Overview
Costing & Budget Controller Jobs in Riyadh, Saudi Arabia at Albawani | البواني
Title: Costing & Budget Controller
Company: Albawani | البواني
Location: Riyadh, Saudi Arabia
Job Title: Costing & Budget Controller.
Role Purpose: The Costing & Budget Controller is responsible for planning, monitoring, and controlling project budgets and costs to ensure financial efficiency and alignment with project objectives. The role adds business value by enabling data-driven decision-making, enhancing cost transparency, and optimizing resource allocation to improve overall project performance and financial outcomes.
Key Activities:
- Develop and maintain detailed project budgets aligned with scope and cost estimates
- Validate cost assumptions and ensure alignment with project requirements
- Update budget forecasts based on project progress and financial performance
- Monitor actual costs against approved budgets and identify variances
- Analyze cost performance and determine root causes of deviations
- Implement cost control measures and recommend corrective actions
- Prepare accurate and timely cost and budget reports
- Deliver variance analysis and financial insights to support decision-making
- Ensure consistency, reliability, and transparency of financial data
- Maintain cost control systems and ensure data integrity across tools
- Enhance reporting efficiency through system improvements and automation
- Support digital transformation initiatives and automation of cost reporting processes
- Coordinate with IT teams for system updates and enhancements
- Collaborate with project, procurement, and finance teams on cost-related matters
- Support project planning, budgeting, and resource allocation activities
- Provide cost insights during project reviews and performance discussions
Necessary Knowledge and Experience:
- 5–8 years of experience in cost control, budgeting, or project finance
- Strong understanding of construction cost structures and project lifecycle
- Industry experience in EPC, construction projects, or similar sectors is required
- Experience in budget preparation, cost tracking, and variance analysis
Education and Certification Minimum Requirements:
- Bachelor’s degree in Engineering, Finance, or related field
Preferred: PMP (Project Management Professional), Cost Control / Project Control certifications
Job Specific Technical Skills:
- Strong Excel and financial modeling skills
- Proficiency in ERP systems (e.g., SAP, Oracle)
- Knowledge of cost control tools and reporting systems
- Ability to perform variance analysis and forecasting
- Proficiency in Power BI and dashboard development for reporting and data visualization