Cost Control Officer (KSA, SA)

Power International Holding
Saudi Arabia
Full timeFunction: Finance & AccountingExperience: 5+ yearsEducation: bachelorsSkills: ["Resilience","Agility","Quality","Leadership"]

Monitor and manage project expenditures to ensure budget adherence, analyzing costs across labor, materials, subcontractors, and overhead. Perform variance analysis, cost-benefit evaluations, and develop forecasts and projections to support long-term planning. Prepare regular financial reports for management, implement cost control procedures, and assist in contract reviews and vendor negotiations. Collaborate with project teams and support HSE initiatives in line with company policies.

Loading

Loading job details...

Preparing the role view and application actions.

FursaFursa
Power International Holding
Power International Holding
1 day ago

Cost Control Officer (KSA, SA)

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI
Last checked: 11 hours agoStatus: Live

Job Summary

Monitor and manage project expenditures to ensure budget adherence, analyzing costs across labor, materials, subcontractors, and overhead. Perform variance analysis, cost-benefit evaluations, and develop forecasts and projections to support long-term planning. Prepare regular financial reports for management, implement cost control procedures, and assist in contract reviews and vendor negotiations. Collaborate with project teams and support HSE initiatives in line with company policies.
Location: Saudi Arabia
Employment Type: Full time
Job Function: Finance & Accounting
Seniority: Mid level

Key Responsibilities

  • •Monitor project budgets and expenditures, identifying variances and discrepancies against financial plans.
  • •Track and analyze project expenses (labor, materials, subcontractor fees, overhead) to maintain accurate financial records.
  • •Conduct cost analysis and cost-benefit evaluations to find cost-saving opportunities and improve profitability.
  • •Prepare financial forecasts, projections, and regular reports summarizing cost, expense, and budget performance for management.
  • •Perform variance analysis between actual and budgeted costs, investigate deviations, and implement corrective actions to mitigate financial risks.

Key Requirements

  • •Bachelor’s degree in Accounting or a related field.
  • •Minimum 5 years working experience, with 3 years relevant experience; GCC experience is a plus.
  • •Knowledge of cost control packages such as CCS (Candy) is a distinct advantage.
  • •ERP knowledge preferably SAP functional skills are required.
  • •Knowledge in project cost planning, scheduling, and reporting, including cost analysis and variance analysis.
Experience:5+ yearsGCCProject cost controlProject controls
Education:Bachelor's in Accounting
Skills:ResilienceAgilityQualityLeadership
Tech Stack:CCS (Candy)ERPSAP

Company Brief

Power International Holding
Diversified holding company investing across construction, real estate, food & beverage, agriculture, industrial services, and energy sectors, operating regional subsidiaries and managing large infrastructure and development projects in the Middle East.
Industry: Conglomerates & Holding Companies
Company Size: Enterprise (1,001+ employees)
Growth: Established Company
Headquarters: Doha, Qatar
Website