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Budgeting and Cost Optimization Expert

7 days ago

Riyadh, Ar Riyāḑ, Saudi Arabia Egis Full time

Job Description

  • Project Financial Management: Develop and manage initial cost plans in consultation with all parties, including consultants and stakeholders.
  • Cost Tracking and Reporting: Track and report costs against approved budgets, including committed, incurred, actual/paid, and forecast final/out-turn costs.
  • Financial Analysis: Prepare job cost reports showing variances between budgets and costs, earned value, and movements from prior months.
  • Commercial/Financial Performance: Validate and verify all commercial/financial performance aspects of the project, including benchmarking contractors' claims and forecasts.

Required Skills and Qualifications

  • Minimum of 15 years of experience in cost management within the rail and transportation industry.
  • Strong knowledge of cost control principles, budgeting, and financial analysis.
  • Excellent analytical, problem-solving, and communication skills.