Cost Control Engineer

About the Role

Power International Holding is seeking a Cost Control Engineer to join its Project Controls team in Riyadh. This full-time role is essential for supporting the delivery of luxury hotel, hospitality, and high-end fit-out projects. The position requires 5-10 years of experience in cost control.

Role Overview

The Cost Control Engineer will coordinate all aspects of cost capturing, monitoring, analysis, and forecasting for assigned projects. This involves ensuring accurate and timely cost information, effective budget control, and comprehensive financial support throughout the project lifecycle. The role collaborates closely with Project Controls, Commercial, Procurement, Finance, Planning, and Site teams to monitor project performance, identify cost variances, and align project costs with approved budgets and commercial objectives.

Key Responsibilities

• Monitor and control project costs, budgets, forecasts, commitments, and cash flow throughout the project lifecycle.
• Track project financial performance and identify cost variances, trends, and potential cost overruns.
• Prepare accurate weekly and monthly cost reports, including budget status, actual costs, commitments, forecasts, and variance analysis.
• Maintain comprehensive cost-control records, cost codes, budget allocations, and project financial data.
• Review purchase requests, purchase orders, invoices, subcontractor commitments, and other project cost transactions.
• Monitor subcontractor and supplier costs and ensure accurate allocation against approved budgets and cost codes.
• Support Project Management and Commercial teams in budget planning, cost optimization, and financial forecasting.
• Coordinate with site and construction teams to verify project progress, quantities, productivity, and actual work performed.
• Monitor variations, change orders, and revisions to approved project budgets, ensuring proper documentation and assessment of cost impacts.
• Assist in preparing project cash-flow forecasts and updating cost-to-complete and estimate-at-completion figures.
• Analyze project expenditure against physical progress and provide early warnings regarding potential cost overruns.
• Ensure accurate and timely capture of all project costs in accordance with established cost-control procedures.
• Coordinate with Procurement, Finance, Commercial, Planning, and Site teams to ensure consistency and accuracy of project cost information.
• Support the Project Controls Lead in maintaining the overall integrity of project budgets and forecasts.
• Ensure compliance with company procedures, project requirements, quality standards, and HSE policies.

Experience Required

• Candidates should possess 5-10 years of experience in a relevant cost control role.

Work Environment

This is a full-time position based in Riyadh, focusing on luxury hotel, hospitality, and high-end fit-out projects. The role involves close collaboration with various internal teams to ensure project financial objectives are met.