Cost Control Engineer

Job Overview
The Cost Control Engineer will manage project cost control activities, monitor financial performance against approved budgets, prepare cost forecasts, and identify potential cost overruns. The role involves close coordination with planning, procurement, contracts, finance, and construction teams to ensure effective project cost management.

Key Responsibilities
Develop and maintain project cost control systems in line with approved budgets.
Monitor project expenditures, commitments, and cost performance against budgets and forecasts.
Prepare cost reports, cash flow forecasts, cost curves, and financial dashboards.
Coordinate with Planning Engineers to integrate project progress with cost performance and earned value analysis.
Review subcontractor payment applications, procurement commitments, and cost allocations.
Prepare budget revisions, cost forecasts, and Estimate at Completion (EAC) reports.
Identify cost overruns, financial risks, and budget deviations, recommending corrective actions.
Assess the cost impact of variation orders, claims, and change orders.
Coordinate with Procurement, Contracts, Finance, and Construction teams for accurate cost tracking.
Monitor contingency utilization and ensure proper cost coding and allocation.
Prepare monthly management reports, project financial summaries, and executive presentations.
Maintain accurate cost records and ensure compliance with company procedures and contractual requirements.
Academic Qualification
Bachelor’s degree in Civil Engineering, Construction Management, Quantity Surveying, or a related discipline.
Preferred: PMP, Certified Cost Professional (CCP), or equivalent certification.
Experience
Experience in project cost control or project controls within the construction or real estate development sector.
Strong practical understanding of project cost management principles and controls.

Technical / Functional Competencies
Project cost control systems and budget management.
Cost forecasting and Estimate at Completion (EAC).
Cash flow forecasting and cost reporting.
Earned Value Management (EVM).
Cost variance analysis and risk identification.
Subcontractor payment and procurement cost reviews.
Variation orders, claims, and change order assessment.
Cost coding, allocation, and contingency monitoring.
Financial dashboards and management reporting.
Cross-functional coordination and stakeholder management.
Job Details
Location: Riyadh, Saudi Arabia
Employment Type: Permanent
Sector: Construction / Real Estate Development
Benefits: As per company policy.