83 Cost Control jobs in Saudi Arabia

Upload approved budgets to Oracle following estimation team handover

- Review and approve purchasing requests against budget allocations

- Prepare budget change requests when required

- Review monthly project accruals for subcontracting and service providers

- Maintain provisions for accruals before month closing

- Review manpower timesheets with planning engineers before system upload

- Prepare monthly three-month cost forecasts

- Coordinate with estimation team on near-term forecast considerations

- Report revenue declaration compared to planned revenue

- Update invoice plans based on actual progress

- Calculate and report unbilled revenue

- Ensure all declared revenue is supported by appropriate documentation

- Collaborate with planning engineers to align physical and financial progress reporting

- Prepare financial progress sections of project reports

- Present financial status and forecasts at Monthly Progress Review meetings

- Utilize planning outputs to prepare revenue forecasts and invoicing plans

- Validate schedule feasibility against budget constraints

- Participate in handover meetings for high-value projects

Desired Candidate Profile

Minimum 5 years of experience as a Cost Control Engineer in EPC projects

- Proficient in financial management systems (e.g., Oracle, SAP)

- Strong understanding of cost control principles in EPC project environments

- Experience in budget management, accrual accounting, and financial forecasting

- Demonstrated ability to analyze cost variances and recommend corrective actions

- Experience in revenue recognition and earned value management

- Strong analytical and quantitative skills

- Excellent attention to detail and accuracy in financial reporting

- Experience in multi-discipline coordination within EPC environment

Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information. We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at

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Gobbind - HR

Upload approved budgets to Oracle following estimation team handover

- Review and approve purchasing requests against budget allocations

- Prepare budget change requests when required

- Review monthly project accruals for subcontracting and service providers

- Maintain provisions for accruals before month closing

- Review manpower timesheets with planning engineers before system upload

- Prepare monthly three-month cost forecasts

- Coordinate with estimation team on near-term forecast considerations

- Report revenue declaration compared to planned revenue

- Update invoice plans based on actual progress

- Calculate and report unbilled revenue

- Ensure all declared revenue is supported by appropriate documentation

- Collaborate with planning engineers to align physical and financial progress reporting

- Prepare financial progress sections of project reports

- Present financial status and forecasts at Monthly Progress Review meetings

- Utilize planning outputs to prepare revenue forecasts and invoicing plans

- Validate schedule feasibility against budget constraints

- Participate in handover meetings for high-value projects

Desired Candidate Profile

Minimum 5 years of experience as a Cost Control Engineer in EPC projects

- Proficient in financial management systems (e.g., Oracle, SAP)

- Strong understanding of cost control principles in EPC project environments

- Experience in budget management, accrual accounting, and financial forecasting

- Demonstrated ability to analyze cost variances and recommend corrective actions

- Experience in revenue recognition and earned value management

- Strong analytical and quantitative skills

- Excellent attention to detail and accuracy in financial reporting

- Experience in multi-discipline coordination within EPC environment

Disclaimer: Naukrigulf.com is only a platform to bring jobseekers & employers together. Applicants are advised to research the bonafides of the prospective employer independently. We do NOT endorse any requests for money payments and strictly advice against sharing personal or bank related information. We also recommend you visit Security Advice for more information. If you suspect any fraud or malpractice, email us at

N/A

Gobbind - HR

1 week ago Be among the first 25 applicants

With three decades of contracting experience, Al Bawani Construction is proud to hold a Class-1 rating – this is the highest ranking in the Saudi turnkey-project classification system. The company is also ISO9001:2015 certified for its Quality Management System.

Job Title: Cost Control Manager

Division: Project control

Department: Budgeting & Cost Control

Budgeting & Cost Control: Director, Budgeting & Cost Control

Role Purpose:

A Cost Control Manager is responsible for monitoring, analyzing, and managing project costs of Albawani Construction Company's comprehensive project budgeting and cost control systems to ensure financial efficiency and budget compliance. The primary goal is to optimize project expenditures, minimize cost overruns, and enhance profitability while maintaining quality standards.

