Senior Manager - Cost Modelling (MAS5-20004288)

Qiddiya Investment Company; Riyadh; On-site; SAR 200,000 - 300,000; Full time

Job summary

A leading investment firm in Riyadh is seeking a Senior Manager - Cost Modelling to develop and implement advanced cost modelling techniques. The ideal candidate will have 8-10 years of experience in financial analysis, strong analytical skills, and the ability to communicate complex information effectively. This role is crucial in supporting financial planning within the master community. The position emphasizes precision and collaboration across teams.

Qualifications

• 8-10 years of experience in cost modelling or financial analysis, preferably in large-scale development.
• Proven expertise in developing complex cost models and conducting detailed financial analysis.
• Strong attention to detail with excellent communication skills.

Responsibilities

• Develop and monitor Master Community budget including expenditures and revenues.
• Regularly update operational cost model to ensure cost recovery.
• Coordinate with relevant teams for service charge updates.

Skills

Cost modelling

Analytical skills

Financial analysis

Communication

Problem-solving

Education

Bachelor's degree in finance, engineering, economics, or related field

Master's degree

Tools

Excel

Financial modelling software

Data visualization tools

Job description

Qiddiya Investment Company is excited to announce an opening for a Senior Manager - Cost Modelling within our Master Development Unit. This critical role will focus on developing and implementing advanced cost modelling techniques to support financial planning within the master community. With an emphasis on precision and innovation, the Senior Manager will drive cost-related insights that inform decision-making processes, optimize resource allocations, and contribute to the success of Qiddiya's mission.

The successful candidate will possess a robust background in cost modelling, a strong analytical mindset, and the ability to communicate complex financial information effectively to various stakeholders.

Key Responsibilities:

• Develop and monitor Master Community budget including expenditures and revenues.
• Develop, calibrate, and regularly update operational cost model to ensure cost recovery - linking to FPA cost calculations.
• Set and monitor service charges for individual plots across Qiddiya to recover operational cost
• Coordinate with the Land Economics team for LUB.
• Coordinate with the Cost Planning team for OMC updates.
• Coordinate with the Implementation team for Delivery / Phasing updates.
• Update the Service Charge model for the charging mechanism for the procurement and relocation of trees and palms for the city.
• Update the Service Charge model for the charging mechanism for the Facilities Management program for all public buildings.
• Update the Service Charge model for the charging mechanism for the all park-and-ride facilities.

• Bachelor's degree in finance, engineering, economics, or a related field (Master's degree is a plus)
• A minimum of 8-10 years of experience in cost modelling or financial analysis, preferably in large-scale development or construction projects.
• Proven expertise in developing complex cost models and conducting detailed financial analysis.
• Proficiency in financial modelling software and tools, such as Excel, with experience in data visualization tools being an added advantage.
• Strong analytical and problem-solving skills, with keen attention to detail.
• Excellent communication skills to present financial concepts and insights clearly to a diverse audience.
• Demonstrated ability to work collaboratively across teams and manage relationships with various stakeholders.