Cost Control Engineer

Shaping the Future of Construction in Saudi Arabia, Saudi Elaf, established in 2015, has emerged as a prominent player in the Saudi Arabian construction industry. Offering a comprehensive suite of services across General Construction, facility management(Including Catering Division), project management, and many other services. the company has firmly established itself as a leading general construction firm with an established track record of successful projects, which have helped many public and private organizations achieve their goals and visions.

As a Cost Control Engineer at our growing Construction company, you will play a crucial role in ensuring the financial well-being and profitability of our operations. Reporting to the Project Manager, you will be responsible for managing all aspects of cost accounting, including budgeting, cost analysis, and cost reporting.

• Develop and maintain comprehensive cost accounting systems and processes to accurately track and analyze production costs, material costs, labor costs, and overhead expenses.
• Prepare detailed cost analyses and reports, identifying cost variances, trends, and opportunities for cost optimization.
• Collaborate with production and operations teams to understand cost drivers and provide recommendations for cost reduction strategies.
• Assist in the development and implementation of the annual budgeting process, ensuring accurate cost projections and budgetary controls.
• Monitor and analyze actual costs against budgeted amounts, and provide timely and insightful variance analysis to the management team.
• Maintain a detailed cost accounting database, including inventory valuation, work-in-progress, and finished goods costs.
• Prepare periodic cost reports, including production cost reports, standard cost reports, and cost-volume-profit analyses.
• Support the month-end and year-end close process, ensuring the accurate allocation and reporting of all manufacturing costs.
• Identify and implement process improvements to enhance the efficiency and accuracy of cost accounting practices.
• Assist in the preparation of financial statements, cost-related sections of management reports, and other ad-hoc financial analyses as required.
• Ensure compliance with relevant accounting standards, internal controls, and company policies related to cost accounting.

• Bachelor's degree in Accounting, Finance, or a related field. CPA or CMA certification is preferred.
• 2+ years of experience in a Cost Control engineering, preferably in a Construction Industry.
• Thorough understanding of cost accounting principles, including absorption costing, standard costing, and variance analysis.
• Proficient in the use of ERP systems, cost accounting software, and spreadsheet applications (e.g., Microsoft Excel) for data analysis and reporting.
• Strong analytical and problem-solving skills, with the ability to interpret financial data and provide actionable recommendations.
• Excellent attention to detail and a proven track record of ensuring the accuracy and integrity of financial information.
• Effective communication and interpersonal skills, with the ability to collaborate with cross-functional teams and present financial information to non-financial stakeholders.
• Ability to work in a fast-paced, deadline-driven environment and adapt to changing business requirements.
• Proactive and self-motivated, with a commitment to continuous improvement and process optimization.

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