Job description

To monitor, control, and analyze project costs and revenues to ensure alignment with the approved budget and maximize project profitability through accurate tracking, forecasting, and reporting.

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Key Responsibilities:

1. Cost Planning & Setup

* Develop and maintain Cost Breakdown Structure (CBS) aligned with BOQ and WBS

* Load and distribute project budget across cost codes

* Ensure proper cost allocation for all project activities

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2. Cost Monitoring & Control

* Track Actual Costs vs Budget on a weekly basis

* Identify and analyze cost variances and root causes

* Prepare and submit weekly and monthly cost reports

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3. Revenue & Progress Tracking

* Monitor project progress and link it with revenue recognition

* Support preparation and tracking of invoices and payment certificates

* Ensure accurate Revenue Recognition based on actual progress

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4. Cash Flow Management

* Prepare and update Cash Flow Forecasts

* Monitor incoming and outgoing payments

* Highlight potential cash shortages or delays

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5. Cost Control & Compliance

* Review Purchase Requisitions (PR) and Purchase Orders (PO) against approved budgets

* Monitor manpower, equipment, and material costs

* Ensure all expenditures comply with project budget and cost codes

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6. Coordination & Integration

* Coordinate with:

* Project Manager

* Planning Engineer

* Procurement Team

* Finance Department

* Ensure alignment between financial data and project progress

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7. Reporting & Forecasting

* Prepare:

* Cost Reports

* Variance Analysis

* Estimate at Completion (EAC)

* Profitability Reports

* Provide recommendations to improve cost efficiency and project margins

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Key Deliverables:

* Weekly & Monthly Cost Reports

* Cost Variance Analysis

* Cash Flow Forecast

* Estimate at Completion (EAC)

* Project Profitability Reports

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Qualifications:

* Bachelor’s degree in:

* Engineering (Civil / Mechanical / Industrial), or

* Accounting / Finance

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Experience:

* 3–7 years of experience in:

* Cost Control, or

* Project Accounting within construction or industrial projects

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Technical Skills:

* Advanced proficiency in Microsoft Excel

* Strong understanding of:

* BOQ

* WBS / CBS

* Progress Measurement

* Experience with:

* SAP (preferably SAP Business One)

* Primavera P6 is an advantage

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Soft Skills:

* Strong analytical and problem-solving skills

* High attention to detail

* Ability to identify risks early

* Effective communication across teams

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Key Performance Indicators (KPIs):

* Cost Variance (%)

* Forecast Accuracy

* Project Profit Margin

* Timely reporting

gce.saudi@gmail.com