Job Accountabilities

• Develop project budgets and establish cost baselines.
• Define a Cost Breakdown Structure (CBS) aligned with the Work Breakdown Structure (WBS).
• Ensure all cost elements, including direct and indirect costs, are properly allocated.
• Track project expenditures against the approved budget.
• Identify cost variances, trends, and potential overruns.
• Implement corrective actions to mitigate financial risks.
• Perform earned value management (EVM) to measure project performance
• Prepare cost forecasts and ensure accurate cash flow projections.
• Generate periodic financial reports, including Cost Performance Reports (CPR) and variance analyses.
• Provide management with real-time insights into decision-making.
• Assess and documents the financial impact of scope changes and variations.
• Ensure change orders are evaluated and approved before execution.
• Maintain strict adherence to contractual cost control measures.
• Ensure compliance with financial policies, project contracts, and industry standards.
• Maintain audit-ready financial records for internal and external reviews.
• Coordinate with finance, procurement, and project teams to uphold cost control policies.
• Collaborate with project managers, engineers, finance teams, and procurement to ensure cost efficiency.
• Provide cost insights to support negotiation strategies with vendors and subcontractors.
• Act as a financial advisor to senior management on cost-related decisions.
• Would you like me to tailor this to a specific industry or project type?
• Fast-paced and detail-oriented
• Project sites and other offices for cost reviews and audits.
• Heavy reliance on cost management tools and software for real-time tracking and forecasting.
• Medium Risk (traveling and projects site visits)

JOB SPECIFICATIONS

Industry / Domain

Construction residential, commercial, medical, Entertainment, infrastructure Projects

Necessary Knowledge and Experience

• Budgeting & Cost Estimation – Understanding of cost breakdown structures (CBS) and work breakdown structures (WBS).
• Forecasting & Cost Tracking – Ability to analyze financial trends and predict cost overruns.
• Variance Analysis – Identifying cost deviations and implementing corrective measures.
• Cash Flow Management – Ensuring sufficient project funding and financial stability.
• Project Lifecycle & Phases – Knowledge of project planning, execution, and closeout.
• Earned Value Management (EVM) – Measuring project performance against budget and schedule.
• Risk Management – Identifying cost-related risks and mitigation strategies.
• Contract Management – Understanding contract types (Lump Sum, Cost-Plus, Unit Price, etc.) and financial clauses.
• Change Order & Claims Management – Assessing cost impact of variations and scope changes.
• Procurement Strategies – Managing supplier and subcontractor costs effectively.
• Construction Methods & Materials – Understanding cost implications of different construction techniques.
• Labor & Equipment Costing – Knowledge of labor productivity rates, equipment rental costs, and depreciation.
• Quality & Safety Standards – Ensuring compliance without unnecessary cost increases.
• Cost Control Software – Proficiency in tools like Oracle Primavera (P6), SAP, CostX, Procore, or Aconex.
• ERP & Accounting Systems – Experience with financial software for cost tracking.
• MS Excel & Data Analysis – Strong skills in spreadsheets, pivot tables, and financial modeling.

Education and Certification Minimum Requirements

1.Bachelor’s Degree (Mandatory) A degree in one of the following fields is usually required:

• Civil Engineering
• Construction Management
• Quantity Surveying
• Finance or Accounting
• Business Administration (with a focus on cost control or finance)

2. Master’s Degree (Optional, but Preferred)

• A master’s in business administration (MBA), Construction Management, or Project Management can be an added advantage for career growth and leadership roles.

3. Professional Certifications (Highly Recommended)

To enhance expertise and credibility, the following certifications are beneficial:

• Certified Cost Professional (CCP) – AACE International
• Project Management Professional (PMP) – PMI
• Chartered Quantity Surveyor (MRICS) – RICS
• Primavera P6 Certification – Oracle (for cost scheduling and control)

4. Additional Training & Courses

• Earned Value Management (EVM)
• Financial Risk Management

Job Specific Technical Skills

• Cost Estimation & Budgeting – Ability to prepare and manage project budgets, including cost breakdown structures (CBS).
• Cost Tracking & Monitoring – Ensuring actual costs align with the budget through real-time tracking.
• Variance Analysis – Identifying and explaining differences between planned and actual costs.
• Earned Value Management (EVM) – Measuring project performance based on scope, cost, and schedule.
• Cash Flow Analysis – Managing cash flow forecasts to ensure project financial stability.

