Senior Cost Manager Fund Monitoring Lead

About PMK International Consult LLC

PMK International Consult LLC is an award-winning project, commercial, and design management consultancy with established offices in the UAE, KSA, and the UK. The firm manages a project footprint exceeding million sqm and a project portfolio valued over USD $8 billion. PMKConsult fosters a strong company culture that promotes a positive and collaborative working environment, valuing individuals who demonstrate ownership, proactive problem-solving, and a focus on results.

The Role: Senior Cost Manager - Fund Monitoring Lead

PMK International Consult LLC is seeking a Senior Cost Manager - Fund Monitoring Lead for a full-time position. This role is central to providing independent cost management and fund monitoring services, primarily from a lender's perspective, ensuring robust oversight of project financials and progress. The successful candidate will play a critical role in verifying project data and providing expert recommendations to support financial drawdowns.

Key Responsibilities

• Review project appraisals, budgets, cost plans, cashflow, and contracts from a lender’s perspective.
• Monitor construction progress, programme, costs, quality, variations, claims, and delays.
• Independently verify project progress and contractor payment applications to support lender drawdowns.
• Monitor cost-to-complete, forecasts, contingency, and overall project financial performance.
• Identify, assess, and report key project risks, recommending appropriate mitigation measures.
• Conduct regular site inspections and attend project progress meetings.
• Liaise with the Borrower, Contractor, and design team while maintaining independence and confidentiality.
• Prepare monitoring reports, drawdown recommendations, executive summaries, and ad hoc risk reports.

Qualifications and Professional Experience

• Chartered membership of RICS (MRICS/FRICS) or an equivalent recognised professional body.
• Minimum of 8–10+ years' post-qualification Quantity Surveying (QS) experience.
• Prior experience in development/bank monitoring, employer's agent, or project monitoring roles is essential.
• Experience working on projects in Saudi Arabia or the wider GCC region is strongly preferred.

Required Skills and Knowledge

• Familiarity with local contracting practices, FIDIC-based contracts, and the Saudi regulatory/permitting environment.
• Strong understanding of construction finance structures, drawdown mechanisms, and lender risk requirements.
• Excellent written reporting skills suitable for credit/investment committee audiences.

Work Location and Travel

This full-time role requires a willingness and ability to travel and be based on site across the Kingdom of Saudi Arabia as needed to fulfill monitoring duties effectively.