Project Cost Controller

Jeraisy computers and communications services; Riyadh; On-site; SAR 300,000 - 520,000; Full time

Job summary

Jeraisy computers and communications services is seeking a seasoned IT Project Financial Controller to oversee budgets, cost control, and financial performance across large-scale IT initiatives in Saudi Arabia. You will ensure alignment with approved plans, monitor cash flows, and provide timely financial analysis to project teams.

You will collaborate with PMO stakeholders, review contracts and claims, manage forecasts, and build financial dashboards using Excel, Oracle ERP, and Power BI to

Qualifications

• At least 3 years of experience in large-scale IT projects.
• Experience working within PMO environments.
• Experience in IT project contract and claims management.

Responsibilities

• Prepare, review, and monitor budgets for IT projects.
• Track actual project expenditures against approved budgets.
• Ensure financial performance remains aligned with approved project plans.
• Analyze cost and budget variances and recommend corrective actions.
• Prepare project cash flow forecasts and financial projections.
• Regularly update forecasts based on project progress, changes, and financial performance.
• Review financial terms and commercial aspects of IT project contracts and agreements.
• Verify invoices, payment requests, and completion certificates against contractual terms.
• Monitor Purchase Orders (POs), Change Requests, and contract variations.
• Review and validate financial claims submitted by vendors and consultants.

Skills

PMO environments

IT project contract and claims mgmt

Budget forecasting

Cost and variance analysis

Earned Value Management (EVM)

Education

PMP – Project Management Professional

CCP – Certified Cost Professional

CMA – Certified Management Accountant

CPA – Certified Public Accountant

Tools

Microsoft Excel – Advanced

Oracle ERP

Power BI

Job description

• At least 3 years of experience in large-scale IT projects.
• Experience working within PMO environments.
• Experience in IT project contract and claims management.

Preferred Professional Certifications

Project Management:

• PMP – Project Management Professional

Finance & Cost Management:

• CCP – Certified Cost Professional
• CMA – Certified Management Accountant
• CPA – Certified Public Accountant

Required Technical Skills

• Budget preparation and financial forecasting.
• Cost and variance analysis.
• Earned Value Management (EVM).
• Contract and claims management.

Software & Tools

• Microsoft Excel – Advanced
• Oracle ERP
• Power BI

Key Responsibilities

1. Budget Management & Cost Control

• Prepare, review, and monitor budgets for IT projects.
• Track actual project expenditures against approved budgets.
• Ensure financial performance remains aligned with approved project plans.
• Analyze cost and budget variances and recommend corrective actions.
• Prepare project cash flow forecasts and financial projections.
• Regularly update forecasts based on project progress, changes, and financial performance.
• Review financial terms and commercial aspects of IT project contracts and agreements.
• Verify invoices, payment requests, and completion certificates against contractual terms.
• Monitor Purchase Orders (POs), Change Requests, and contract variations.
• Review and validate financial claims submitted by vendors and consultants.

4. PMO & Project Management Support

• Support the preparation of financial business cases and feasibility studies for IT projects.
• Provide financial and cost management support to Project Managers throughout the project lifecycle.
• Review project spending plans and ensure alignment with approved budgets.
• Participate in project governance meetings and provide updates on project financial performance.

5. Earned Value Management (EVM)

• Monitor and analyze key project performance indicators, including:
• Planned Value (PV)
• Earned Value (EV)
• Actual Cost (AC)
• Cost Performance Index (CPI)
• Schedule Performance Index (SPI)
• Monitor project performance against approved cost and schedule baselines.
• Prepare periodic project cost and financial reports for senior management.
• Develop financial dashboards and KPI reports using relevant reporting tools.
• Prepare and analyze:
• Budget vs. Actual Reports
• Cost Variance Analysis
• Financial Risk Reports

7. Financial Risk Management

• Identify and assess potential financial risks affecting IT projects.
• Evaluate the impact of financial risks on project budgets, costs, and schedules.
• Develop mitigation plans and recommend corrective actions.
• Monitor contingency reserves and ensure their appropriate utilization.

IT Project Scope

Responsible for monitoring and controlling costs across various technology projects, including:

• ERP Implementation Projects
• IT Infrastructure & Data Center Projects
• Cloud Computing Projects
• Network & Telecommunications Projects
• Artificial Intelligence & Data Analytics Projects