2. Project Planning & Scheduling

• Work Breakdown Structure (WBS) – Structuring projects into manageable cost elements.
• Primavera P6 & MS Project – Proficiency in scheduling tools to align cost tracking with project timelines.
• Resource Allocation & Cost Loading – Assigning cost values to labor, materials, and equipment.

3. Procurement & Contract Administration

• Contract Cost Management – Understanding FIDIC, NEC, and other contract types.
• Change Order & Claims Analysis – Evaluating cost impact of variations and contractual claims.
• Supplier & Subcontractor Cost Control – Managing procurement costs and evaluating financial performance.

4. Data Analysis & Reporting

• Financial Reporting & Dashboards – Preparing cost reports, S-curves, and key financial metrics.
• MS Excel (Advanced) – Using pivot tables, VLOOKUP, and financial modeling for cost analysis.
• Power BI & Data Visualization – Creating cost performance dashboards for management reporting.

5. Software & Tools Proficiency

• ERP Systems – SAP, Oracle ERP, JD Edwards for cost tracking and financial reporting.
• Cost Management Software – CostX, Procore, Candy CCS, or Aconex.
• Risk-Based Cost Forecasting – Identifying financial risks and preparing mitigation strategies.

Scenario Analysis & Sensitivity Analysis – Evaluating different financial outcomes based on project variables.

• Competitive salary and comprehensive benefits package
• Opportunities for professional development and growth
• Collaborative and innovative work environment

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Project Management
• Industries Construction

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Direct message the job poster from Abunayyan Holding

Abunayyan Holding is a leading Saudi Arabian conglomerate with a diverse portfolio spanning multiple sectors, including water, energy, and telecommunications. Established in 1955, the company is committed to innovation and excellence, providing sustainable solutions that meet the needs of its customers and contribute to the development of the Kingdom. With a strong emphasis on quality and efficiency, Abunayyan Holding plays a crucial role in shaping the future of various industries in Saudi Arabia and beyond.

At Abunayyan Holding, we foster a dynamic and forward-thinking culture where talent thrives. By joining our team, you’ll be part of a company that values expertise, collaboration, and impactful contributions—helping to build infrastructure, enhance lives, and redefine industry standards.

If you’re looking to grow your career with a company that combines heritage with innovation, Abunayyan Holding is where your skills will make a lasting difference.

Job Overview:

We are seeking an experienced Cost Control Manager to oversee and optimize cost management activities within the water and wastewater treatment sector. The ideal candidate will be responsible for monitoring project budgets, analyzing cost variances, implementing cost-saving strategies, and ensuring financial efficiency across engineering, procurement, and construction (EPC) projects. This role requires strong analytical skills, financial acumen, and industry-specific expertise to drive cost-effective solutions while maintaining high-quality standards.

Key Responsibilities:

• Develop, implement, and maintain cost control procedures and policies for water and wastewater treatment projects.
• Monitor project budgets, track expenditures, and ensure adherence to financial targets.
• Analyze cost variances, identify risks, and recommend corrective actions to mitigate budget overruns.
• Prepare detailed cost reports, forecasts, and financial models for senior management.
• Collaborate with project managers, engineers, and procurement teams to optimize cost efficiency.
• Review contracts, change orders, and vendor invoices to ensure compliance with budgetary constraints.
• Conduct risk assessments related to cost fluctuations, material pricing, and labor costs.
• Support tender and bid evaluations by providing cost estimates and feasibility assessments.
• Ensure compliance with financial regulations, company policies, and industry best practices.
• Implement cost-reduction initiatives without compromising project quality or timelines.

