Cost Control Manager

Job Overview:

We are seeking an experienced Cost Control Manager to oversee and optimize cost management activities within the water and wastewater treatment sector. The ideal candidate will be responsible for monitoring project budgets, analyzing cost variances, implementing cost-saving strategies, and ensuring financial efficiency across engineering, procurement, and construction (EPC) projects. This role requires strong analytical skills, financial acumen, and industry-specific expertise to drive cost-effective solutions while maintaining high-quality standards.

Key Responsibilities:

• Develop, implement, and maintain cost control procedures and policies for water and wastewater treatment projects.
• Monitor project budgets, track expenditures, and ensure adherence to financial targets.
• Analyze cost variances, identify risks, and recommend corrective actions to mitigate budget overruns.
• Prepare detailed cost reports, forecasts, and financial models for senior management.
• Collaborate with project managers, engineers, and procurement teams to optimize cost efficiency.
• Review contracts, change orders, and vendor invoices to ensure compliance with budgetary constraints.
• Conduct risk assessments related to cost fluctuations, material pricing, and labor costs.
• Support tender and bid evaluations by providing cost estimates and feasibility assessments.
• Ensure compliance with financial regulations, company policies, and industry best practices.
• Implement cost-reduction initiatives without compromising project quality or timelines.

Required Skills & Qualifications:

• Bachelor’s degree in Finance, Accounting, Engineering, or a related field. Master’s degree or professional certification (e.g., CMA, CPA, PMP) is a plus.
• Minimum 10 years of experience in cost control, financial management, or project controls, preferably in the water/wastewater treatment, EPC, or utilities sector.
• Strong expertise in budgeting, forecasting, cost analysis, and financial reporting.
• Proficiency in ERP systems (e.g., SAP, Oracle), cost control software, and advanced Excel skills.
• Knowledge of EPC contract terms, procurement processes, and tender management.
• Excellent analytical, problem-solving, and decision-making abilities.
• Strong communication and negotiation skills for stakeholder management.
• Familiarity with Saudi Arabian market dynamics, regulations, and cost structures is highly desirable.