Cost Control Engineer

About Mohammad Al-Habib Real Estate Investment Company

Mohammad Al-Habib Real Estate Investment Company, established in 1972, specializes in real estate investments, developments, and master plans. The company focuses on land scouting for urban projects, managing construction details with contractors, and designing commercial and residential communities. Joining Al Habib Company offers a work environment where income directly reflects effort, appealing to goal-oriented, persevering, self-motivated, and ambitious individuals.

The Role: Cost Control Engineer

We are seeking a Cost Control Engineer to lead Mega Projects in Riyadh, Saudi Arabia. This full-time role is critical for tracking, analyzing, and controlling costs associated with engineering and construction projects. The Cost Control Engineer ensures projects are delivered within budget by monitoring spending, forecasting future costs, identifying variances, and implementing corrective actions.

Key Responsibilities

• Develop and implement project cost control systems, procedures, and reporting tools.
• Prepare and maintain cost reports and cash flow forecasts.
• Analyze project performance and compare actual costs to the budget.
• Monitor and control project expenditures to ensure alignment with project budgets.
• Coordinate with project teams to gather cost-related data including labor, materials, equipment, and subcontractor costs.
• Review and validate contractor/supplier invoices and payment certificates.
• Identify cost variances and recommend corrective actions.
• Support in the preparation of project budgets and estimates.
• Provide cost input during project planning and scheduling stages.
• Generate periodic cost control reports and present findings to stakeholders.
• Assist in risk analysis and provide cost-related input to risk mitigation strategies.
• Collaborate with procurement and contracts departments on cost-related issues.
• Ensure compliance with company financial policies and procedures.

Qualifications and Experience

• Bachelor’s degree in Engineering (Civil, Architecture), Construction Management, or a related field.
• Minimum of 8 years of experience in cost control, preferably within the construction sector.
• Strong understanding of budgeting, forecasting, and financial analysis.
• Proficiency in cost control software such as Primavera P6, MS Excel, SAP, Oracle, or equivalent.
• Strong analytical and problem-solving skills.
• Excellent communication and interpersonal abilities.
• Attention to detail and accuracy in reporting.

Preferred Skills

• Professional certification (*, CCP – Certified Cost Professional, PMP) is an advantage.
• Experience with Earned Value Management (EVM) techniques.
• Familiarity with project management frameworks and contract management.

Work Location

This position is based in Riyadh, Saudi Arabia, and is a full-time role.