Senior Cost Control Manager

Dar Al Riyadh Group; Riyadh; On-site; SAR 300,000 - 460,000; Full time

Benefits offered by this job

Health insurance

Job summary

Dar Al Riyadh Group in Riyadh, Saudi Arabia seeks a senior Cost Control Manager with 15+ years of PMC experience to lead budgeting, cost estimation, and financial reporting for large-scale projects.

You will establish robust cost-control systems, monitor expenditures, and provide strategic forecasts while coordinating with clients and project teams in a fast-paced environment.

Qualifications

• Bachelor's or Master's degree in Civil Engineering, Project Management, or a related field.
• Minimum of 15 years of experience as a Cost Control Manager in PMC projects.
• Bilingual proficiency in English and Arabic (both written and spoken).
• Strong knowledge of cost control principles and practices.
• Excellent financial analysis and reporting skills.
• Proficient in financial software and tools.
• Professional certifications in finance or related fields.
• Experience in managing costs for PMC projects within the Middle East region.

Responsibilities

• Collaborate with project managers and stakeholders to develop comprehensive project budgets.
• Ensure accurate estimation of costs considering all project phases.
• Implement robust cost monitoring systems to track project expenditures against approved budgets.
• Conduct regular reviews and analyses of project costs.
• Develop and maintain accurate financial forecasts for ongoing and upcoming projects.
• Identify potential cost variations and take proactive measures to address them.
• Conduct variance analysis to compare actual costs against budgeted costs.
• Investigate and explain any significant variances.
• Manage and administer change orders assessing their impact on project budgets.
• Collaborate with project teams to control and mitigate additional costs.
• Act as a point of contact for clients regarding cost-related matters.
• Provide timely responses to client inquiries and concerns related to project finances.
• Prepare regular financial reports for project management and clients.
• Communicate financial status cost trends and forecasts to relevant stakeholders.
• Support internal and external audits by providing accurate and organized financial records.
• Ensure compliance with financial regulations and reporting standards.
• Stay updated on industry best practices in cost management and financial control.
• Recommend improvements to enhance the efficiency of cost control processes.

Skills

Cost Control

Financial Analysis

Budgeting

Forecasting

Financial Reporting

Bilingual English/Arabic

PMC Projects

Middle East Experience

Financial Software

Education

Bachelor's/Master's in Civil Engineering or Project Management

Tools

ERP Systems

MS Excel

Job description

Responsibilities

• Collaborate with project managers and stakeholders to develop comprehensive project budgets
• Ensure accurate estimation of costs considering all project phases
• Implement robust cost monitoring systems to track project expenditures against approved budgets
• Conduct regular reviews and analyses of project costs
• Develop and maintain accurate financial forecasts for ongoing and upcoming projects
• Identify potential cost variations and take proactive measures to address them
• Conduct variance analysis to compare actual costs against budgeted costs
• Investigate and explain any significant variances
• Manage and administer change orders assessing their impact on project budgets
• Collaborate with project teams to control and mitigate additional costs
• Act as a point of contact for clients regarding cost-related matters
• Provide timely responses to client inquiries and concerns related to project finances
• Prepare regular financial reports for project management and clients
• Communicate financial status cost trends and forecasts to relevant stakeholders
• Support internal and external audits by providing accurate and organized financial records
• Ensure compliance with financial regulations and reporting standards
• Stay updated on industry best practices in cost management and financial control
• Recommend improvements to enhance the efficiency of cost control processes

Minimum Requirements

• Bachelor's or Master's degree in Civil Engineering, Project Management, or a related field.
• Minimum of 15 years of experience as a Cost Control Manager in PMC projects.
• Bilingual proficiency in English and Arabic (both written and spoken).
• Strong knowledge of cost control principles and practices.
• Excellent financial analysis and reporting skills.
• Proficient in financial software and tools.
• Professional certifications in finance or related fields.
• Experience in managing costs for PMC projects within the Middle East region.