Senior Cost Control Engineer: Budget & Cost Optimization

Power Holding; Saudi Arabia; On-site; SAR 260,000 - 380,000; Full time

Job summary

Powerholding Intl in Saudi Arabia is seeking a Lead Cost Control Engineer to manage and optimize project expenditures across the construction lifecycle, ensuring budget adherence and robust reporting. You will oversee estimation, tracking, and variance analysis to support timely, high-quality project delivery.

The role requires advanced financial analysis, strong project management, and ERP experience. You will lead cost control procedures, review invoices, evaluate change orders, and implement

Qualifications

• Bachelor's Degree in Engineering or related field.
• 8+ years of experience, GCC a plus.
• Experience with cost control systems and ERP tools.

Responsibilities

• Develop and implement cost control procedures and systems to monitor project expenditures.
• Collaborate with PMs to establish budgets, forecasts and expenditure plans.
• Conduct detailed cost estimation and analysis for components, materials, labor and overhead.
• Track costs, analyze variances and identify cost-saving opportunities.
• Prepare cost reports and presentations for stakeholders with key metrics.
• Review invoices and verify adherence to contracts and pricing.
• Evaluate change orders for impact on costs and timelines, negotiate as needed.
• Implement cost controls, value engineering and risk mitigation measures.
• Provide guidance to project teams on cost-related matters and strategies.
• Monitor market trends, pricing fluctuations and regulatory changes affecting costs.

Skills

Financial analysis

Cost estimation

Project management

ERP SAP

Stakeholder communication

Negotiation

Risk management

Leadership

Education

Bachelor's degree in Engineering

Tools

Primavera

Procore

Spreadsheets

Database software

Job description

Powerholding Intl in Saudi Arabia is seeking a Lead Cost Control Engineer to manage and optimize project expenditures across the construction lifecycle, ensuring budget adherence and robust reporting. You will oversee estimation, tracking, and variance analysis to support timely, high-quality project delivery.

The role requires advanced financial analysis, strong project management, and ERP experience. You will lead cost control procedures, review invoices, evaluate change orders, and implement