Senior Cost Control Engineer📣 Job Ad

About the Role at Albawani

Albawani is seeking a Senior Cost Control Engineer to join its team in Riyadh, Saudi Arabia. This full-time position is central to managing and overseeing cost control functions across various projects, ensuring financial accuracy and strategic alignment within the organization.

Role Purpose and Scope

The Senior Cost Control Engineer leads efforts to ensure accurate cost tracking, budget adherence, and financial transparency throughout project lifecycles. This role is responsible for effectively integrating cost management processes with planning, procurement, and finance, providing critical support for strategic decision-making and corporate governance. A key aspect of this position also involves mentoring junior cost engineers and driving the implementation of best practices in cost management and ERP systems.

Key Responsibilities

• Lead the monitoring and analysis of project expenditures, commitments, and accruals.
• Prepare and validate comprehensive monthly cost reports, highlighting variances and recommending corrective actions.
• Maintain detailed Cost Breakdown Structures (CBS) in coordination with planning and finance teams.
• Ensure consistent reporting of earned value and cost performance indicators, aligned with PMO standards.
• Oversee budget uploads and cost data entry across ERP systems (*, SAP, Microsoft Dynamics).
• Review and validate project expenditures against approved budgets and commitments.
• Endorse change requests and variation orders, including thorough cost impact analysis.
• Recommend and implement enhancements to cost control policies, procedures, and templates.
• Ensure compliance with company financial, quality, and safety policies.
• Drive continuous improvement initiatives and digital transformation in cost management practices.
• Mentor junior cost engineers and support their competency development within the team.

Qualifications and Experience

• Minimum of 5-8 years of experience in cost control, specifically within major construction or oil & gas projects.
• At least 3 years of experience in a senior or supervisory cost control role.
• Strong command of cost accounting, forecasting, and earned value management principles.
• Proficiency in ERP systems (*, SAP, Oracle, or equivalent) and advanced Excel tools.
• Experience in integrating cost and schedule control data.
• Background in Project Controls, Cost Management, Construction, Infrastructure, or Oil & Gas industries.

Required Skills and Competencies

• Strong analytical, problem-solving, and leadership skills.
• Ability to interpret complex project financials and present clear insights to management.
• Knowledge of PMO governance and corporate reporting standards.
• Proficiency in cost tracking, reporting, budgeting, and variance analysis.
• Strong communication and coordination skills for effective collaboration with multidisciplinary teams.

Preferred Qualifications

• Prior experience with CCS & Oracle systems is preferred.