94 Cost Control jobs in Saudi Arabia

The Cost Control Manager ensures the financial health of projects by developing, monitoring, and managing budgets. They provide accurate cost estimates, track expenditures, and identify variances to maintain financial control. Their role involves implementing effective cost control systems and strategies to optimize resource allocation and achieve financial efficiency.

Job Responsibilities

Develop detailed project and departmental budgets, ensuring they align with overall organizational financial goals.

Prepare accurate cost estimates for projects, incorporating all potential expenses and risks to forecast financial needs.

Monitor and track project expenditures continuously, comparing actual costs against budgeted amounts.

Analyze cost variances, identify reasons for discrepancies, and recommend corrective actions to manage budget deviations.

Generate detailed financial reports, highlighting key metrics, trends, and issues for senior management and stakeholders.

Implement and maintain robust cost control systems and procedures to ensure financial accuracy and efficiency.

Identify financial risks and develop mitigation strategies to prevent cost overruns and budgetary impacts.

Review and manage contracts, ensuring compliance with financial terms and addressing any cost-related issues.

Communicate effectively with project managers, finance teams, and other stakeholders to ensure alignment on financial matters.

Identify opportunities for improving cost control practices and processes, implementing changes to enhance financial management.

Job Experience

Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is a plus

Education

• Bachelor's Degree in Finance, Accounting, Economics, Pubic Administration or business administration, and other related field
• Master's degree in Accounts and Finance

• Seniority level Mid-Senior level

• Employment type Full-time

• Industries Construction and Building Construction

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Riyadh, Riyadh, Saudi Arabia 56 minutes ago

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We are assisting a client in Saudi Arabia currently looking for Cost Control Engineer with shipbuilding/ship maintenance experience.

Job Objective:
Ensure that all project Cost Control related activities are carried out in accordance with Company policies and Procedures.

Roles & Responsibilities:

• Develop systems and procedures for Cost Control Function (including interface with ERP team during establishment / troubleshooting phase) and monitor project total expenditure including verifying and checking of invoices and claims from Suppliers, Vendors and Subcontractors to ensure that all project expenditures are captured and properly recorded.
• Understand cost estimates including material, manpower, Asset Management & Marine Operation. Coordinate with the Business Development team whenever discrepancies are noticed.
• Upload all relevant project cost and expenses data in the designated project management software with clear schedules of when the expenses are likely to be incurred.
• Create a process of information flow with respect to each expense head (such as material, manpower, AMMO, PMT etc.).
• Monitor cost performance and generate variance / exception reports as and when required. Present the same to Project manager and obtain approval to distribute further as per distribution matrix.
• Be responsible for assessing potential Change Management (Internal / Customer / Supplier). Coordinate with the project stake holders on the same.

• Engineering Degree
• PMP Certificate
• Earned Value Management exposure - required
• Minimum 9-12 years of experience preferable in the Shipbuilding/Ship Maintenance industry

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Direct message the job poster from ECEC East Consulting Engineering Company

We are looking for Cost Control Manager to join our team in ECEC.

Key Responsibilities:

