Senior Cost Engineer: Budget & EVM Leader

Uasmart; Jeddah; On-site; SAR 300,000 - 550,000; Full time

Job summary

Uasmart in Jeddah, Saudi Arabia seeks a Senior Cost Engineer to lead project cost management for large-scale construction and infrastructure initiatives. The role focuses on budgets, forecasts, and cost performance, leveraging EVM, CPI, and SPI to keep projects within approved spend and contractual requirements.

The ideal candidate has 10–20 years of experience in cost engineering and a Civil Engineering degree, with strong Excel, Primavera P6, and ERP skills, and is ready to coordinate with

Qualifications

• Bachelor’s degree in Civil Engineering or a related engineering discipline.
• 10–20 years of professional experience in project cost engineering, cost management, and cost control.
• Proven experience in construction and infrastructure projects, preferably large-scale or complex developments.
• Strong knowledge of project budgeting, cost estimation, forecasting, and expenditure monitoring.
• Extensive experience preparing cost reports, cash flow projections, cost-to-complete forecasts, and EAC reports.
• Ability to establish cost baselines, identify budget deviations, and recommend corrective measures.
• Familiarity with Earned Value Management and cost performance indicators, including CPI and SPI.
• Good understanding of construction contracts, variation orders, change management, and associated financial implications.
• Advanced proficiency in Microsoft Excel, financial modeling, and data analysis.
• Familiarity with Primavera P6, Power BI, or ERP platforms is an advantage.
• Strong analytical, problem-solving, communication, and reporting skills.
• Ability to coordinate effectively with multidisciplinary project teams.
• Immediate availability or a short notice period is preferred.

Responsibilities

• Oversee project cost management and cost control activities throughout the project lifecycle.
• Establish, maintain, and monitor project cost baselines and approved budgets.
• Prepare detailed cost estimates, financial forecasts, and expenditure projections.
• Monitor actual project expenditure against approved budgets and identify variances.
• Prepare periodic cost reports, cash flow projections, cost-to-complete forecasts, and EAC reports.
• Analyze cost performance and recommend corrective measures to address budget deviations.
• Apply Earned Value Management (EVM) principles and monitor CPI, SPI, and other relevant performance indicators.
• Assess the financial impact of variation orders, contractual changes, and scope adjustments.
• Support project budget reviews and financial planning activities.
• Use Microsoft Excel for financial modeling, data analysis, and cost reporting.
• Utilize project management and cost control systems to improve reporting and monitoring.
• Coordinate with project managers, quantity surveyors, planning engineers, procurement teams, and finance departments.
• Identify opportunities to improve cost efficiency and support informed project decisions.
• Maintain accurate cost documentation and ensure reporting aligns with contractual and project requirements.

Skills

Cost management

Budgeting

Forecasting

Earned Value Management

Financial modeling

CPI/SPI analysis

Excel

Power BI

Project coordination

Communication & reporting

Education

Bachelor’s degree in Civil Engineering

Tools

Primavera P6

Power BI

ERP systems

Excel

Job description

Uasmart in Jeddah, Saudi Arabia seeks a Senior Cost Engineer to lead project cost management for large-scale construction and infrastructure initiatives. The role focuses on budgets, forecasts, and cost performance, leveraging EVM, CPI, and SPI to keep projects within approved spend and contractual requirements.

The ideal candidate has 10–20 years of experience in cost engineering and a Civil Engineering degree, with strong Excel, Primavera P6, and ERP skills, and is ready to coordinate with