Cost Management Specialist

4 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia CARE Full time

CARE is seeking an experienced Cost Management Specialist to join our team. As a key member of our project delivery team, you will be responsible for overseeing all aspects of cost management, contract administration, and compliance within the project lifecycle.

Key Responsibilities:
  • Cost Planning: Prepare and manage budgets for projects, ensuring accurate cost control through thorough planning and estimation.
  • Conduct detailed cost estimates and planning for project phases, closely monitoring financial status.
  • Identify potential overruns and report them to management in a timely manner.
  • Assess and approve subcontractor invoices and payments, maintaining transparent financial records.
Contract Negotiation:
  • Draft, review, and negotiate contracts and agreements with clients, contractors, and suppliers, ensuring alignment with company policies and regulatory requirements.
  • Maintain comprehensive records of contractual correspondence and documentation, facilitating easy access and retrieval.
  • Manage variations and claims from contractors and suppliers, applying commercial acumen to resolve disputes effectively.
  • Resolve issues regarding contract terms and conditions, upholding the integrity of the agreement.
Financial Reporting:
  • Prepare and present regular reports on project financial status, including cost projections, actuals, and variances, enabling data-driven decision-making.
  • Maintain accurate and up-to-date records of project costings, procurement, and contracts, facilitating transparency and accountability.
Team Collaboration:
  • Collaborate closely with project managers, engineers, and other stakeholders to ensure project objectives are met, fostering effective communication and coordination.
  • Provide expert advice and support to senior management regarding contractual and cost-related matters, contributing to informed business decisions.
Quality Control:
  • Ensure that all project work complies with company policies, safety regulations, and relevant industry standards, upholding the highest standards of quality and compliance.
  • Conduct audits and assessments of contractor performance and financial status, verifying adherence to contractual terms and company expectations.
Required Qualifications & Skills:
  • Bachelor's degree in Quantity Surveying, Construction Management, Engineering, or a related field.
  • Proven experience in quantity surveying, contract management, within the construction industry.
  • Strong understanding of contract law and commercial management principles.
  • Proficiency in project management and cost estimation software, staying updated with the latest tools and technologies.
  • Excellent communication and negotiation skills, able to build strong relationships with stakeholders.
  • Ability to work under pressure, managing multiple projects simultaneously and meeting tight deadlines.


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