• Develop and implement comprehensive cost management strategies aligned with organizational objectives, ensuring a proactive approach to identifying and capitalizing on cost-saving opportunities.
• Analyze budgetary data with precision, tracking expenditures and variances to maintain financial discipline. Provide regular and insightful reports to executive leadership, enabling informed decision-making.
• Collaborate across business units to enhance cost-efficiency in operational processes. Identify and implement measures to streamline workflows without compromising quality or productivity.
• Conduct thorough financial analyses to identify trends, assess the impact of cost drivers, and provide actionable insights to support key business decisions.
• Liaise with cross-functional teams to facilitate a holistic understanding of cost dynamics. Provide financial expertise and collaborate on initiatives that align cost considerations with broader business goals.
• Establish, refine, and enforce robust cost control frameworks. Develop and implement policies and procedures to govern cost-related activities, fostering a culture of financial responsibility.
• Optimize the allocation of financial resources by assessing the efficiency and effectiveness of various investments and expenditures.
• Conduct in-depth variance analyses to identify deviations from budgeted costs and formulate corrective actions to address discrepancies.
• Utilize forecasting models to predict future cost trends and facilitate proactive decision-making. Provide accurate and timely financial forecasts to support overall business planning.
• Ensure adherence to financial regulations, accounting standards, and internal policies. Implement measures to mitigate financial risks and maintain compliance with relevant regulatory requirements.
• Effectively communicate financial insights and cost-related information to stakeholders, fostering a transparent and collaborative environment.
• Drive a culture of continuous improvement by identifying areas for optimization, implementing best practices, and staying abreast of industry trends and benchmarks.
• Identify and assess financial risks associated with cost structures. Develop and implement risk mitigation strategies to safeguard the organization's financial stability.
• Establish and monitor key performance indicators (KPIs) related to cost control and financial management. Regularly assess and report on the achievement of established metrics.

Requirements:

• The ideal candidate should hold a bachelor’s or master’s degree in civil or architectural Engineering from an internationally recognized university.
• Not less than 15 years of experience in construction management of large multi-site projects.
• You should have excellent communication skills and should have managed a multicultural workforce.

• Seniority level Mid-Senior level

• Employment type Full-time

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Get notified about new Cost Control Manager jobs in Riyadh, Saudi Arabia .

Riyadh, Riyadh, Saudi Arabia 14 hours ago

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The Cost Control Engineer is responsible for monitoring, controlling, and forecasting project costs to ensure alignment with the approved budget and financial goals. This role supports project managers by providing timely and accurate cost reports, identifying cost variances, and recommending corrective actions.

Key Responsibilities:

Develop and maintain detailed cost control systems, including budgets, forecasts, and cost reports.

Monitor project expenditures and ensure alignment with the budget and contract terms.

Analyze project cost trends and provide variance analysis between actual and planned costs.

Support procurement and contract teams with cost-related data for negotiations and approvals.

Update cost reports on a regular basis and present to project stakeholders.

Participate in project planning and scheduling activities to align cost forecasts with progress.

Requirements:

Bachelor’s degree in Engineering, Construction Management, Finance, or a related field.

2–4 years of experience in cost control within construction, engineering, or infrastructure projects.

• Seniority level Mid-Senior level

• Employment type Full-time

• Job function Project Management
• Industries Government Administration

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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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responsible for monitoring expenses, comparing budgets with actual spending, and overseeing cost management during major changes in products or processes. generate reports that influence managerial decisions and should have expertise in data and financial analysis. Their role involves setting standard costs, examining discrepancies in expenditures, and producing detailed reports both regularly and as needed. Additionally, they design and oversee budgets, track expenditures, and perform financial process audits and transaction evaluations. Skills like problem-solving, team-working, project management and being detail-oriented are highly desirable

• Principal Accountabilities: (the 6-9 main areas of responsibility)
  
  
  

• Continuous monitoring of actual costs.
• Prepare the detailed planning of the project’s budget.
• Ensure department managers meet budget submission deadlines
• Analyse financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
• Co-ordinate with Projects cost controller / Project manager / Director
• Forecasting future expenditures.
• Examining discrepancies in expenditures
• Optimizing as necessary to avoid budget overruns.
• Maintenance of the allocation system (cost center - allocation methodology – cost category)
• Performing the month end close closing activity and checklist.
• Preparation of the project performance reports
• Closely cooperate with operation team
• Participate in the Simplification (standardized the process)
  
  
  

• Define performance goals at the start of the year in discussion with the reporting manager and ensure that the goals are monitored and achieved during the course of the year
• Take ownership of your own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just training
• Understand the competencies relevant to the role, and work towards displaying as well as developing these effectively
• Keep abreast of relevant professional developments, new techniques, and current issues through continued education and professional networks
• Handle any additional tasks as per business needs
  
