Cost Control Engineer - Power International Holding - Riyadh

Power International Holding is a leading and diversified conglomerate in the market, with a strong presence in construction, infrastructure, and investment sectors. Its engineering and technical team contributes to shaping the skyline of Saudi Arabia through innovative and mega-projects. The group is currently seeking a professional Cost Control Engineer to join its dynamic team in Riyadh, the vibrant heart of the Kingdom's economic and developmental growth.

Job Description and Key Responsibilities

The Cost Control Engineer will be responsible for the financial and planning aspects of engineering and construction projects, ensuring objectives are met within the defined budget. Key responsibilities include:

• Cost Monitoring and Analysis: Tracking actual project costs against the approved budget, and preparing periodic variance analysis reports (weekly/monthly).
• Budgeting and Estimating: Assisting in the preparation of initial project budgets and detailed cost estimates at various design and execution stages.
• Quantity Surveying (Q.S.) Management: Reviewing work quantities and calculating earned value for contractors and suppliers based on actual progress.
• Procurement Financial Analysis: Evaluating quotations and tenders from a financial perspective and recommending the most cost-efficient options.
• Financial Forecasting: Developing Estimate at Completion (EAC) forecasts and identifying potential financial risks.
• Internal Coordination: Working closely with Project Managers, Engineers, Procurement, and Project Accountants to ensure financial data integration.
• Compliance Assurance: Ensuring company procedures and financial policies are adhered to in all project transactions.

Qualifications and Core Requirements

To be a successful candidate for this position, you should meet the following criteria:

• Educational Qualification: A Bachelor's degree in Engineering (Civil, Mechanical, Electrical) or in Business Administration with a focus on Finance or Accounting. Advanced certifications (e.g., PMP, CCP) are a plus.
• Work Experience: Minimum 3 to 5 years of experience in a similar role (cost control, quantity surveying, project management) within the construction, infrastructure, or energy sector.
• Technical Skills:
  • Advanced proficiency in Microsoft Office, especially Excel (formulas, pivot tables).
  • Practical knowledge of project and cost management software like Primavera P6, MS Project, or specialized tools like CostX.
  • Strong understanding of accounting principles and contract management.
• Soft Skills:
  • Excellent analytical and deductive skills with a keen attention to detail.
  • Ability to work under pressure and meet challenges in a fast-paced project environment.
  • Strong communication and interpersonal skills, both written and verbal, in Arabic and English.
  • Team spirit and the ability to convey complex financial information clearly to non-financial stakeholders.

Why Work for Power International Holding?

Joining Power International Holding means becoming part of an organization contributing to the Kingdom's Vision 2030 through pivotal projects. While specific benefit details were not mentioned in the initial ad, leading sector firms typically offer:

• A stimulating and competitive work environment in a dynamic market.
• Opportunities for career development and growth within a large, diversified group of companies.
• Involvement in large-scale, nationally impactful projects.

How to Apply for the Position

Application for this position is conducted through the Naukrigulf online platform, one of the largest job portals in the Gulf region. Interested candidates are advised to:

1. Update their Curriculum Vitae (CV) to highlight experience relevant to cost control tasks in engineering projects.
2. Ensure previous projects, the scale of budgets managed, and software used are clearly stated in the CV.
3. Apply via the official job link on the Naukrigulf website, attaching the updated CV and a brief cover letter (if possible).
4. Search for the job title "Cost Control Engineer" and company name "Power International Holding" on the platform to ensure applying to the correct listing.

Given the rapid pace of the construction sector in Riyadh, applying at the earliest opportunity is recommended to ensure your application is considered.