Cost Manager📣 Job Ad

About the Role

Savills Middle East is seeking a proactive and detail-oriented Cost Manager to join our team in Riyadh, Saudi Arabia. This full-time role involves performing a comprehensive range of cost management services for various projects. The successful candidate will be expected to manage day-to-day tasks, including measurement, estimating, payment valuations, procurement, and variation assessments. A high level of communication skill is essential, as the Cost Manager will serve as the client's primary point of contact and will be capable of leading projects with minimal supervision.

Key Responsibilities

• Establish and maintain methods for recording details and monitoring day-to-day work progress.
• Lead the preparation and management of variation orders.
• Provide expert advice on contractual matters, particularly those related to financial issues.
• Ensure the completeness and validity of all contractual requirements are met.
• Advise on contractor resource allocation to optimize project efficiency.
• Prepare accurate financial statements for inclusion in monthly reports.
• Conduct audits of payments made to contractors.
• Check and record measurements of completed work on-site.
• Monitor and update final cost estimates for all contracts.
• Maintain meticulous records of project expenditures.
• Review, negotiate, and prepare settlements for claims.
• Prepare comprehensive Final Accounts with all necessary supporting documentation.
• Collaborate with architects and/or clients to prepare tender and contract documents, including bills of quantities.
• Assist in establishing client requirements and undertake feasibility studies.
• Perform risk, value management, and cost control activities throughout the project lifecycle.
• Advise on the most effective procurement strategies.
• Identify, analyze, and develop responses to commercial risks.
• Prepare and analyze costings for tenders.
• Allocate work effectively to subcontractors.
• Provide guidance and advice on contractual claims.
• Analyze project outcomes and write detailed progress reports.
• Value completed work and arrange timely payments.
• Maintain a thorough awareness of different building contracts currently in use.
• Ensure robust, accurate, and timely cost and value reporting at both project and business unit levels.
• Ensure accurate cash flow reporting and forecasting takes place.
• Actively seek opportunities to improve existing processes and procedures.
• Ensure that good client relationships are maintained and nurtured.
• Be responsible for subcontract letting, negotiation, and financial accounting, fostering positive internal relationships.
• Ensure effective interaction and collaboration between the cost management team and operational site teams.

Qualifications and Requirements

• A Bachelor's degree in Quantity Surveying, Civil Engineering, or a related field.
• A minimum of 2-5 years of demonstrable experience in Quantity Surveying, with a preference for experience within the Gulf region.
• Extensive experience in preparing bills of quantities, cost estimates, and managing claims.
• Extensive experience in commercial management and the procurement of subcontractors.
• Ability to demonstrate a good knowledge of monthly reporting and earned value analysis.
• A sound knowledge of contractual relationships is essential.
• Must be computer literate and proficient in maintaining records, generating reports, and using project-specific engineering and construction software.
• Fluency in English, both written and spoken, with excellent technical writing skills and strong oral and written communication abilities.
• Excellent team player capabilities, coupled with the ability to work independently on one's own initiative.
• Excellent time management skills, with the ability to work effectively under tight deadlines.
• A proactive attitude and a willingness to learn.
• A keen attention to detail.

Skills and Expertise

• Cost Management
• Measurement and Estimating
• Payment Valuations and Variation Assessment
• Procurement and Subcontractor Management
• Contractual Matters and Financial Issues
• Financial Statements and Reporting
• Claims Management and Final Accounts
• Tender and Contract Document Preparation
• Bills of Quantities and Costings
• Risk, Value Management, and Cost Control
• Procurement Strategy and Commercial Risk Analysis
• Progress Reporting and Cash Flow Forecasting
• Client Relationship Management
• Computer Literacy and Engineering Software Proficiency
• Strong Communication and Interpersonal Skills
• Teamwork and Independent Initiative
• Time Management and Attention to Detail

Additional Information

This is a full-time position based in Riyadh, Saudi Arabia. A qualification as a Chartered Quantity Surveyor by a recognized international body, ideally with RICS, is preferred but not mandatory.