Senior Cost Control Manager

Power International Holding (PIH); Saudi Arabia; On-site; SAR 300,000 - 540,000; Full time

Job summary

Power International Holding (PIH) seeks a Senior Cost Control Manager to oversee conceptual estimating, budget development, cost planning and value management across major projects. You will manage company-wide cost plans and monitor project expenditures to ensure alignment with directives.

The role requires leading a team of cost professionals, reviewing contracts, implementing advanced cost control systems, and presenting financial reports to senior management.

Qualifications

• Knowledge of Cost Control and estimating packages such as CCS (Candy) is essential.
• Strong understanding of financial principles and cost accounting methodologies.
• Proficiency in budgeting, forecasting, and financial analysis techniques.
• Advanced knowledge of project management principles and practices.
• Excellent analytical skills to interpret cost data and identify trends and variances.
• ERP knowledge preferably SAP functional skills are required.
• Proficiency with MS Office and scheduling tools like Primavera P6 is advantageous.

Responsibilities

• Lead the development and management of comprehensive budgets for large-scale projects and departments, ensuring alignment with organizational goals.
• Supervise the preparation of detailed cost estimates, incorporating potential risks and ensuring accuracy.
• Oversee the continuous tracking of project expenditures, ensuring they stay within budget and addressing any deviations.
• Conduct thorough analysis of cost variances, identify root causes, and implement corrective actions.
• Prepare and present detailed financial reports to senior management, highlighting key metrics, trends, and potential issues.
• Identify financial risks associated with projects and develop strategies to mitigate them, ensuring financial stability.
• Review and manage complex contracts, ensuring compliance with financial terms and resolving any cost-related disputes.
• Implement and maintain advanced cost control systems and processes to enhance financial oversight and efficiency.
• Communicate effectively with project managers, finance teams, and senior executives, ensuring alignment on financial objectives and strategies.
• Lead and mentor a team of cost control professionals, fostering a culture of continuous improvement and financial discipline.
• 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

Skills

Cost control

Budgets & forecasting

Financial analysis

Project management

Analytical skills

Communication

MS Office

Primavera P6

Education

Bachelor's Degree in Civil Engineering or Quantity Surveying

Tools

CCS (Candy)

Primavera P6

SAP

Job description

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The Senior Cost Control Manager oversees the areas of conceptual estimating, budget development, cost planning and value management. This position is responsible for the Company-wide cost plans, monitors and reports on the Company project cost plans, and monitors cost and collects the cost data to ensure conformity with the Management's budget directives cost tracking, forecasting; and financial reporting.

Job Responsibilities 1

• Lead the development and management of comprehensive budgets for large-scale projects and departments, ensuring alignment with organizational goals.
• Supervise the preparation of detailed cost estimates, incorporating potential risks and ensuring accuracy.
• Oversee the continuous tracking of project expenditures, ensuring they stay within budget and addressing any deviations.
• Conduct thorough analysis of cost variances, identify root causes, and implement corrective actions.
• Prepare and present detailed financial reports to senior management, highlighting key metrics, trends, and potential issues.
• Identify financial risks associated with projects and develop strategies to mitigate them, ensuring financial stability.
• Review and manage complex contracts, ensuring compliance with financial terms and resolving any cost-related disputes.
• Implement and maintain advanced cost control systems and processes to enhance financial oversight and efficiency.
• Communicate effectively with project managers, finance teams, and senior executives, ensuring alignment on financial objectives and strategies.
• Lead and mentor a team of cost control professionals, fostering a culture of continuous improvement and financial discipline.
• 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 Control and estimating packages such as CCS (Candy) is essential
• Strong understanding of financial principles and cost accounting methodologies.
• Proficiency in budgeting, forecasting, and financial analysis techniques.
• Advanced knowledge of project management principles and practices.
• Excellent analytical skills to interpret cost data and identify trends and variances.
• Effective communication and interpersonal abilities to liaise with project teams, stakeholders, and vendors. Computer skills: MS applications and Primavera 6 but not essential
• ERP knowledge preferably SAP functional skills are a requirement to be successful in this role

Job Experience

• Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus
• Agility
• AI Fluency
• Resilience
• Quality_321977507
• Leadership_321977503
• Inventory Management L4
• Project Planning L4
• Cost Control L4
• Time and Task Management L4
• Projects-Commercial L4
• Build High-Performing Teams
• Speed of Execution
• Build Process and Systems
• Provide Direction
• Drive Cost Optimization

Education

Bachelor's Degree in Civil Engineering or Quantity Surveying