Cost Controller - Future Concept

Qureos Inc

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profile Job Location:

Riyadh - Saudi Arabia

profile Monthly Salary: Not Disclosed
Posted on: 12 hours ago
Vacancies: 1 Vacancy

Job Summary

Job Summary:

We are looking for a seasoned Senior Cost Controller with over 10 years of experience in managing and overseeing project cost performance across complex and large-scale projects. The ideal candidate will play a strategic role in ensuring budget adherence conducting in-depth financial analysis and supporting decision-making through accurate and timely cost reporting. The role demands strong collaboration with planning procurement and engineering teams to proactively manage and mitigate financial risks.

Key Responsibilities:

  • Oversee and manage the full cost control cycle for large-scale and multi-disciplinary projects.
  • Monitor project budgets track actual expenditures against approved estimates and ensure cost compliance.
  • Analyze cost variances and provide actionable insights and technical recommendations to maintain financial control.
  • Lead the preparation of comprehensive financial reports cost forecasts and dashboards using Excel and Power BI.
  • Utilize ERP systems (such as SAP Oracle or similar) to record monitor and control project-related costs and commitments.
  • Evaluate actual quantities and costs executed on-site and compare with baseline budgets and BOQs.
  • Collaborate with planning procurement and engineering teams to assess the cost impact of design changes and procurement strategies.
  • Review and verify contractor invoices variation orders and change requests against contract terms and planned quantities.
  • Prepare and update project cash flow forecasts to support financial planning and funding requirements.
  • Ensure full alignment of costs with project scope contractual terms and payment conditions.
  • Support integration between cost control and project scheduling for accurate earned value reporting and performance tracking.
  • Mentor junior cost engineers and provide guidance in best practices for cost management and reporting.

Qualifications & Skills:

  • Bachelors degree in Engineering Finance Quantity Surveying or a related field.
  • 10 years of proven experience in cost control/project controls ideally in the construction infrastructure or engineering sectors.
  • Advanced proficiency in Microsoft Excel Power BI and enterprise ERP systems (e.g. SAP Oracle).
  • Strong understanding of cost management methodologies project lifecycle and quantity tracking techniques.
  • Expertise in earned value management (EVM) cash flow forecasting and financial performance analysis.
  • Excellent analytical organizational and leadership skills.
  • Ability to communicate complex financial data effectively with both technical and non-technical stakeholders.

Preferred:

  • Professional certification such as Certified Cost Professional (CCP) from AACE or PMP.
  • Experience working on mega projects in sectors such as oil & gas infrastructure or EPC.
Job Summary:We are looking for a seasoned Senior Cost Controller with over 10 years of experience in managing and overseeing project cost performance across complex and large-scale projects. The ideal candidate will play a strategic role in ensuring budget adherence conducting in-depth financial ana...
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