  
  

• Follow all relevant company and ePMO department policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Comply with all relevant safety, quality, and environmental management policies, procedures, and controls to ensure a healthy and safe work environment.
• Comply with all relevant information security practices and standards to ensure data integrity and confidentiality.
• Key Relationships: (What are the key internal and external relationships necessary for achievement of the job accountabilities)
  
  
  

• Planning & Cost Control Supervisor
• PMO Department Employees
• Finance Department Employees
• Projects Employees
  
  
  

• Vendors
• Subcontractors
• Consultants
• Governmental Authorities & Ministries
  
  
  

• Specification
  
  
  

• Degree
  
  
  

• Years of Experience
• 8+ years of relevant experience in construction projects cost control
• PMP Certificate preferrable. CMA or any financial certificates
• Skills and Competencies (What is required for fully acceptable performance in the job?)
  
  
  

• Seniority level Not Applicable

• Employment type Full-time

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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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Join to apply for the Cost Control Engineer role at AL-AYUNI Investment and Contracting Company

3 weeks ago Be among the first 25 applicants

Join to apply for the Cost Control Engineer role at AL-AYUNI Investment and Contracting Company

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responsible for monitoring expenses, comparing budgets with actual spending, and overseeing cost management during major changes in products or processes. generate reports that influence managerial decisions and should have expertise in data and financial analysis. Their role involves setting standard costs, examining discrepancies in expenditures, and producing detailed reports both regularly and as needed. Additionally, they design and oversee budgets, track expenditures, and perform financial process audits and transaction evaluations. Skills like problem-solving, team-working, project management and being detail-oriented are highly desirable

• Principal Accountabilities: (the 6-9 main areas of responsibility)
  
  

• Continuous monitoring of actual costs.
• Prepare the detailed planning of the project's budget.
• Ensure department managers meet budget submission deadlines
• Analyse financial information (e.g. revenues, expenditures and cash management) to ensure all operations are within budget
• Co-ordinate with Projects cost controller / Project manager / Director
• Forecasting future expenditures.
• Examining discrepancies in expenditures
• Optimizing as necessary to avoid budget overruns.
• Maintenance of the allocation system (cost center - allocation methodology - cost category)
• Performing the month end close closing activity and checklist.
• Preparation of the project performance reports
• Closely cooperate with operation team
• Participate in the Simplification (standardized the process)
  
  

• Define performance goals at the start of the year in discussion with the reporting manager and ensure that the goals are monitored and achieved during the course of the year
• Take ownership of your own learning agenda by identifying development needs in consultation with the reporting manager and working towards bridging the gaps through various means which go beyond just training
• Understand the competencies relevant to the role, and work towards displaying as well as developing these effectively
• Keep abreast of relevant professional developments, new techniques, and current issues through continued education and professional networks
• Handle any additional tasks as per business needs
  
  

• Follow all relevant company and ePMO department policies, processes, standard operating procedures, and instructions so that work is carried out in a controlled and consistent manner.
• Comply with all relevant safety, quality, and environmental management policies, procedures, and controls to ensure a healthy and safe work environment.
• Comply with all relevant information security practices and standards to ensure data integrity and confidentiality.
• Key Relationships: (What are the key internal and external relationships necessary for achievement of the job accountabilities)
  
  

• Planning & Cost Control Supervisor
• PMO Department Employees
• Finance Department Employees
• Projects Employees
  
  

• Vendors
• Subcontractors
• Consultants
• Governmental Authorities & Ministries
  
  

• Specification
  
  

• Degree
  
  

• Years of Experience
• 8+ years of relevant experience in construction projects cost control
• PMP Certificate preferrable. CMA or any financial certificates
• Skills and Competencies (What is required for fully acceptable performance in the job?)
  
  

• Seniority level Not Applicable

• Employment type Full-time

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