Senior Cost Control Engineer

Job Description

Works as part of MATARATs P&TA Project Controls team with a primary focus on the implementation and operation of the Cost Management function at portfolio level. The role acts as the cost-side bridge between MATARAT Finance Portfolio Management and Operating Company Project Controls with MATARAT P&TA Project Controls. The Cost Management specialist will establish common budget and cost data standards across Operating Companies own portfolio-level forecasting and aggregation provide stage-gate cost assurance to the Portfolio Governance Committee (PGC) and ensure every investment is traceable to an approved benefit.

Key Responsibilities

• Act as the client-side reference point for portfolio cost management ensuring MATARAT-wide standards are implemented consistently across Operating Companies.
• Define and maintain the Cost Management Guideline and supporting templates   budget and cost data standards estimating accuracy bands by gate (AACE) contingency policy at portfolio level and materiality thresholds for cost-driven change control.
• Own the Investment Cashflow Profile of the portfolio; consolidate and validate Operating Companies forecasts (EAC / ETC); produce integrated costschedulebenefit variance analysis and the financial KPIs of the portfolio (Forecast Accuracy % of projects within approved CAPEX contingency burn).
• Provide independent cost assurance at stage gates - validate evidence challenge Operating Companies estimates and Cost Basis verify AACE accuracy bands at SG2 and produce decision-ready recommendations to the Portfolio Governance Committee.
• Provide cost-side support to the CAPEX cycles led by MATARAT Portfolio baselining Stage Gate activation Off-Cycle process Annual Business Plan 5-Year Airport Development Plan; operate cost and budget impact assessment for every change request and classify per materiality thresholds.
• Ensure linkage between investment and benefits Asset Classification budget allocations tagged to Benefit Breakdown Structure benefit nodes investment-per-benefit-unit analysis (SAR/Mpax SAR/m²) cost-side input to MATARAT Portfolio when benefits change.
• Manage the cost and budget data requirements for the PMIS (to be implemented); establish roll-up rules Project to Programme to Portfolio.

Qualifications :

• Expert in portfolio cost and budget management project controls at owner / asset-owner level.
• Experience implementing portfolio-level cost and budget frameworks at owner / holding organizations in a client-side role is highly valued.
• Demonstrated track record in large portfolios in comparable infrastructure; exposure to multi-asset multi-stakeholder governance environments.
• Strong working knowledge of AACE estimating classes EVM cashflow modeling and contingency methods applied at portfolio level.
• Demonstrated ability to provide independent cost assurance - challenging estimates and cost reports produced by the delivery teams (contractors PMC or Operating Company Project Controls).
• Proven track record drafting cost & budget governance documentation (procedures manuals templates) for portfolio cost and budget management.
• Familiarity with PMIS portfolio-grade platforms Power BI for portfolio financial dashboards and interfaces with financial systems.
• Understanding of holdingOperating Company governance models / sponsordelivery partner / asset ownerPMCM is highly desirable.
• Min 15 years of relevant professional experience in capital projects with at least 6-8 years at portfolio or programme level. Recognised credentials in cost or portfolio management preferred but not mandatory.
• Having worked in a PMO or EPCM environment is highly desirable. Team player self-motivated good communicator in spoken word and presentations in English and preferably also in Arabic.

Additional Information :

Remote Work :

No

Employment Type :

Full-time