Lead Cost Manager
5 days ago
**Job Title**: Senior Cost Manager
**Location**: Dammam
**Job Summary**:
The Cost Lead Manager is responsible for the financial planning, management, and tracking of project costs in a contracting company. They work closely with project managers, estimators, and procurement teams to control project expenses, ensure cost-efficiency, and support the delivery of projects within the defined financial parameters. The role requires excellent analytical skills, financial acumen, and a thorough understanding of construction industry practices.
**Key Responsibilities**:
- **Budget Management**:
- Develop and manage project budgets, ensuring cost control from project inception to completion.
- Monitor project expenditures and compare them with initial estimates to ensure that the project stays within the budget.
- Prepare periodic cost forecasts and variance analyses, reporting to senior management.
- **Cost Estimation and Control**:
- Collaborate with the estimating team to develop accurate project cost estimates.
- Review and evaluate project costs on a continual basis, identifying areas for cost-saving and optimization.
- Manage cost tracking systems, ensuring that all expenditures are recorded and monitored.
- **Financial Reporting**:
- Prepare detailed financial reports and updates on project costs for both internal stakeholders and clients.
- Present cost-related data to project teams and senior management in a clear and concise manner.
- Report financial progress and flag potential risks to stakeholders.
- **Procurement and Vendor Management**:
- Liaise with procurement teams to ensure that subcontractor and supplier contracts are cost-effective.
- Negotiate pricing and contract terms with vendors and subcontractors to maximize project profitability.
- Manage vendor payment processes, ensuring accurate and timely payments.
- **Risk Management**:
- Identify potential financial risks related to the project and develop mitigation strategies.
- Perform cost risk assessments to proactively manage project finances.
- **Collaboration and Communication**:
- Work closely with project managers, engineers, and other stakeholders to understand project requirements and provide financial guidance.
- Communicate cost-related matters clearly to non-financial stakeholders.
- **Compliance and Auditing**:
- Ensure that all cost management processes comply with company policies, industry standards, and legal requirements.
- Support internal and external audits by providing detailed financial documentation.
**Qualifications and Skills**:
- **Educational Background**:
- Bachelor's degree in Accounting, Finance, Quantity Surveying, Construction Management, or related fields.
- Professional certifications (CMA, CPA, or MRICS) are a plus.
- **Experience**:
- 15-18 years of experience in cost management or financial planning, ideally within the construction or contracting industry.
- Proven track record of managing large-scale construction project costs.
- **Technical Skills**:
- Proficiency in cost management software (SAP, Oracle, or Procore).
- Strong knowledge of cost estimation, budgeting, forecasting, and financial reporting.
- Excellent Excel and financial modeling skills.
- **Key Competencies**:
- Strong analytical skills and attention to detail.
- Ability to manage multiple projects simultaneously.
- Excellent negotiation and communication skills.
- Strong leadership and teamwork skills.
Pay: ﷼20.00 - ﷼25.00 per month
-
Cost Analyst
1 week ago
الدمام, Saudi Arabia Matar Holding Salama Engineering Full time**Position Overview**: **Key Responsibilities**: - **Costing Analysis**: - Prepare and analyze detailed cost reports for manufacturing processes including labor, materials, overhead, and other production-related costs. - Develop standard costs for products and services, regularly updating them to reflect changes in production processes or materials. -...
-
Senior Cost Control Engineer
1 week ago
الدمام, Saudi Arabia Projects Pioneers Contracting Company Full time**Senior Cost Control Engineer (Engineering Background)** **-Job Description** **Job Summary**: The **Senior Cost Control Engineer** is responsible for managing and monitoring project costs, budgets, forecasts, and financial performance to ensure cost efficiency and profitability. This role involves close collaboration with project teams, finance,...
-
Accounting Manager
3 days ago
الدمام, Saudi Arabia Matar Holding Salama Engineering Full time**Position Title**: Accounting Manager - Manufacturing **Reports To**: CEO **Position Summary**: **Key Responsibilities**: - **Accounting Operations**: - Oversee daily, monthly, and annual accounting functions, ensuring accuracy and timeliness of accounting records. - Prepare, review, and analyze financial statements, including balance sheets, income...
-
Project Lead Engineer
7 days ago
الدمام, Saudi Arabia Hitachi Full time**Location**: Dammam, Eastern Region, Saudi Arabia **Job ID**: R0080898 **Date Posted**: 2025-03-06 **Company Name**: HITACHI ENERGY LTD **Profession (Job Category)**: Engineering & Science **Job Schedule**: Full time **Remote**: No **The opportunity** This role shall be responsible for Primary engineering of Gas Insulated Switchgear, active project...
-
Transportation Manager
5 days ago
الدمام, Saudi Arabia Projects Pioneers Contracting Company Full time**Job Title**: Transportation Manager with Engineering Expertise **Location**: Dammam **Reports to**: VP & CEO **Job Summary**: The Transportation Manager will oversee and manage the transportation and logistics operations of the company, ensuring the efficient and cost-effective transportation of materials, equipment, and personnel to and from...
-
Warehouse and Logistic Manager
1 week ago
الدمام, Saudi Arabia Matar Holding Salama Engineering Full time**Job Summary**: The Warehouse and Logistics Manager is responsible for overseeing the efficient operation of the warehouse, including receiving, storing, inventory management, order fulfillment, and distribution. Additionally, the role involves managing logistics operations, including transportation, delivery scheduling, and coordination with third-party...
-
Facility Manager
1 day ago
الدمام, Saudi Arabia Qureos Inc Full timeTo manage FM Services at assigned client sites. - Responsible for FM standards and delivery through KPI's/SLA's. - Complete of monthly client 7P report and present to site leaders for locations within remit by 15th of each month. - Accountable for the financial performance of assigned sites. - Responsible for adherence to business controls and CBRE processes...
-
I&c Gis Team Lead
1 day ago
الدمام, Saudi Arabia HITACHI ENERGY LTD Full time**Description** You as a GIS Installation and commissioning Team Lead will be part of Hitachi Energy business based in Dammam, Saudi Arabia. You will be focusing on providing technical advice to customers including commissioning, installing, and testing of products or equipment including Identifying and correcting more complex problems associated with...
-
Project Manager
1 day ago
الدمام, Saudi Arabia HITACHI ENERGY LTD Full time**Description** You as a Project Manager will be part of Hitachi Energy High Voltage Business based in Dammam, Saudi Arabia. You will be leading the execution of medium size to large and moderately complex GIS projects and ensuring that all related activities are performed in accordance with Hitachi Energy policy, contractual agreements, quality standards,...
-
Business Development Manager
3 days ago
الدمام, Saudi Arabia MEP Contracting Company Full time* Developing the marketing strategy for the company in line with company objectives. - Gather customer and market insights to inform outreach strategies, increase customer conversions, and generate more qualified leads - Present ideas and final deliverables to internal and external teams, and communicate with senior leaders about marketing programs,...