Elegancia Arabia
Lead Cost Control Engineer
Skills
2 months ago
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Important information
Contract type:
Permanent
Salary:
SAR 168,000 – SAR 216,000 / year
Location:
Riyadh Saudi Arabia
Work mode:
Onsite
Published on:
11 August 2026
What they need
- Lead the cost control function across assigned finishing and fit-out projects from pre-construction through completion.
- Establish project budgets, cost baselines, cost codes, and cost control procedures.
- Monitor project commitments, actual costs, accruals, forecasts, and remaining costs.
- Prepare and maintain Cost Value Reconciliation (CVR) and monthly cost reports.
- Track project expenditure against approved budgets and identify cost overruns and potential financial risks.
- Analyze cost variances and provide recommendations for corrective actions.
- Monitor subcontractor and supplier commitments, purchase orders, variations, and payment applications.
- Review and evaluate variations, change orders, claims, and additional works from a cost perspective.
- Coordinate closely with Project Managers, Quantity Surveyors, Commercial Teams, Procurement, Finance, and Planning departments.
- Prepare Estimate at Completion (EAC) and Estimate to Complete (ETC) forecasts.
- Monitor project cash flow and ensure alignment between planned and actual expenditure.
- Review subcontractor costs and assess their impact on overall project profitability.
- Support commercial teams in evaluating the financial impact of design changes, scope changes, and client instructions.
- Identify potential cost-saving opportunities while maintaining project quality and contractual requirements.
- Prepare management reports highlighting project financial performance, risks, trends, and forecasts.
- Ensure accurate and timely submission of monthly project cost reports.
- Establish appropriate cost control measures and ensure compliance with company policies and procedures.
- Provide leadership and guidance to junior cost control engineers and project controls personnel.
- Participate in project review meetings and provide cost-related insights to senior management.
Desired Candidate Profile
- Bachelor's degree in Engineering, Construction Management, Finance, or a related field.
- Minimum of 8-10 years of progressive experience in cost engineering and control, preferably within the [Specify Industry, e.g., Oil & Gas, Construction, Infrastructure] sector.
- Proven track record of successfully managing costs on large-scale, complex projects.
- Expert proficiency in cost management software (e.g., Primavera P6, EcoSys, SAP) and advanced Excel skills.
- Strong understanding of project management principles, contract administration, and financial reporting.
- Exceptional analytical, problem-solving, and critical thinking abilities.
- Excellent communication, negotiation, and interpersonal skills, with the ability to influence stakeholders at all levels.
- Fluency in English; knowledge of [Specify other languages if applicable, e.g., Spanish, French] is a plus.
- Ability to work under pressure, manage multiple priorities, and meet tight deadlines in a dynamic environment.
Preferred Candidate Profile The ideal candidate will be someone who has progressed from Cost Control Engineer / Project Controls Engineer to a Lead-level position and has independently managed cost control for complex fit-out or finishing projects. Candidates with experience in hospitality, luxury hotels, high-rise buildings, commercial developments, retail, and large-scale interior fit-out projects in KSA/GCC will be strongly preferred. KSA-based candidates with immediate or short-term availability are highly preferred.
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