Cost Optimisation & Value Engineering Manager

About us

With our roots going back more than (50) years, we are one of the oldest and fastest growing Saudi-based conglomerates that offers a diversified portfolio of products and services including infrastructure solutions on D&B and EPC basis, development and co-investment in real estate and renewable s, and manufacturing of renewable technologies.

Yellow Mine is a Saudi-focused startup aiming to explore, develop and expand within the Kingdom’s growing mining and minerals sector. Aligned with Saudi Vision 2030, we seek to unlock the Kingdom’s mineral potential through sustainable and responsible mining development.

We are actively seeking investment, strategic partnerships and technical expertise to develop high-potential mining opportunities across Saudi Arabia.

Job Summary

With our roots going back over more than (50) years, we are one of the oldest and fastest growing Saudi-based company that offers a diversified portfolio of products and services including infrastructure solutions on D&B and EPC basis, development and co-investment in real estate and renewable s, and manufacturing of renewable technologies.

Recently we are experiencing a rapid growth and expansion locally and regionally; accordingly, we are looking for leaders who have big ideas that can embrace our vision to meet a variety of infrastructure needs all over the MENA region with three main business segment- infrastructure solutions, development and co-investment in real estate and renewable s, and manufacturing of renewable technologies.

Job Relations :

Internal

• All Departments, including PMO, Engineering, Projects, Commercial, Contracts, Procurement, Estimation, Finance, Equipment & Logistics, HSE, Operations, Business Development & Executive Management.

External – Clients, Government Authorities, Suppliers and vendors, Consultants, External benchmarking and specialist service providers, Subcontractors, Suppliers, JV Partners and other project stakeholders.

Gender

Male/Female

Level

Senior Management

Industry

EPC / Construction / Infrastructure

Employment Type

Full Time

Job Location:

Saudi Arabia

Main Duties & Responsibilities

• Review project budgets, forecasts, commitments, expenditures, and cost reports against approved budgets and commercial assumptions.
• Analyze major project cost drivers and identify opportunities for cost optimization, cost avoidance, and improved resource utilization.
• Review high-value and high-risk expenditures and challenge cost assumptions, methodologies, and proposed commitments where appropriate.
• Lead and coordinate Value Engineering (VE) initiatives across projects, Engineering, Procurement, and other relevant functions.
• Evaluate alternative materials, specifications, construction methods, equipment, resources, and sourcing strategies to improve overall project value.
• Assess the total cost of ownership and lifecycle cost of major project, procurement, equipment, and operational decisions.
• Review project execution methodologies, productivity assumptions, quantities, durations, equipment utilization, and manpower deployment to identify optimization opportunities.
• Conduct Rent vs. Buy, Own vs. Hire, Make vs. Buy, and alternative sourcing analyses where applicable.
• Review significant supplier quotations, subcontractor proposals, commercial offers, variations, and other major cost-related submissions.
• Coordinate with Procurement, Supply Chain, Engineering, Projects, Finance, Commercial, Contracts, and other functions to identify and implement cost optimization opportunities.
• Establish and maintain cost benchmarks for materials, equipment, manpower, subcontractors, suppliers, and services using historical and market data.
• Conduct historical and comparative cost analysis to identify cost trends, abnormal variances, recurring inefficiencies, and potential areas of waste.
• Maintain a Cost Optimization & Value Engineering Register covering opportunities, responsible owners, status, expected savings, approved savings, and realized savings.
• Monitor approved cost optimization initiatives through implementation and coordinate with Finance to validate and document realized savings and cost avoidance.
• Develop data-driven recommendations and business cases to support management decisions on major cost, procurement, technical, and operational matters.
• Establish appropriate review thresholds and governance mechanisms for significant expenditures, cost risks, and optimization opportunities.
• Prepare concise weekly and monthly management reports and executive dashboards covering cost optimization, savings, major cost risks, VE initiatives, and required management decisions.
• Provide early visibility of material cost exposures, unjustified expenditures, recurring inefficiencies, and delayed or unimplemented optimization opportunities.
• Recommend alternative solutions, additional reviews, benchmarking, Value Engineering studies, or other corrective actions where significant cost concerns are identified.
• Support the development and continuous improvement of company-wide Cost Optimization, Value Engineering, Cost Control, and Cost Governance practices and promote a culture of cost awareness and value for money.

Requirements

Essential

• Bachelor's degree in Civil Engineering, Mechanical Engineering, Electrical Engineering, Quantity Surveying, Construction Management, Project Management, or another relevant discipline.
• Professional qualifications in Cost Management, Quantity Surveying, Value Engineering, Project Management, or Commercial Management are advantageous.
• 10 - 15 years of relevant experience within EPC, construction, engineering, infrastructure, or major project environments.
• Strong experience in one or more of the following areas:
• Cost Management / Cost Control
• Project Controls
• Commercial Management
• Estimation
• Procurement
• Quantity Surveying
• Value Engineering
• Project Management
• Demonstrated experience in analyzing project costs, construction methodologies, resource utilization, procurement decisions, and total-cost implications.
• Experience working across multidisciplinary EPC project environments.
• Experience dealing with senior management and project leadership teams.
• Strong understanding of EPC project lifecycle and construction methodologies.
• Strong knowledge of project cost structures and cost drivers.
• Ability to analyze budgets, forecasts, commitments, quotations, and expenditure.
• Ability to perform cost-benefit and alternative-option analysis.
• Strong benchmarking and data-analysis capabilities.
• Good understanding of procurement, subcontracting, equipment, manpower, logistics, and project execution costs.
• Strong reporting and presentation skills.
• Strong analytical and problem-solving skills.
• Strong stakeholder management.
• Ability to communicate complex cost issues in a concise and executive-friendly manner.
• Results-oriented and commercially aware.
• High level of integrity, objectivity, confidentiality, and professional ethics.
• Ability to work independently while influencing multidisciplinary teams.
• Experience using Microsoft Dynamics 365 or other ERP systems to retrieve and analyze business information is an asset.
• Experience working in a multicultural environment.
• Experience in Saudi Arabia or GCC EPC / construction / infrastructure projects is preferred.