Full-time Cost engineer Jobs in Riyadh

Join SEGULA Technologies as a Cost Engineer!
Accelerate your career with a global engineering group that is rapidly growing. The Cost Engineer will be responsible for end-to-end cost estimation, benchmarking, supplier quote evaluation, negotiation support, and cost optimization of automotive components across various commodities. This role works cross-functionally with Engineering, Procurement, Manufacturing, Finance, and Suppliers to ensure competitive and optimized product costs throughout the lifecycle.

Key Responsibilities:

• Cost Estimation & Breakdown
• Prepare detailed should-cost models using raw material costing, process costing, and tooling cost models.
• Conduct weight-based and feature-based cost calculations using CAD data.
• Supplier Quote Analysis including material price variance and cycle time comparison.
• Provide support during supplier negotiations.

Qualifications:
BE / *** in Mechanical or Automotive Engineering with a minimum of 5+ years of experience in the Automotive industry. Experience with SAP or Teamcenter is preferred. Candidates should have the ability to work onsite and be available for regular day shifts from Sunday to Thursday.

Why Join Us?
At SEGULA Technologies, you will have the chance to work on exciting projects, participate in training courses to ensure continuous learning, and enjoy a work environment that respects your work/life balance. Be a part of a community that listens to your ideas and values your input!

Job Opportunity:
Join Parsons Corporation as a Senior Cost Engineer and be part of the SOUDAH Peaks development Project. At Parsons, we believe in fostering growth and building an innovative culture that empowers our team to thrive.

Responsibilities:

• Preparation of benchmarking and cost analysis.
• Cost planning, estimating, budgeting, reviews, and reporting.
• ROM estimate (Rough Order of Magnitude).
• Master Planning across all RIBA Stages.
• Conducting tender reviews and analysis for cost optimization.
• Managing cost reporting and forecasting.

Required Skills:

• Bachelor's Degree in Quantity Surveying or related field.
• +12 years of experience in cost management within a large developer or consulting firm.
• Strong communication and interpersonal skills.
• Extensive experience in pre-contract cost plan preparation.
• Advanced Excel skills.

Desired Skills:

• Experience delivering services across multiple sectors in KSA.
• Proficient in Power BI and equivalent software.

At Parsons, we value diversity and equal opportunities. If you're ready to make an impact, we encourage you to apply today!

Join Shade Corporation Ltd. as a Cost Control Engineer!
We are seeking a skilled Cost Control Engineer to support our ongoing EPC construction projects in Riyadh and Turaif. If you're passionate about project financial management and meet our qualifications, we want to hear from you!

About Us:
Shade Corporation Ltd. is a leading EPC company committed to delivering high-quality construction services across various engineering disciplines. We strive for excellence and are dedicated to building strong relationships with our clients.

Responsibilities:

• Oversee cost control, budgeting, and financial forecasting for projects.
• Monitor project finances to ensure adherence to budgets.
• Collaborate with project managers and other stakeholders to optimize financial performance.

Requirements:

• 5–9 years of experience in cost control or a related field.
• Bachelor’s Degree in Civil Engineering.
• Proven experience in construction, with a preference for EPC project backgrounds.
• Strong knowledge of cost control methods and financial monitoring.
• Candidates currently residing in KSA are preferred.

If you meet these qualifications and are ready to contribute to our success, please apply today!

🚀 We're Hiring: Senior Cost Control Engineer | EPC Water Projects

Are you an experienced Cost Control professional with a strong background in EPC water or infrastructure projects? Join our team and play a critical role in driving financial performance, cost efficiency, and project success.

📍 Position: Senior Cost Control Engineer
📌 Industry: EPC / Water Treatment / Infrastructure
🏢 Experience Required: 8–12 Years

🔍 Key Responsibilities

• Analyze tender budgets and develop initial project budgets aligned with cost breakdown structures (CBS).
• Map Cost Breakdown Structures (CBS) with Work Breakdown Structures (WBS) for accurate cost allocation.
• Monitor and track direct and indirect project costs against approved budgets.
• Prepare cost control reports, forecasts, and variance analyses (EAC / ETC).
• Identify potential budget overruns and recommend mitigation strategies.
• Conduct budget vs. actual analysis and support corrective actions to minimize financial risks.
• Review and validate purchase requests and commitments to control project spending.
• Support change management, cost claims, and scope variation budgets.
• Develop and track KPIs for cost, revenue, invoicing, and project cash flow.
• Collaborate with finance, supply chain, and project teams to optimize costs and ensure financial alignment.

🎯 Requirements

• Bachelor’s degree in Engineering.
• 8–12 years of experience in cost control, with at least 5 years in EPC water or infrastructure projects.
• Strong knowledge of project cost control concepts (COGS, accruals, commitments, revenue recognition).
• Experience with SAP or similar ERP systems.
• Familiarity with project planning and scheduling tools.
• Strong analytical, problem-solving, and communication skills.
• Certifications such as CCP (Certified Cost Professional) or PMP are an advantage.