cost control manager

2 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Arab National Bank Full time

Key Responsibilities:

  1. Cost Management & Reporting.
    1. Develop and implement cost control procedures and best practices for projects.
    2. Review detailed cost estimates and support in developing cost baseline for projects using estimate to budget conversion.
    3. Monitor ongoing projects expenses and conduct regular cost forecasting to prompt potential deviations to the budget.
    4. Analyze cost data and provide insights to project teams and management.
    5. Collaborate with project managers to track and report on financial performance.
    6. Prepare and present detailed cost reports to the PMO Director and senior management, highlighting any variances, potential overruns, and recommended actions.
    7. Evaluate contracts and terms with vendors and suppliers.
  2. Risk Management
    1. Conduct risk analysis and advise on cost implications of project change.
    2. Implement cost risk management frameworks and tools for project teams to use in daily operations.
    3. Ensure consistent risk reporting and a monthly risk meeting, including communicating major risks to senior leadership.
    4. Promote a culture of proactive risk identification and response within the project cost Control teams.

Qualifications & Skills:

  • Bachelor's degree in engineering or a related field.
  • 10-12 years of experience in Project's Cost Control, with at least three years in a management role.
  • Highly proficient with cost control tools such as Ecosys, CostX, Oracle, etc., and ERP systems.
  • Deep exposure to Construction Cost Estimation is highly desirable.
  • Strong knowledge of project schedule methodologies, tools, and techniques, with certifications such as CCP being an advantage.
  • Strong leadership and management capabilities, with experience in interface roles.
  • Deep understanding of project management principles, including scheduling, cost control, risk management, and resource planning.
  • Expertise in portfolio management, including reporting and dashboard management.

Excellent communication and interpersonal skills, with the ability to work effectively with senior leadership and stakeholders.

Note: Preference will be given to candidates currently located in KSA with transferable iqama and can join immediately.

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