Required Skills & Qualifications:

• Bachelor’s degree in Finance, Accounting, Engineering, or a related field. Master’s degree or professional certification (e.g., CMA, CPA, PMP) is a plus.
• Minimum 10 years of experience in cost control, financial management, or project controls, preferably in the water/wastewater treatment, EPC, or utilities sector.
• Strong expertise in budgeting, forecasting, cost analysis, and financial reporting.
• Proficiency in ERP systems (e.g., SAP, Oracle), cost control software, and advanced Excel skills.
• Knowledge of EPC contract terms, procurement processes, and tender management.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication and negotiation skills for stakeholder management.
• Familiarity with Saudi Arabian market dynamics, regulations, and cost structures is highly desirable.

Desired Experience:

• Previous work in large-scale water treatment plants, desalination projects, or wastewater management.
• Experience in risk assessment, value engineering, and lifecycle cost analysis.
• Ability to work in a fast-paced, deadline-driven environment with cross-functional teams.

Why Join Us?

This is an exciting opportunity to contribute to critical water infrastructure projects in Saudi Arabia while working with a dynamic and growing organization under a renowned holding company. We offer competitive compensation, professional growth opportunities, and a collaborative work environment.

• Seniority level Director

• Employment type Full-time

• Job function Finance and Engineering
• Industries Oil and Gas

Referrals increase your chances of interviewing at Abunayyan Holding by 2x

Riyadh, Riyadh, Saudi Arabia 22 hours ago

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With three decades of contracting experience, Al Bawani Construction is proud to hold a Class-1 rating – this is the highest ranking in the Saudi turnkey-project classification system. The company is also ISO9001:2015 certified for its Quality Management System.

Job Title: Cost Control Engineer

Main roles and responsibilities:

• Responsible for the implementation of Cost Control Department-related policies and procedures.
• Controlling and monitoring the project total expenditure, including verifying and checking the invoices and claims from suppliers, vendors, and subcontractors to ensure that all project expenditures are captured and properly recorded.
• Following up & coordinating with the budgeting department for any update on the approved budget.
• Coordinating with budgeting departments to establish the proper coding of all activity items.
• Following up on the uploading of the project budget in 5 categories and the related data in the ERP system.
• Following up on the daily cost data required for the cost entries in the ERP system.
• Preparing and reviewing data required for the cost report, Materials, Manpower, Equipment, Sub-cont., uncategorized cost and Indirect cost.
• Monitoring on daily basis all forms of cost control data which are applied on sites.
• Following up any issued variation orders or new additional items to create them in the ERP system.
• Analyzing the actual cost data to confirm it is matching the activities done on-site.
• Advising the Senior Cost Control Engineer of any potential cost overrun.
• Advising the Senior Cost Control Engineer of the cost negative Variance when they occur.
• Calculating the Earned Value (depending on the Actual Progress on Site) and comparing it with its actual cost.
• Calculating the Forecast Cost at completion & Cost variance at completion under supervision of the Senior Cost Control Engineer.

Education and Experience:

• Bachelor’s degree in engineering, Quantity Surveying or other relevant disciplines
• Minimum Experience 2+ years in Cost Control.
• Experience in Mixed use Projects.
• Candidate must be proficient with the procedure, project control software, and should be familiar with the scheduling process.
• Reasonable knowledge of construction projects Cost management software and MS Office Software.
• Competitive salary and comprehensive benefits package
• Opportunities for professional development and growth
• Collaborative and innovative work environment

• Seniority level Entry level

• Employment type Full-time

• Industries Construction

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Riyadh, Riyadh, Saudi Arabia 17 hours ago

Riyadh, Riyadh, Saudi Arabia 24 minutes ago

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Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design & development centers and a host of facilities in the Middle East and other countries.

alfanar Construction is classified as a Grade I contractor by the Contractors Classification Committee of the Government of Saudi Arabia.

alfanar Building Systems manufactures and markets a variety of building construction products and systems. .

