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Contract TypeContract TypeFull-time
Workplace typeWorkplace typeOn-site
LocationLocationDammam
About the Job
In this role, you will be responsible for managing and optimizing project and operational costs by implementing effective cost control strategies, monitoring budgets, and identifying cost-saving opportunities. You will work closely with project managers and internal teams to track expenses, prepare financial reports and forecasts, and ensure compliance with company policies and budget requirements.

Responsibilities
  • Develop and implement cost control strategies and procedures to ensure effective financial management.
  • Monitor and analyze financial data to identify cost-saving opportunities and improve profitability.
  • Prepare and present financial reports, budget forecasts, and variance analysis to senior management.
  • Coordinate with project managers and department heads to track and control project costs.
  • Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits.
  • Conduct regular audits of financial records and procedures to identify and resolve discrepancies.
  • Train and mentor cost control staff to ensure their understanding of cost control processes and procedures.
  • Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency.
  • Stay updated on industry trends, regulations, and best practices in cost control and financial analysis.
  • Provide guidance and support to the finance team on cost control matters.
  • Perform other duties as assigned by the line manager/supervisor.

Qualifications
  • Bachelor / Master Degree in Accountant or Engineering from an accredited university.
  • Minimum 15 years’ experience in related field on national / international major initiatives and developments.
  • Extensive knowledge and experience in project cost management.
  • Ability to present budgeting plans and requirements to senior management and other government authorities.
  • Capable of fluently communicating in Arabic and English.
  • Excellent verbal and written communication skills.

Requirements

  • Requires 2-5 Years experience

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