Lead Specialist, Cost Controller

Maaden; Riyadh; On-site; SAR 246,000 - 402,000; Full time

Job summary

MAADEN, established in 1997, is one of the fastest-growing mining companies in the Middle East, seeking a Lead Specialist, Cost Controller to strengthen our Medical Services and Medical Insurance finance functions in Riyadh HQ.

You will lead cost management, budgeting, forecasting, and financial analysis, partnering with stakeholders to drive cost optimization and performance metrics in a regulated industry.

Qualifications

• Bachelor's degree in Finance, Accounting, or equivalent related discipline.

Responsibilities

• Monitor and analyze healthcare-related expenditures to ensure effective cost control and budget utilization.
• Perform variance analysis and identify key cost drivers, trends, and areas for improvement.
• Support the development and implementation of cost optimization initiatives and performance improvement opportunities.
• Conduct financial and operational analyses to support business decisions and strategic initiatives.
• Prepare periodic financial reports, management dashboards, and performance metrics.
• Develop financial models and business cases to evaluate operational and investment opportunities.
• Support the preparation of annual budgets, forecasts, and long-range financial plans.
• Monitor actual performance against approved budgets and provide recommendations to address deviations.
• Contribute to financial planning activities and resource allocation exercises.
• Track healthcare utilization, cost trends, and financial performance indicators.
• Provide insights and recommendations to improve efficiency, resource utilization, and cost effectiveness.
• Ensure the accuracy and integrity of financial data used for reporting and analysis.
• Collaborate with Medical Services, Medical Insurance, Finance, and other relevant stakeholders to support financial objectives and business requirements.
• Provide analytical support and financial insights to management and business functions.

Skills

Cost Control

Financial Planning

Financial Analysis

Budgeting

Data Analysis

Dashboard Reporting

Excel

Stakeholder Management

Education

Bachelor's degree in Finance or Accounting

Tools

Microsoft Excel

Job description

MAADEN, established in 1997, is one of the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East. We are leading the development of the mining industry as the third pillar of Saudi Arabia’s economy by building a world-class, unique, and fully integrated mining value chain.

We are pleased to share an exciting career opportunity with MAADEN. This role offers the chance to contribute to our ambitious growth plans and play a key role in shaping the future of the mining industry in the Kingdom of Saudi Arabia.

Role Profile

Job Title: Lead Specialist, Cost Controller

Business Unit/Function: Corporate/ HR Services

Department: Medical Services Department

Job Location: Riyadh, HQ

Working hours: 8 hours

Job post duration: starting 11 October 2026 - end date 25 October 2026

Job Purpose

Provide financial planning, cost control, and analytical support for Medical Services and Medical Insurance activities by monitoring expenditures, evaluating cost performance, conducting financial analyses, and delivering insights that support effective decision-making and cost optimization initiatives.

Key Accountabilities

Cost Management and Control

• Monitor and analyze healthcare-related expenditures to ensure effective cost control and budget utilization.
• Perform variance analysis and identify key cost drivers, trends, and areas for improvement.
• Support the development and implementation of cost optimization initiatives and performance improvement opportunities.

Financial Analysis and Reporting

• Conduct financial and operational analyses to support business decisions and strategic initiatives.
• Prepare periodic financial reports, management dashboards, and performance metrics.
• Develop financial models and business cases to evaluate operational and investment opportunities.

Budgeting and Forecasting

• Support the preparation of annual budgets, forecasts, and long-range financial plans.
• Monitor actual performance against approved budgets and provide recommendations to address deviations.
• Contribute to financial planning activities and resource allocation exercises.

Performance Monitoring

• Track healthcare utilization, cost trends, and financial performance indicators.
• Provide insights and recommendations to improve efficiency, resource utilization, and cost effectiveness.
• Ensure the accuracy and integrity of financial data used for reporting and analysis.

Stakeholder Engagement

• Collaborate with Medical Services, Medical Insurance, Finance, and other relevant stakeholders to support financial objectives and business requirements.
• Provide analytical support and financial insights to management and business functions.

Minimum Qualifications

• Bachelor's degree in Finance, Accounting, or equivalent related discipline.

Preferred Qualifications

• CMA, CFA, or other relevant professional certification.
• 7+ years of relevant experience in cost control, financial planning, financial analysis, or related finance functions.
• Experience in healthcare, medical services, medical insurance, or other regulated service industries is preferred.

Knowledge and Skills

• Cost Control and Cost Analysis.
• Financial Planning and Budgeting.
• Financial Reporting and Performance Management.
• Financial Modelling and Business Case Development.
• Data Analysis and Dashboard Reporting.
• Advanced Microsoft Excel skills.
• Analytical Thinking and Problem Solving.
• Stakeholder Management and Communication Skills.
• Business Acumen and Commercial Awareness.