Cost Control Manager

2 weeks ago

Riyadh, Ar Riyāḑ, Saudi Arabia East Consulting Engineering Company Full time

The ideal candidate should hold a bachelor's or master's degree in civil or architectural Engineering from an internationally recognized university.

Minimum 15 years of experience in construction management (PMC) of large multi-site projects.

Key Responsibilities:

  1. Develop and implement comprehensive cost management strategies aligned with organizational objectives, ensuring a proactive approach to identifying and capitalizing on cost-saving opportunities.
  2. Analyze budgetary data with precision, tracking expenditures and variances to maintain financial discipline. Provide regular and insightful reports to executive leadership, enabling informed decision-making.
  3. Collaborate across business units to enhance cost-efficiency in operational processes. Identify and implement measures to streamline workflows without compromising quality or productivity.
  4. Conduct thorough financial analyses to identify trends, assess the impact of cost drivers, and provide actionable insights to support key business decisions.
  5. Liaise with cross-functional teams to facilitate a holistic understanding of cost dynamics. Provide financial expertise and collaborate on initiatives that align cost considerations with broader business goals.
  6. Establish, refine, and enforce robust cost control frameworks. Develop and implement policies and procedures to govern cost-related activities, fostering a culture of financial responsibility.
  7. Optimize the allocation of financial resources by assessing the efficiency and effectiveness of various investments and expenditures.
  8. Conduct in-depth variance analyses to identify deviations from budgeted costs and formulate corrective actions to address discrepancies.
  9. Utilize forecasting models to predict future cost trends and facilitate proactive decision-making. Provide accurate and timely financial forecasts to support overall business planning.
  10. Ensure adherence to financial regulations, accounting standards, and internal policies. Implement measures to mitigate financial risks and maintain compliance with relevant regulatory requirements.
  11. Effectively communicate financial insights and cost-related information to stakeholders, fostering a transparent and collaborative environment.
  12. Drive a culture of continuous improvement by identifying areas for optimization, implementing best practices, and staying abreast of industry trends and benchmarks.
  13. Identify and assess financial risks associated with cost structures. Develop and implement risk mitigation strategies to safeguard the organization's financial stability.
  14. Establish and monitor key performance indicators (KPIs) related to cost control and financial management. Regularly assess and report on the achievement of established metrics.
Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Consulting

Industries

Construction

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