The core manufacturing activities of the industries operating under alfanar Building Systems are:

• Precast concrete products and architectural elements

We are currently seeking a highly skilled and motivated Cost Control Engineer to join our dynamic team. The ideal candidate will play a crucial role in the planning and execution of projects, ensuring that all aspects are organized, coordinated, and completed in a timely manner. This position requires a strong understanding of project management principles, excellent communication skills, and the ability to collaborate effectively with cross-functional teams.

Cost Estimating, Budgeting, and Tracking:

• Develop and maintain project budgets considering all potential costs (labor, materials, equipment, subcontractors, etc.), ensuring accurate and timely reporting of project costs.
• Track and monitor project expenditures, comparing actual costs to budgeted costs, and report any variances to project management.

Cost Forecasting and Control:

• Prepare cost forecasts to predict future financial outcomes of projects and provide recommendations for cost control measures.
• Analyze cost trends, identify potential risks, and prepare regular cost reports for projects.

Change Management and Scope Control:

• Manage and control changes to project scope, budget, and schedule, ensuring that all changes are properly documented and approved.

Performance Evaluation and Alignment:

• Evaluate project performance using earned value management.
• Coordinate with project planners and schedulers to ensure that project timelines and milestones are aligned with budget constraints.
• Develop and maintain project budgets considering all potential costs (labor, materials, equipment, subcontractors, etc.), ensuring accurate and timely reporting of project costs.
• Track and monitor project expenditures, comparing actual costs to budgeted costs, and report any variances to project management.
• Prepare cost forecasts to predict future financial outcomes of projects and provide recommendations for cost control measures.
• Manage and control changes to project scope, budget, and schedule, ensuring that all changes are properly documented and approved.
• Evaluate project performance using earned value management
• Coordinate with project planners and schedulers to ensure that project timelines and milestones are aligned with budget constraints.
• Analyze cost trends, identify potential risks and prepare regular cost reports for projects.

• Ability to obtain updated soft and technical skills related to the job.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.
• Utilize resources effectively to achieve objectives within efficient cost and time.
• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.
• Required Experience: (5-8 years) with Construction’s field.
• Good experience with SAP System.
• Good experience with all Microsoft office & Power BI.
• Good Experience with Cost Control field.
• Proficiency in project management software.
• Strong analytical and communication skills.

Bachelor Degree in Civil Engineering or Any relevant field

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CBS is on the lookout for a detail-oriented and experienced Cost Control Engineer to join our dynamic team. In this role, you will be responsible for monitoring and managing project costs, ensuring that budgets are adhered to and financial targets are met. You will analyze project cost data, prepare estimates, and develop financial reports to provide insights into project performance and profitability. Your expertise will aid in cost forecasting, identifying variances, and implementing corrective actions as necessary. The ideal candidate will have a strong background in cost engineering, excellent analytical skills, and the ability to communicate financial information clearly to project stakeholders. If you are dedicated to driving efficiency and enhancing financial performance in construction projects, this is the perfect opportunity for you to make an impact at CBS.

Responsibilities

• Develop and maintain project cost control systems and procedures
• Prepare detailed cost estimates and budgets for projects, ensuring all costs are accurately accounted for
• Monitor and track project expenditures, analyzing variances against budget forecasts
• Provide regular updates to project managers and stakeholders regarding financial status and potential issues
• Assist in the preparation of financial reports, summarizing project costs, forecasts, and variances
• Collaborate with project teams to identify cost-saving opportunities and improve efficiency
• Implement best practices in cost control and promote financial awareness across project teams
  
  
  

• Bachelor's degree in Civil Engineering, Construction Management, or a related field
• A minimum of 8 years of experience in cost control or cost engineering roles
• Strong knowledge of construction costs, budgeting, and financial management
• Proficiency in cost control software and Microsoft Excel
• Excellent analytical, problem-solving, and reporting skills
• Strong communication skills, with the ability to present financial information clearly
• Certification in cost engineering (e.g., Certified Cost Professional - CCP) is a plus

• Seniority level Mid-Senior level

• Employment type Full-time

• Industries IT Services and IT Consulting

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