Engineer I, Budget

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia AL-AYUNI Investment and Contracting Company Full time
Responsibilities

  1. Budget Development and Review: Develop, review, and update project budgets and cost estimates to ensure effective resource allocation.

  2. Cost Monitoring: Track budget performance and actual costs versus forecasts, identifying and addressing variances.

  3. Financial Reporting: Prepare accurate and comprehensive financial reports regarding costs and budgets, including variance analysis and providing recommendations for improvement.

  4. Cost Analysis: Conduct in-depth financial analysis of projects, including forecasting future costs, and assist in making investment decisions based on these analyses.

  5. Contract and Vendor Management: Coordinate with suppliers and contractors to ensure they adhere to the agreed-upon budget and effectively manage contracts.

  6. Cost Optimization: Develop and implement strategies to reduce costs while maintaining project quality and specifications.

  7. Collaboration with Teams: Work closely with project managers and other teams to ensure all activities align with financial goals of the projects.

  8. Compliance with Standards: Ensure all financial activities and policies are in compliance with the organization's procedures.

Minimum Requirements

  1. Education: Bachelor's degree in Engineering, Finance, Business Administration, or a related field.

  2. Experience: At least 5 years of experience in a similar role, preferably in an engineering, construction, or project management environment.

  3. Technical Skills: Proficiency with financial software (e.g., Excel, ERP systems), and project management tools.

  4. Analytical Skills: Ability to conduct complex financial analyses and provide actionable solutions.

  5. Communication Skills: Excellent verbal and written communication skills for interacting with teams and vendors.

  6. Decision-Making Ability: Ability to make strategic decisions that support the financial goals of projects.

  7. Attention to Detail: High level of accuracy and attention to detail in all financial aspects and reporting.

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