Senior Cost Control Engineer

Power International Holding (PIH); Saudi Arabia; On-site; SAR 240,000 - 320,000; Full time

Job summary

The Senior Cost Control Engineer at Power International Holding (PIH) will be responsible for developing and maintaining project budgets, forecasting costs, and controlling expenditures to ensure profitability. You will perform variance analysis, prepare senior management reports, and implement cost control procedures across projects.

You will collaborate with PMs, engineers, and procurement to optimize resources, identify risks, and drive corrective actions while supporting HSE and IMS

Qualifications

• Bachelor's degree required in civil engineering or related field.
• Experience with CCS (Candy) and SAP ERP.
• Proficiency in Primavera P6 and MS Office.
• Knowledge of multi-project resource planning.
• Strong project and programme management fundamentals.
• Ability to forecast costs and manage budgets.

Responsibilities

• Develop and maintain project budgets and forecast costs.
• Monitor expenditures against budgets.
• Conduct variance analysis and provide corrective actions.
• Prepare reports on financial performance for senior management.
• Identify risks and opportunities affecting costs.
• Establish cost control procedures and enforce compliance.
• Collaborate with PMs, engineers, procurement to align costs.
• Implement cost tracking systems and expense approvals.
• Improve cost control processes using tools and best practices.
• Provide guidance to junior cost control staff.
• Support HSE initiatives and align with IMS policies

Skills

Candy CCS Costing

Cost Management

MS Office & Primavera P6

Multi-project planning

Project & programme mgmt

SAP ERP knowledge

Education

Bachelor's Degree in Civil Engineering

Tools

Primavera P6

MS Excel

Job description

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The Senior Cost Control Engineer is to manage project budgets, monitor expenditures, and analyze cost variances to ensure projects are completed within financial constraints. They collaborate with stakeholders to implement cost control procedures and provide insights for optimizing resource allocation and mitigating financial risks. Their role is crucial in maintaining project profitability and adherence to financial objectives.

Job Responsibilities 1

Develop and maintain project budgets, collaborating with project managers and stakeholders to accurately forecast costs and allocate resources effectively.

Monitor project expenditures against budgetary constraints, conducting regular analysis to identify discrepancies and potential cost overruns.

Conduct thorough variance analysis to understand the root causes of deviations from budgeted costs, providing insights and recommendations for corrective actions.

Prepare detailed reports on project financial performance, including budget vs. actual analyses, cost forecasts, and financial projections for review by senior management and stakeholders.

Identify and assess potential risks and opportunities that may impact project costs, implementing strategies to mitigate risks and capitalize on opportunities.

Establish and enforce cost control procedures and policies to ensure compliance with budgetary constraints and financial regulations.

Collaborate closely with project managers, engineers, and procurement teams to align cost control efforts with project objectives and address financial challenges.

Implement cost tracking systems and expense approval processes to optimize cost management and ensure accurate financial reporting.

Continuously evaluate and improve cost control processes, leveraging technology and best practices to enhance efficiency and effectiveness.

Provide guidance and support to junior cost control staff, fostering a culture of continuous learning and development within the team.

Support the implementation of HSE initiatives, participate in safety awareness activities, and contribute to incident reporting and resolution in alignment with company and IMS policies

Job Knowledge & Skills

Knowledge of Cost estimating packages such as CCS (Candy) is essential

Knowledge in Cost Management, Estimating and Change Control

Computer skills: MS applications and Primavera 6 but not essential

Knowledge of multi-project resource planning

Demonstrable project and programme management experience allowing a comprehensive knowledge and

understanding of the fundamental principles and technique

ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job Experience

Minimum 8 year(s) working experience, 5 year(s) relevant working experience, 2 year (s) GCC is a plus

Resilience

AI Fluency

Quality_321977507

Leadership_321977503

Change Management L3_371007384

Time and Task Management L3

Cost Control L3

Agility

Education

Bachelor's Degree in Civil Engineering or Engineering