Strategic Budget & Cost Control Lead

Tibah Airports Operation Co.; Medina; Presencial; SAR 180 000 - 300 000; Tempo integral

Resumo da oferta

Tibah Airports Operation Co. in Saudi Arabia seeks a Cost Control Specialist to own the annual OPEX and CAPEX budget cycle, ensuring costs stay on plan and reporting to senior management is timely and accurate.

The role builds and maintains financial models for lenders and shareholders, coordinates with multiple departments, and flags overruns early with mitigation plans, while ensuring IFRS and SOCPA compliance across all costs.

Responsabilidades

• Lead annual OPEX and CAPEX budget preparation with department heads; challenge assumptions and enforce alignment with corporate strategy.
• Review and validate financial data from departments to ensure accuracy and completeness.
• Develop the budget template, timelines, guidelines and procedures.
• Develop the annual traffic forecast in coordination with the Slots Department for budgeting purposes, with external advisors' assistance if necessary.
• Develop and update financial models for CAPEX projects in line with lender, shareholder and Grantor requirements.
• Work with the Strategy and Treasury departments to develop financial models for new business and investment opportunities; validate assumptions with related departments.
• Coordinate with lenders on project finance reporting, budget vs. actual and compliance certificates under the financing agreements and develop the related lender reports.
• Monitor cost vs. budget for each OPEX and CAPEX project and each department; flag overruns early and propose mitigation plans.
• Analyze cost drivers and identify savings and efficiency opportunities.
• Maintain cost control systems in the ERP, ensuring WBS elements, cost centers and internal orders are set up correctly.
• Validate all fixed asset capitalization before it is recorded in the ERP.
• Drive automation of budget reporting and reduce manual consolidation time.
• Work with Operations and project teams to validate scope changes and their budget impact before management approval.
• Establish cost control policies, approval matrices and guidelines for project controls.
• Partner with Procurement on contract commitments, accruals and PO tracking to prevent budget leakage.
• Prepare the Board and Management Pack, including KPI dashboards, cost trends, commitments vs. actuals and forecast outlook.
• Ensure all costs are captured in line with IFRS, SOCPA and other regulatory requirements.
• Support internal and external audits on budget, accruals, CAPEX capitalization and project finance reporting.
• Provide monthly, quarterly and annual budget performance reports to senior management.
• Ensure compliance with regulatory requirements and internal financial policies and procedures.

Descrição da oferta de emprego

Tibah Airports Operation Co. in Saudi Arabia seeks a Cost Control Specialist to own the annual OPEX and CAPEX budget cycle, ensuring costs stay on plan and reporting to senior management is timely and accurate.

The role builds and maintains financial models for lenders and shareholders, coordinates with multiple departments, and flags overruns early with mitigation plans, while ensuring IFRS and SOCPA compliance across all costs.