cost controller
# cost controller **Alrajhi Building & Construction** · Riyadh · `On-site` 🕒 **Статус:** *Опубликовано: 4 дня назад* · *Источник: Indeed* --- ### About the Role JOB DESCRIPTIONCost Controller – Contracting Company Job Title: Cost Controller Department: Finance / Project Controls Reports To: Finance Manager / Chief Financial Officer (CFO), with coordination with the Projects Director Industry: Construction and Contracting Location: Saudi Arabia 1. Job Purpose The Cost Controller is responsible for monitoring, analyzing, and controlling project costs across the company’s construction and contracting projects. The role ensures that project expenditures remain within approved budgets, identifies cost variances and financial risks, monitors commitments and cash flow, and provides accurate cost reports to management to support profitability, financial discipline, and timely decision-making. 2. Key Responsibilities A. Project Budgeting and Cost Planning - Review approved project budgets, BOQs, contracts, and cost estimates. - Establish project cost baselines and cost-control structures for labor, materials, equipment, subcontractors, and site overheads. - Allocate approved budgets to individual projects and cost codes. - Coordinate with the Estimation, Procurement, Projects, and Finance Departments to validate budget assumptions. - Ensure that project budgets are established before major procurement or execution commitments are made. B. Cost Monitoring and Control - Monitor actual project costs against approved budgets and contractual allowances. - Track committed costs, including purchase orders, subcontract agreements, material orders, and other financial obligations. - Compare actual, committed, forecast, and budgeted costs on a regular basis. - Investigate cost overruns, unfavorable variances, and unusual expenditures. - Recommend corrective actions to the relevant Project Manager and management. - Monitor direct costs, indirect costs, site expenses, equipment costs, and project overheads. C. Procurement and Subcontract Cost Control - Review purchase requisitions, purchase orders, and subcontract commitments against approved project budgets. - Coordinate with Procurement to ensure that procurement commitments are correctly allocated to projects and cost codes. - Monitor subcontractor costs, variations, progress valuations, and payment commitments. - Identify potential savings and cost-reduction opportunities without compromising quality, safety, or contractual requirements. - Verify that procurement commitments do not exceed approved budget allocations without the required authorization. D. Project Progress and Forecasting - Coordinate with Project Managers and site teams to compare physical progress with financial performance. - Prepare cost-to-complete forecasts and estimate the cost required to finish each project. - Monitor estimated final cost, forecast project margin, and potential losses. - Identify risks arising from delays, low productivity, material price changes, rework, and scope changes. - Review the financial impact of project variations, claims, and extensions of time in coordination with the relevant departments. E. Revenue, Billing, and Cash Flow Monitoring - Monitor contract values, approved variations, interim payment applications, certified amounts, collections, and outstanding receivables. - Compare project expenditure and cash requirements with expected progress payments and collections. - Coordinate with the Commercial and Finance Departments to identify unbilled work, delayed certifications, and overdue payments. - Prepare project cash flow forecasts and highlight potential funding gaps. - Track retention amounts, advance payments, advance-payment recovery, and other contractual deductions where applicable. F. Financial Reporting and Management Analysis - Prepare monthly project cost reports and management dashboards. - Report budget versus actual cost, committed cost, forecast final cost, cost variance, and expected gross profit. - Highlight projects with cost overruns, margin deterioration, delayed billing, or cash flow concerns. - Provide management with recommendations for cost recovery and corrective action. - Maintain accurate project cost records and supporting documentation for audit and management review. G. Internal Controls and Compliance - Ensure that project expenditures are supported by appropriate documentation and approvals. - Verify that costs are recorded against the correct project, contract, cost code, and accounting period. - Coordinate with Finance to reconcile project cost reports with accounting records. - Support internal and external audits and maintain reliable cost-control documentation. - Escalate unauthorized commitments, budget overruns, and material financial risks to management. 3. Key Performance Indicators (KPIs) - Accuracy and timeliness of monthly project cost reports. - Percentage of projects maintained within approved budgets. - Accuracy of estimated final cost and cost-to-complete forecasts. - Timely identification and escalation of budget variances. - Reduction in avoidable cost overruns and unapproved commitments. - Accuracy of project gross profit and margin forecasts. - Timeliness of project cash flow forecasts. - Percentage of project costs correctly allocated and reconciled. - Timely reporting of unbilled work, outstanding certifications, and overdue receivables. - Implementation rate of approved cost-saving and corrective actions. 4. Qualifications and Experience - Bachelor’s degree in Accounting, Finance, Cost Accounting, Engineering, or a related field. - Minimum 3–5 years of relevant experience in cost control, project accounting, or financial control within construction or contracting. - Strong understanding of construction project budgets, BOQs, subcontracting, procurement commitments, and project financial reporting. - Experience with project cost forecasting, variance analysis, and cash flow monitoring. - Proficiency in Microsoft Excel and ERP/accounting systems. - Knowledge of construction contracts, project variations, and progress-payment procedures. 5. Required Skills and Competencies - Strong analytical, numerical, and problem-solving skills. - High attention to detail and accuracy. - Ability to analyze financial and operational information. - Effective communication with Project Managers, Procurement, Commercial, and Finance teams. - Ability to identify risks and recommend practical corrective actions. - Strong reporting, documentation, and organizational skills. - Integrity, confidentiality, accountability, and adherence to approval procedures. 6. Key Working Relationships Internal: CFO, Finance Manager, Projects Director, Project Managers, Commercial and Contracts Department, Procurement, Estimation, Site Engineers, Warehouse, and Human Resources. External, where applicable: Subcontractors, suppliers, external auditors, and client representatives in coordination with authorized company personnel. 7. Authority and Limitations - Review and report project costs and financial commitments against approved budgets. - Request supporting documents and cost explanations from relevant departments. - Recommend corrective actions and cost-saving measures. - Escalate potential budget overruns and unauthorized financial commitments. The Cost Controller does not independently approve expenditure, amend contracts, authorize purchase orders, or change project budgets unless such authority is expressly delegated under the company’s approved Delegation of Authority. 8. Reporting Deliverables - Monthly Project Cost Control Report. - Budget Work Location: In person
Наблюдалась 2026-10-17, впервые 2026-10-13, источник — Indeed.