SR. Engineer Cost Control | alfanar Building Systems

Job description: Job Purpose Oversee the financial performance of projects by leading cost management, budgeting, forecasting, and reporting activities. Monitor project costs, identify potential cost overruns, and collaborate with project teams to implement corrective actions and maintain financial control. Key Accountability Areas • Lead the development and maintenance of project budgets, covering labor, materials, equipment, subcontractors, and other project costs. • Monitor project expenditures against approved budgets, analyze cost variances, and report findings to senior management. • Prepare and update cost forecasts, assess financial risks, and recommend appropriate cost control measures. • Manage changes to project scope and budget, ensuring proper documentation, approval, and assessment of their financial impact. • Apply Earned Value Management (EVM) techniques to evaluate project cost performance and identify deviations from financial targets. • Coordinate with Planning and Scheduling teams to align project timelines, milestones, and resource requirements with budget constraints. • Prepare periodic cost reports, financial forecasts, and management presentations to support project decision-making. Technical Skills • Strong knowledge of project budgeting, cost control, cost forecasting, cash flow projections, and variance analysis. • Practical experience in Earned Value Management (EVM), including CPI and project cost performance analysis. • Proficiency in SAP ERP for project cost tracking, budget monitoring, and financial reporting. • Advanced Microsoft Excel skills for cost analysis, financial modelling, and reporting. • Experience in variation management, cost allocation, and Work Breakdown Structure (WBS). • Ability to prepare cost reports, forecasts, and management presentations. • Power BI or equivalent dashboarding and data visualization tools. • Professional certifications such as Certified Cost Professional (CCP) or Project Management Professional (PMP). • Experience with subcontractor cost management, invoice verification, quantity surveying, and contract administration. • Knowledge of revenue recognition, financial risk analysis, and cost optimization. • Experience supporting PMO reporting for large-scale construction and real estate development projects. Role Accountability HR Proficiency: • Ability to obtain updated soft and technical skills related to the job • To have a vision and a plan for the career path and how to achieve it. Delivery: • Perform the planned activities to meet the operational and development targets as per delivery schedules. • Utilize resources effectively to achieve objectives within efficient cost and time. • Provide a periodic report formatted by detailing the deviation and execution of planned tasks. Problem-Solving: • Solve any related problems arise and escalate any complex operational issues. Quality: • Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities. Business Process Improvements: • Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible. Compliance: • Comply to related policy and procedures and work instructions. Health, Safety, and Environment: • Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services. Academic Qualification Bachelor Degree in Civil Engineering or Any relevant fieldWork Experience 6 to 10 Years10-15 yearsTechnical / Functional Competencies Cost EstimatingCost ControlCost Variance AnalysisRisk Management Profile description: Alfanar is a Saudi company with an international presence, primarily engaged in the manufacturing and trading of a wide variety of low, medium, and high voltage electrical products, in addition to its portfolio of conventional and renewable energy solutions, oil and gas, water treatment, infrastructure, technical services, and digital solutions. The hub of alfanar’s manufacturing operations is Medinet alfanar Alsinaiya, a 700,000 square-meter complex located in Riyadh. The complex houses an array of ultra-modern manufacturing facilities and laboratories equipped with state-of-the-art technologies and staffed with highly skilled professionals. alfanar derives its success from its commitment to providing the highest quality standards to its customers, and the continuous development of its human capital, who alfanar considers its most valuable asset. With this in mind, alfanar promotes a proactive work environment where its employees are always valued, nurtured, and empowered to fuel their pride in being part of alfanar. For more information about alfanar, please visit alfanar.com Show more Show less

Bachelor Degree in Civil Engineering or Any relevant field; 6 to 10 Years of work experience; Technical / Functional Competencies include Cost Estimating, Cost Control, Cost Variance Analysis, Risk Management.

Oversee the financial performance of projects by leading cost management, budgeting, forecasting, and reporting activities. Monitor project costs, identify potential cost overruns, and collaborate with project teams to implement corrective actions and maintain financial control. Lead the development and maintenance of project budgets, covering labor, materials, equipment, subcontractors, and other project costs. Monitor project expenditures against approved budgets, analyze cost variances, and report findings to senior management. Prepare and update cost forecasts, assess financial risks, and recommend appropriate cost control measures. Manage changes to project scope and budget, ensuring proper documentation, approval, and assessment of their financial impact. Apply Earned Value Management (EVM) techniques to evaluate project cost performance and identify deviations from financial targets. Coordinate with Planning and Scheduling teams to align project timelines, milestones, and resource requirements with budget constraints. Prepare periodic cost reports, financial forecasts, and management presentations to support project decision-making. Technical skills include SAP ERP, Advanced Microsoft Excel, Power BI or equivalent, knowledge of EVM (CPI), variation management, WBS, and experience with subcontractor cost management, invoice verification, quantity surveying, and contract administration.