Cost Manager

4 weeks ago

Riyadh, Saudi Arabia AECOM Full time

Company Description

At AECOM, we’re delivering a better world.

We believe infrastructure creates opportunity for everyone. Whether it’s improving your commute, keeping the lights on, providing access to clean water or transforming skylines, our work helps people and communities thrive.

Our clients trust us to bring together the best people, ideas, technical expertise and digital solutions to our work in transportation, buildings, water, the environment and new energy. We’re one global team - 47,000 strong - driven by a common purpose to deliver a better world.

Here, you will have freedom to grow in a world of opportunity.

We will give you the flexibility you need to do your best work with hybrid work options. Whether you’re working from an AECOM office, remote location or at a client site, you will be working in a dynamic environment where your integrity, entrepreneurial spirit and pioneering mindset are championed.

You will help us foster a culture of equity, diversity and inclusion - a safe and respectful workplace, where we invite everyone to bring their whole selves to work using their unique talents, backgrounds and expertise to create transformational outcomes for our clients.

We will encourage you to grow and develop your career with us through our technical and professional development programs and diverse career opportunities. We believe in leadership at all levels. No matter where you sit in the organization you can make a lasting impact on the projects you work on, the teams and committees you join and our business.

We offer competitive pay and benefits, well-being programs to support you and your family, and the development resources you need to advance your career.

When you join us, you will connect and collaborate with a global network of experts - planners, designers, engineers, scientists, consultants, program and construction managers - leading the change toward a more sustainable and equitable future. Join us and let’s get started.

**Job Description**:
**1. Cost Estimation and Budgeting**:
2. Develop accurate cost estimates for engineering projects, considering materials, labor, equipment, and overhead costs.

3. Collaborate with project managers and engineers to understand project requirements and develop comprehensive budgets.

4. Analyze historical data, market trends, and supplier quotations to ensure cost estimates are realistic and competitive.

**5. Cost Control and Monitoring**:
6. Monitor project expenditures throughout the project lifecycle, identifying variances and implementing corrective actions as needed.

7. Track and report on project cost performance against budgetary targets, providing regular updates to project stakeholders.

8. Conduct cost risk assessments and develop strategies to mitigate potential cost overruns.

**9. Vendor and Supplier Management**:
10. Evaluate vendor proposals and negotiate favorable terms and pricing agreements.

11. Manage relationships with suppliers and subcontractors, ensuring timely delivery of materials and services at the agreed-upon cost.

12. Identify opportunities for cost savings through vendor consolidation, value engineering, or alternative sourcing strategies.

**13. Change Management**:
14. Assess the financial impact of project changes, including scope modifications, design revisions, and unforeseen circumstances.

15. Collaborate with project teams to evaluate change requests, proposing cost-effective solutions and adjustments to the project budget as necessary.

16. Document and communicate changes to stakeholders, maintaining transparency and accountability throughout the change management process.

**17. Cost Reporting and Analysis**:
18. Prepare regular cost reports and financial forecasts, highlighting key metrics such as cost-to-complete, earned value, and cost performance indices.

19. Conduct variance analysis to identify trends, deviations from budget, and areas for improvement.

20. Present findings and recommendations to senior management, supporting data-driven decision-making and strategic planning initiatives.

**Qualifications**:
+ Bachelor's degree in Engineering, Construction Management, Finance, or related field. Advanced degree or professional certification (e.g., Certified Cost Professional) is a plus.

+ Proven experience in cost management within the engineering or construction industry, with a strong understanding of project management principles and practices.

+ Proficiency in cost estimation techniques, financial modeling, and budgeting software (e.g., Excel, Primavera, SAP).

+ Excellent analytical skills and attention to detail, with the ability to interpret complex data and draw actionable insights.

+ Strong communication and interpersonal skills, capable of building rapport with cross-functional teams, clients, and external stakeholders.

+ Strategic mindset with a focus on continuous improvement and innovation in cost management processes and methodologies.

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