Strategic Cost Controller & Budget Architect

Tibah Airports Operation | طيبة لتشغيل المطارات; Saudi Arabia; On-site; SAR 300,000 - 420,000; Full time

Job summary

Tibah Airports Operation | طيبة لتشغيل المطارات seeks a Cost Control Specialist to own the annual OPEX and CAPEX budgets in Saudi Arabia, building robust financial models for lenders and the Board. You will monitor all projects, ensure IFRS/SOCPA compliance, and deliver timely cost performance reporting.

With 3+ years in budgeting or FP&A, you will drive automation of reporting, support audits, and collaborate with Operations to validate budget impacts of scope changes.

Qualifications

• Bachelor's degree in finance, accounting, economics or related field.
• Proficiency in ERP cost-control modules and advanced Excel.
• 3+ years in budgeting, cost control or FP&A, preferably in airports or infrastructure.
• Fluent in Arabic and English.

Responsibilities

• 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
• 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

Skills

Budgeting

Cost control

Financial analysis

FP&A experience

Arabic language

English language

Education

Bachelor's degree in Finance, Accounting or Economics

Professional certification: CMA, CPA, ACCA, SOCPA or CFA

Tools

SAP CO/PS ERP

Oracle ERP

Excel

Power BI

Job description

Tibah Airports Operation | طيبة لتشغيل المطارات seeks a Cost Control Specialist to own the annual OPEX and CAPEX budgets in Saudi Arabia, building robust financial models for lenders and the Board. You will monitor all projects, ensure IFRS/SOCPA compliance, and deliver timely cost performance reporting.

With 3+ years in budgeting or FP&A, you will drive automation of reporting, support audits, and collaborate with Operations to validate budget impacts of scope changes.