Senior Cost Control Manager

DAR AL RIYADH; Riyadh; On-site; SAR 360,000 - 480,000; Full time

Job summary

Dar Al Riyadh Group is seeking an experienced Cost Control Manager to lead budgeting and cost control for prestigious PMC projects in the Middle East. You will collaborate with project managers and stakeholders to forecast costs, monitor expenditures, and manage change orders to protect project integrity.

Responsibilities include preparing financial reports, conducting variance analyses, ensuring regulatory compliance, and supporting internal and external audits.

Qualifications

• Bachelor's or Master's degree in Civil Engineering, PM, or related field.
• 15+ years as Cost Control Manager in PMC projects.
• Fluent in English and Arabic.
• Experience in Middle East PMC projects.

Responsibilities

• Develop comprehensive project budgets with project managers and stakeholders.
• Estimate costs considering all project phases.
• Monitor expenditures against approved budgets with robust systems.
• Prepare regular financial reports for management and clients.
• Support audits with accurate financial records and regulatory compliance.
• Communicate financial status and forecasts to stakeholders.

Skills

Cost control principles

Financial analysis

Financial reporting

Bilingual English/Arabic

Financial software

Education

Bachelor's or Master's degree in Civil Engineering, Project Management, or related field

Tools

Financial software

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.