Summary
Hill International is hiring a Cost Control Engineer in Riyadh, Saudi Arabia. The role develops cost control strategies, monitors project costs, prepares financial reports and forecasts, reviews expenses, conducts audits, and identifies cost-saving opportunities. It also includes coordinating with project teams, mentoring cost control staff, and supporting compliance with company policies. Applicants need a bachelor's or master's degree in accounting or engineering, at least 10 years of related experience, and fluent Arabic and English.
The posting
As published on hillintl.com. Pulled from the employer's site and shown as they wrote it.
This role is responsible for implementing and managing cost control strategies to ensure effective financial management and project profitability. Key duties include monitoring and analyzing financial data, preparing reports and budget forecasts, coordinating with project managers to track costs, reviewing and approving expenses, conducting audits, and identifying cost-saving opportunities. The position also involves training and mentoring cost control staff, supporting the finance team, collaborating on efficiency initiatives, staying updated on industry best practices, and ensuring compliance with Hill International’s quality, safety, and environmental policies, along with other assigned tasks.
Responsibilities
- Develop and implement cost control strategies and procedures to ensure effective financial management
- Monitor and analyze financial data to identify cost-saving opportunities and improve profitability
- Prepare and present financial reports, budget forecasts, and variance analysis to senior management
- Coordinate with project managers and department heads to track and control project costs
- Review and approve purchase orders, invoices, and expense reports to ensure compliance with company policies and budget limits
- Conduct regular audits of financial records and procedures to identify and resolve discrepancies
- Train and mentor cost control staff to ensure their understanding of cost control processes and procedures
- Collaborate with cross-functional teams to develop cost reduction initiatives and drive efficiency
- Stay updated on industry trends, regulations, and best practices in cost control and financial analysis
- Provide guidance and support to the finance team on cost control matters
- Informs themselves of the relevant Quality, Environmental, Safety and Occupational Health Policies, Manuals and Procedures in place within Hill International, and ensures continued compliance with these requirements while employed by Hill.
- Perform other duties as assigned by the line manager/supervisor.
Qualifications
- Bachelor / Master Degree in Accountant or Engineering from an accredited university.
- Minimum 10 years’ experience in related field on national / international major initiatives and developments.
- Extensive knowledge and experience in project cost.
- Extensive experience in managing and prioritizing projects costs.
- Ability to present budgeting plans and requirements to senior management and other government authorities.
- Ability to negotiate with multiple stakeholders to secure cost for projects
- Capable to fluently communicate in Arabic and English
- Excellent Verbal and written communication skills.