Overview
Budget and Cost Control Lead Engineer Jobs in Riyadh, Saudi Arabia at AL-AYUNI Investment and Contracting Company
Title: Budget and Cost Control Lead Engineer
Company: AL-AYUNI Investment and Contracting Company
Location: Riyadh, Saudi Arabia
We are looking for an experienced Lead Engineer – Budget & Cost Control to oversee project budgeting, cost control, and financial performance across major infrastructure projects. The successful candidate will play a key role in ensuring effective cost management throughout the project lifecycle while supporting accurate forecasting, reporting, and strategic decision-making.
Key Responsibilities
- Lead the preparation and management of project budgets, including initial and revised estimates.
- Monitor project costs, analyze variances, and implement corrective actions to maintain budget performance.
- Manage project forecasting activities, including Estimate at Completion (EAC) and Estimate to Complete (ETC).
- Review project progress, earned value, and cost performance to ensure alignment between schedule and budget.
- Prepare cost reports, dashboards, and financial performance analyses for management.
- Ensure the accuracy and integrity of cost data within ERP systems.
- Evaluate budget change requests and assess their financial impact.
- Collaborate with project teams and stakeholders to support effective cost planning and control.
- Support project close-out activities, including final cost analysis and financial reporting.
Requirements
- Bachelor’s degree in Civil Engineering or a related discipline.
- Minimum 10 years of experience in budgeting and cost control, including at least 2 years in a supervisory or leadership role.
- Proven experience working on infrastructure projects.
- Strong knowledge of project cost management, forecasting, budgeting, and financial reporting.
- Hands-on experience with Oracle Fusion ERP.
- Professional Project Management certification (e.g., PMP) is preferred.
- Excellent analytical, problem-solving, communication, and stakeholder management skills.
If you have a strong background in project cost control and are looking to contribute to large-scale infrastructure projects, we encourage you to apply.