Cost Lead

We are seeking a highly skilled and experienced Cost Lead to join our team in Jeddah, Saudi Arabia. As a Cost Lead, you will play a crucial role in overseeing and managing all aspects of cost estimation, budgeting, and financial analysis for our projects. This position requires a strategic thinker with strong analytical skills and the ability to lead and influence cross-functional teams.

Responsibilities

• Develop and implement cost management strategies to ensure project financial success
• Lead the preparation of detailed cost estimates for complex projects
• Analyze and interpret financial data to identify trends, risks, and opportunities
• Create and maintain project budgets, forecasts, and cash flow projections
• Collaborate with project managers and other stakeholders to optimize project costs
• Conduct variance analyses and provide recommendations for cost control measures
• Oversee the development and maintenance of cost databases and historical cost information
• Prepare and present comprehensive cost reports to senior management
• Mentor and guide junior team members in cost management practices
• Stay updated on industry trends and best practices in cost management

Qualifications

• Bachelor's degree in Engineering, Finance, Economics, or related field
• Minimum 15 years of experience in cost management or related field
• Professional certifications such as CCP (Certified Cost Professional) or PMP (Project Management Professional) preferred
• Proven expertise in cost estimation, budgeting, and financial analysis
• Strong proficiency in cost management software (e.g., "Oracle Primavera, MS Project") and advanced Excel skills
• Experience in large-scale projects, preferably in construction, engineering, or manufacturing industries
• Excellent analytical and problem-solving skills with keen attention to detail
• Strong leadership and communication abilities to effectively manage teams and interact with stakeholders
• Knowledge of industry-specific cost drivers and trends
• Familiarity with local and international cost standards and regulations
• Ability to work under pressure and meet tight deadlines in a fast-paced environment
• Excellent organizational and time management skills