Project Manager Budget Control Specialist

5 days ago


Riyadh, Ar Riyāḑ, Saudi Arabia Bexprt Full time
Job Description

The Project Management Office Budget Controlling & Governance Expert plays a crucial role in managing the internal Profit & Loss (P&L) for projects. This individual is responsible for validating all contractors' and suppliers' invoicing, overseeing project expenditure, and ensuring that financial governance and budget control processes are effectively implemented and maintained throughout the project lifecycle.

Key Responsibilities
  • P&L Management: Oversee and manage the internal P&L for the project, monitoring project financial performance and identifying areas for cost optimization.
  • Invoicing Validation: Validate and verify all invoices from contractors and suppliers, ensuring accuracy and compliance with contractual agreements.
  • Expenditure Control: Monitor and control project expenditure to ensure adherence to budgetary constraints, addressing any discrepancies or deviations from the approved budget.
  • Financial Reporting: Prepare and present regular financial reports to project stakeholders and management, providing insights and recommendations based on financial analysis and performance.
  • Budget Governance: Develop and implement budget control processes and policies, ensuring compliance with financial governance standards and regulations.
  • Collaboration and Coordination: Work closely with project managers, finance teams, and other stakeholders to ensure effective budget management, coordinating with contractors and suppliers to resolve any invoicing or financial issues.
  • Risk Management: Identify financial risks and implement mitigation strategies, communicating and managing financial risks appropriately.


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