Lead Cost Engineer

Jasara Program Management Company; Saudi Arabia; On-site; SAR 600,000 - 1,200,000; Full time

Job summary

Jasara Program Management Company seeks a Lead Cost Engineer to guide portfolio‑level cost performance across major Saudi projects. You will own cost reporting, forecasts, and cash flow, ensuring robust substantiation for settlements and final accounts. Requires extensive experience with mega-projects, SAP/Oracle Unifier, and strong English communication.

Saudi GCC exposure preferred. You will partner with leaders to maintain rigorous cost governance, drive accuracy in accruals, and support

Qualifications

• Bachelor’s degree in Engineering or related discipline.
• 20+ years of experience in project controls and cost management.
• 10+ years on major projects in Saudi Arabia or the GCC.
• Experience with mega-projects or multi-billion SAR portfolios and high contract volumes.
• Experience with SAP and Oracle Unifier; advanced Excel and dashboard tools.
• English proficiency for client-facing interactions.

Responsibilities

• Own portfolio-wide cost reporting and monthly cost control cycles.
• Manage budgets, allocations, transfers, and cost coding across contracts.
• Develop detailed forecasts, forecast-at-completion positions, and closeout projections.
• Oversee monthly accrual validation, reconciliation, aging reviews, and clearing of unsupported items.
• Track commitments, actuals, liabilities, settlements, and exposure through contract closure.
• Prepare cash flow forecasts and funding requirements for termination, demobilization, preservation, settlement, and closeout.
• Reconcile SAP, Oracle Unifier, commercial records, and project reporting data.
• Lead cost inputs for weekly and monthly reports, dashboards, and presentations.
• Provide cost substantiation for claims, disputes, settlements, and final account reviews.
• Establish reporting templates, controls, and audit trails.
• Explain movements across budgets, commitments, accruals, actuals, cash flow, and forecasts.
• Support portfolio reviews and senior stakeholder discussions.

Skills

Cost control

Budget management

Forecasting

Stakeholder communication

English proficiency

Education

Bachelor’s degree in Engineering/Construction Management/Quantity Surveying/Project Management/Business/Finance

Tools

SAP

Oracle Unifier

Excel

Job description

Jasara Program Management Company is a joint venture between Public Investment Fund, Jacobs, and Saudi Aramco, delivering social infrastructure programs in Saudi Arabia in support of Vision 2030. Working at the intersection of program management, construction, and national-scale delivery, the company plays a key role in shaping complex infrastructure initiatives with strong governance, commercial discipline, and long-term impact.

As a Lead Cost Engineer, you will help steer portfolio-level cost performance across major programs, bringing structure, rigor, and clear insight to complex financial and commercial environments. This role is central to supporting informed decision-making across project and leadership teams, ensuring cost positions are well understood, well substantiated, and aligned with the broader objectives of program delivery.

Responsibilities

• Own portfolio-wide cost reporting and monthly cost control cycles.
• Manage budgets, allocations, transfers, and cost coding across contracts.
• Develop detailed forecasts, forecast-at-completion positions, and closeout projections.
• Oversee monthly accrual validation, reconciliation, aging reviews, and clearing of unsupported items.
• Track commitments, actuals, liabilities, settlements, and exposure through contract closure.
• Prepare cash flow forecasts and funding requirements for termination, demobilization, preservation, settlement, and closeout.
• Reconcile SAP, Oracle Unifier, commercial records, and project reporting data.
• Lead cost inputs for weekly and monthly reports, dashboards, and presentations.
• Provide cost substantiation for claims, disputes, settlements, and final account reviews.
• Establish reporting templates, controls, and audit trails.
• Explain movements across budgets, commitments, accruals, actuals, cash flow, and forecasts.
• Support portfolio reviews and senior stakeholder discussions.

• Bachelor’s degree in Engineering, Construction Management, Quantity Surveying, Project Management, Business, Finance, or a related discipline.
• 20+ years of experience in project controls and cost management, including 10+ years on major projects in Saudi Arabia or the GCC.
• Proven experience managing cost control on mega-projects or mixed-use programs with multi-billion SAR portfolios and high contract volumes.
• Substantial experience across budgets, accruals, forecasts, commitments, cash flow, funding, and cost reconciliation.
• Experience supporting contract termination, demobilization, preservation, final account, or closeout activities.
• Experience with claims, disputes, and settlements.
• Hands-on proficiency with SAP and Oracle Unifier, along with advanced Excel skills and experience using reporting and dashboard tools.
• Experience presenting cost positions to senior leadership and working directly with client-side teams.
• Experience handling commercial discussions across contractors and consultants.
• Professional proficiency in English.
• Experience as part of an owner, IPMT, PMC, or major program organization is preferred.
• Holding a PMP, CCP, RICS, AACE, or comparable credential is a plus.