Cost Control Engineer

Job description:

About Alfanar Projects

Since 1976, we’ve grown and diversified our business to meet the evolving needs of a changing world. Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors.

From Saudi Arabia to the rest of the world, we work closely with governments and partners to deliver strategic projects that support national goals and long-term visions. Our work directly contributes to sustainable development and infrastructure modernization in multiple countries.

At the heart of our success are more than 10,000 professionals—diverse, skilled, and united by purpose. Our global teams are committed to delivering impact-driven solutions that shape a better, more sustainable future.

Role Overview

We are seeking a qualified and detail-oriented Cost Control Engineer to join our project execution team. The role is responsible for developing, monitoring, and controlling project budgets, conducting variance and performance analyses, and ensuring cost efficiency throughout the project lifecycle in accordance with Alfanar’s standards and financial procedures.

Key Responsibilities Foundations of Cost Management

• Build and maintain project budgets and approved cost baselines.

• Structure and manage Cost Breakdown Structures (CBS) and Work Breakdown Structures (WBS) in line with contracts and Bills of Quantities (BOQs).

• Set up and maintain cost codes to ensure proper allocation of costs across activities, disciplines, and resources.

Cost Tracking & Reporting

• Record, validate, and reconcile actual costs, commitments, and accruals.

• Prepare weekly and monthly cost reports, dashboards, and S-curves to track project performance.

• Consolidate quantities, unit rates, and productivity data to support accurate reporting and cost forecasting.

Variance, Forecasting & Earned Value Management (EVM)

• Perform variance analysis (budget vs. actual vs. commitment) and report key deviations.

• Apply Earned Value Management principles (CPI, SPI, EAC, ETC) to forecast cost and schedule performance.

• Identify cost trends and recommend corrective actions to maintain project financial targets.

Change, Risks & Controls

• Track and evaluate change orders, claims, and variations for their cost impact.

• Identify and quantify cost risks and opportunities, developing mitigation or optimization strategies.

• Support internal and external cost audits, ensuring compliance with Alfanar’s controls, policies, and procedures.

Collaboration & Systems

• Coordinate closely with Planning, Procurement, and Site teams to reconcile quantities, progress, and costs.

• Maintain organized cost documentation including invoices, purchase orders, material receipts, and variation backups.

• Work with ERP and Primavera systems to integrate and automate project cost reporting processes.

Qualifications and Skills

• Bachelor’s Degree in Engineering (Civil, Electrical, Mechanical, or Construction Management).

• Minimum of 5 years of experience in project cost control, preferably in EPC, construction, or industrial environments.

• Proven experience working on large-scale power, infrastructure, or energy projects.

• Experience in Substation and OHTL (Overhead Transmission Line) projects is a strong advantage.

• Strong understanding of cost estimation, budgeting, forecasting, and earned value methodologies.

• Skilled in using ERP systems and project control tools (Oracle, SAP, or Primavera).

• Proficient in MS Excel and MS Office Suite, with advanced analytical and reporting skills.

• Excellent communication and interpersonal abilities with strong command of English.

• High attention to detail, strong numerical aptitude, and problem-solving mindset.

• Ability to collaborate effectively across cross-functional teams and meet strict deadlines.

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