Senior Cost Control Engineer (E2)

Hill International (Middle East) Limited; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading company in project management seeks an experienced Cost Control Manager to develop and implement financial strategies for major initiatives. The successful candidate will monitor project costs, prepare financial reports, and collaborate with project managers to enhance profitability. A degree in Accounting or Engineering and over 15 years of relevant experience are required.

Qualifications

• Minimum 15 years experience in cost management on significant projects.
• Fluency in Arabic and English required.
• Excellent verbal and written communication skills.

Responsibilities

• Develop and implement cost control strategies and procedures.
• Monitor financial data to identify cost-saving opportunities.
• Prepare financial reports, budget forecasts, and variance analysis.

Skills

Financial management

Cost control strategies

Data analysis

Communication

Negotiation

Education

Bachelor / Master Degree in Accounting or Engineering

Job description

General Description of Role and Responsibilities:

• Develop and implement cost control strategies and procedures to ensure effective financial management
• Monitor and analyze financial data to identify cost-saving opportunities and improve profitability
• Prepare and present financial reports, budget forecasts, and variance analysis to senior management
• Coordinate with project managers and department heads to track and control project costs
• Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits
• Conduct regular audits of financial records and procedures to identify and resolve discrepancies
• Train and mentor cost control staff to ensure their understanding of cost control processes and procedures
• Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency
• Stay updated on industry trends, regulations, and best practices in cost control and financial analysis
• Provide guidance and support to the finance team on cost control matters
• Informs themselves of the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures in place within Hill International, and ensures continued compliance with these requirements while employed by Hill.
• Perform other duties as assigned by the line manager/supervisor.

Skills

Qualifications, Experience, Knowledge and Skills:

• Bachelor / Master Degree in Accountant or Engineering from an accredited university.
• Minimum 15 years experience in related field on national / international major initiatives and developments.
• Extensive knowledge and experience in project cost.
• Extensive experience in managing and prioritizing projects costs.
• Ability to present budgeting plans and requirements to senior management and other government authorities.
• Ability to negotiate with multiple stakeholders to secure cost for projects
• Capable to fluently communicate in Arabic and English
• Excellent Verbal and written communication skills.