Cost Control Engineer / Saudi📣 Job Ad

About the Role

Esnad Contracting is seeking a dedicated Cost Control Engineer to join its team in Riyadh, Saudi Arabia. This full-time position is integral to maintaining the financial health and operational efficiency of the company's construction projects. The Cost Control Engineer will be responsible for the meticulous preparation, monitoring, and management of project budgets and costs, playing a vital role in the financial success of the company's endeavors.

Key Responsibilities

• Prepare and manage comprehensive project budgets and detailed cost plans.
• Continuously monitor and control project expenditures across all active projects.
• Conduct thorough variance analysis to identify deviations from established budgets and investigate their causes.
• Manage project cash flow effectively and track the overall financial performance of projects.
• Prepare and present periodic financial and performance reports to senior management.
• Develop accurate cost forecasts and financial projections for ongoing and future projects.
• Identify operational inefficiencies, sources of wastage, and opportunities for cost savings.
• Coordinate closely with project management and finance teams to ensure the accuracy and integrity of cost reporting.

Qualifications and Requirements

• A Bachelor's Degree in Engineering, Finance, Accounting, or a closely related field.
• A minimum of 7 years of progressive experience in cost control, with a strong preference for experience within construction projects.
• Advanced proficiency in Microsoft Excel, including expertise in data analysis, complex spreadsheet creation, and report generation.
• Demonstrated experience with Enterprise Resource Planning (ERP) systems, with SAP or Oracle being highly preferred.
• Strong analytical skills with the ability to detect discrepancies and scrutinize unjustified costs.
• A solid understanding of project cost structures, particularly within construction environments.
• The capability to clearly distinguish between normal and abnormal cost variances.
• Exceptional attention to detail and robust problem-solving skills.
• Proven strong reporting and forecasting capabilities.

Required Skills

• Cost Control
• Microsoft Excel (Data Analysis, Spreadsheets, Reporting)
• ERP Systems (SAP, Oracle)
• Analytical Skills
• Project Cost Structures
• Problem-Solving Skills
• Reporting Capabilities
• Forecasting Capabilities

Work Environment and Details

This is a full-time position based in Riyadh, Saudi Arabia. The role requires 5-10 years of experience in cost control, with a specific emphasis on construction projects. The company is Esnad Contracting.