
• Prepare management reports highlighting project financial performance risks trends and forecasts
• Ensure accurate and timely submission of monthly project cost reports
• Establish appropriate cost control measures and ensure compliance with company policies and procedures
• Provide leadership and guidance to junior cost control engineers and project controls personnel
• Participate in project review meetings and provide cost-related insights to senior management

Bachelor's degree in Engineering, Construction Management, Finance, or a related field.

• Minimum of 8-10 years of progressive experience in cost engineering and control, preferably within the [Specify Industry, e.g., Oil & Gas, Construction, Infrastructure] sector.
• Proven track record of successfully managing costs on large-scale, complex projects.
• Expert proficiency in cost management software (e.g., Primavera P6, EcoSys, SAP) and advanced Excel skills.
• Strong understanding of project management principles, contract administration, and financial reporting.
• Exceptional analytical, problem-solving, and critical thinking abilities.
• Excellent communication, negotiation, and interpersonal skills, with the ability to influence stakeholders at all levels.
• Fluency in English; knowledge of [Specify other languages if applicable, e.g., Spanish, French] is a plus.
• Ability to work under pressure, manage multiple priorities, and meet tight deadlines in a dynamic environment.

Preferred Candidate Profile

The ideal candidate will be someone who has progressed from Cost Control Engineer / Project Controls Engineer to a Lead-level position and has independently managed cost control for complex fit-out or finishing projects.

Candidates with experience in hospitality, luxury hotels, high-rise buildings, commercial developments, retail, and large-scale interior fit-out projects in KSA/GCC will be strongly preferred.

KSA-based candidates with immediate or short-term availability are highly preferred.