Summary
Dar Al Riyadh is hiring a Senior Cost Control Manager in Riyadh. The role covers project budgeting, cost estimation and monitoring, forecasting, variance analysis, change orders, client cost matters, and financial reporting. Applicants need at least 15 years of experience as a Cost Control Manager on PMC projects, a bachelor's or master's degree in Civil Engineering, Project Management, or a related field, and fluency in written and spoken English and Arabic.
The posting
As published on daralriyadh.com. Pulled from the employer's site and shown as they wrote it.
Responsibilities:
- Collaborate with project managers and stakeholders to develop comprehensive project budgets.
- Ensure accurate estimation of costs, considering all project phases.
- Implement robust cost monitoring systems to track project expenditures against approved budgets.
- Conduct regular reviews and analyses of project costs.
- Develop and maintain accurate financial forecasts for ongoing and upcoming projects.
- Identify potential cost variations and take proactive measures to address them.
- Conduct variance analysis to compare actual costs against budgeted costs.
- Investigate and explain any significant variances.
- Manage and administer change orders, assessing their impact on project budgets.
- Collaborate with project teams to control and mitigate additional costs.
- Act as a point of contact for clients regarding cost-related matters.
- Provide timely responses to client inquiries and concerns related to project finances.
- Prepare regular financial reports for project management and clients.
- Communicate financial status, cost trends, and forecasts to relevant stakeholders.
- Support internal and external audits by providing accurate and organized financial records.
- Ensure compliance with financial regulations and reporting standards.
- Stay updated on industry best practices in cost management and financial control.
- Recommend improvements to enhance the efficiency of cost control processes.
Minimum Requirements:
- Bachelor's or Master's degree in Civil Engineering, Project Management, or a related field.
- Minimum of 15 years of experience as a Cost Control Manager in PMC projects.
- Bilingual proficiency in English and Arabic (both written and spoken).
- Strong knowledge of cost control principles and practices.
- Excellent financial analysis and reporting skills.
- Proficient in financial software and tools.
- Professional certifications in finance or related fields.
- Experience in managing costs for PMC projects within the Middle East region.