We are looking for a Senior Cost Control Engineer for a Global Construction Consulting Firm based in Riyadh.

Qualifications:

• Bachelor’s or Master’s Degree in Accounting or Engineering from an accredited university.
• Minimum 15 years of experience in cost control and financial management on major national and international projects.
• Extensive knowledge and hands-on experience in project cost management and financial analysis.
• Strong experience in managing and prioritizing project costs across complex portfolios.
• Proven ability to present financial plans and requirements to senior leadership and government authorities.
• Strong negotiation skills to support project cost planning and approvals.
• Fluency in Arabic and English (spoken and written).
• Excellent verbal and written communication skills.
• Strong analytical, organizational, and problem-solving capabilities.
• Ability to work effectively within multidisciplinary and multicultural project environments.

Key Responsibilities:

Cost Control Strategy & Financial Management

• Develop and implement cost control strategies, systems, and procedures across projects.
• Monitor and analyze project financial performance to ensure alignment with approved budgets.
• Identify cost-saving opportunities and recommend measures to enhance project profitability.
• Ensure compliance with contractual and corporate financial policies.

Budgeting, Forecasting & Reporting

• Prepare and present financial reports, cost forecasts, and variance analyses to senior management.
• Develop and update project budget forecasts and cash flow projections.
• Provide early identification of cost overruns and financial risks.
• Support decision-making through detailed financial analysis and reporting.

Project Cost Monitoring & Compliance

• Coordinate with project managers and department heads to track and control project expenditures.
• Review and approve purchase orders, invoices, and expense reports to ensure budget compliance.
• Conduct periodic audits of financial records and cost control processes.
• Ensure proper documentation and adherence to cost coding systems.

Risk Management & Efficiency Improvement

• Analyze financial data to detect discrepancies and implement corrective actions.
• Collaborate with cross-functional teams to develop cost reduction initiatives.
• Support implementation of improved financial controls and monitoring tools.
• Stay informed on industry trends, regulations, and best practices in cost engineering.

Stakeholder Support & Mentorship

• Provide guidance and support to finance and project teams on cost control matters.
• Train and mentor cost control staff to enhance understanding of procedures and best practices.
• Support the development of Saudi national talent in line with Saudization objectives.
• Present budgeting plans and financial requirements to senior management and government stakeholders.

Corporate Compliance

• Ensure compliance with the company’s Quality, Environmental, Safety, and Occupational Health policies.
• Perform additional duties as assigned by the line manager/supervisor.

About the Role:

We are seeking a Senior Cost Control Engineer is responsible for leading and overseeing cost control and financial monitoring activities across large-scale national and international projects. The role ensures disciplined financial management, accurate forecasting, and enhanced project profitability in compliance with company policies, contractual requirements, and regulatory standards. This position works closely with project managers, finance teams, and senior leadership to analyze financial performance, manage budgets, identify cost-saving opportunities, and mitigate financial risks. The role also plays a key part in mentoring national talent and supporting the organization’s Saudization objectives while upholding the company’s Quality, Environmental, Safety, and Occupational Health standards.