1 Engineering Economics jobs in Saudi Arabia
Cost Engineer
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Job Description
This is an exciting opportunity to work at the forefront of one of the most transformative projects in Saudi Arabia's history. A visionary giga-project that aims to create a world-class entertainment, sports, and cultural destination, offering unparalleled experiences to visitors from around the globe. Our project aims to deliver a world-class entertainment and tourism destination, showcasing thrilling attractions, diverse entertainment offerings, and captivating cultural experiences.
**What You'll Be Doing**:
- Provides leadership to the Cost/QS Group and in conjunction with the Project Controls Manager assigns priorities.
- Monitors the review and coordination of project-related payments, i.e., payment certificates and invoices for contractors and consultants.
- Checks and approves work performed by the Senior and Cost/QS Engineers as necessary.
- Responsible to provide the financial report status of construction contracts and consultancy agreements that will be issued regularly.
- Manages the preparation and update of the monthly the cash flow expenditures and budget forecast for submittal to managment.
- Makes recommendations to management regarding variation orders, contractor’s cost proposals and engineer’s recommendations; and the cost impact of revisions or changes in design as required.
- Manages the checks and verification of the consultants estimates.
- Supports the tender process and financial evaluation of bids as required.
- Performs cost-benefit analysis as required.
- Monitors and reports on the progress any conditions which would affect project cost.
- Prepare the needed reports.
- Ensures adherence to all corporate, contractual, ethics and safety standards, policies, and procedures.
- Performs other responsibilities associated with this position as may be appropriate.
**What Required Skills You'll Bring**:
- Degree in Engineering or related discipline with minimum 6 years’ experience in construction projects, specifically management experience across multi-disciplinary teams.
- Advantageous to have extensive experience of significant PM/CM contracts.
- Cost Engineering Certified is a plus.
- Strong communication skills in English, written and spoken.
**Minimum Clearance Required to Start**:
Not Applicable/None
Parsons is an equal opportunity employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran.
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Financial Analyst (Cost & Revenue Analysis) – Mekkah
Posted 9 days ago
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Join to apply for the Financial Analyst (Cost & Revenue Analysis) – Mekkah role at SYSTRA
Join to apply for the Financial Analyst (Cost & Revenue Analysis) – Mekkah role at SYSTRA
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SYSTRA is one of the world's leading engineering and consultancy groups specialising in public transport and sustainable mobility. With over 10,300 employees, SYSTRA's mission is to design safe and sustainable transport solutions to bring people together, develop social inclusion and facilitate access to employment, education and leisure throughout the world.
For 65 years, the Group has been working alongside cities and regions to contribute to their development by creating, improving and modernising their infrastructure and transport systems, throughout the life cycle of their projects. SYSTRA is involved from the earliest stages of design through to the testing, deployment and maintenance phases. The company provides all its services in over 80 countries worldwide and generates 74% of its turnover internationally. With its new services, SYSTRA supports its clients and partners in their digital, ecological and energy transition, in order to invent the mobility of tomorrow.
Context
We are currently looking for a Financial Analyst for one of our projects in Mekkah. The role will provide financial insights, analysis, and reporting relating to costs and revenues for transport/mobility projects. The Financial Analyst supports the Client in driving financial performance, ensuring cost control, and maximizing revenue opportunities, while strengthening financial governance in project deliver
Missions/Main Duties
- Strategic Cost Analysis & Control:
- Oversee, review, and challenge project cost structures, budgets, and expenditures across multiple government transport/mobility projects.
- Lead continuous monitoring and analysis of costs, forecasting, and identifying trends or risks at program and portfolio levels.
- Advise senior stakeholders on corrective actions and value engineering opportunities.
- Revenue Analysis & Forecasting:
- Direct and validate revenue stream analysis, revenue recognition, and income forecasting aligned with government funding models and multi-year contracts.
- Analyze alternative funding mechanisms and support delivery in achieving commercial strategy objectives.
- Advanced Financial Modeling & Scenario Planning:
- Develop and maintain complex financial models for strategic planning, life-cycle cost analysis, and program optimization.
- Run sensitivity analysis and “what-if” scenarios for strategic decision-making at steering committee and board level.
- Program Financial Governance:
- Ensure robust compliance with government policies, procedures, procurement guidelines, and contractual obligations.
- Drive the implementation of financial controls, audit-readiness, and reporting standards in collaboration with government audit and compliance teams.
- Stakeholder & Partner Engagement:
- Act as the primary financial advisor to the Client, interacting directly with senior government representatives, client finance teams, and delivery partners.
- Facilitate financial reviews, audits, and reporting sessions for executive and government oversight.
- Reporting & Executive Support:
- Prepare, present, and defend executive-level reports, dashboards, and comprehensive financial summaries, tailored for government and regulatory audiences.
- Maintain transparent, auditable records and analyses to support business case development and benefits realization.
- Bachelor’s degree in Finance, Accounting, Economics, or related field; Master’s degree or MBA preferred.
- Professional certification (CFA, CIMA, CPA, or international equivalent) is highly desirable.
- Minimum 20 years’ progressive experience in financial analysis within large, complex, multistakeholder project environments.
- Significant expertise in the transport, mobility, or public sector infrastructure domain, preferably on the client or delivery partner side for government projects.
- Extensive track record of providing executive-level decision support and stakeholder engagement.
- In-depth understanding of large-scale project financial management, government funding models, and capital program delivery.
- Expertise in cost management, revenue analysis, and advanced financial modeling (Excel, Power BI, etc.).
- Familiarity with leading ERP systems and PMO tools (SAP, Oracle, Primavera, etc.).
- Strong leadership, influencing, and negotiation skills; ability to communicate complex analysis to non-finance executives and government officials.
- High integrity, discretion, and ability to handle confidential and politically sensitive information.
- Demonstrated ability to operate effectively in fast-paced, high-profile, and collaborative environments.
- Middle East experience is required
- Seniority level Mid-Senior level
- Employment type Contract
- Job function Finance and Sales
- Industries Rail Transportation
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