Engineer Cost Control | alfanar Building Systems

Job description:

Job Purpose

Monitor, analyze, and control project costs throughout the project lifecycle to ensure delivery within approved budgets. Provide accurate cost forecasting, financial reporting, and variance analysis, while supporting project management in making informed decisions. coordinate with project, procurement, contracts, QS, and finance teams to optimize cost performance, manage risks, and maintain effective budget control.

Functional Responsibilities

Budget Control & Cost Monitoring

• Prepare, maintain, and update project cost control sheets, cost codes, and budget tracking registers.

• Monitor commitments, actual costs, accruals, and forecasted costs against the approved project budget.

• Identify cost variances, analyze root causes, and recommend corrective actions to project management.

Forecasting & Reporting

• Prepare periodic cost reports, cash-flow updates, cost-to-complete forecasts, and estimate-at-completion dashboards.

• Support monthly project performance reviews by presenting budget status, risks, savings opportunities, and cost trends.

• Coordinate with planning teams to align cost forecasts with the project schedule and progress data.

Subcontracts, Procurement & Payments

• Track subcontractor and supplier commitments, invoices, payment certificates, and change impacts.

• Coordinate with procurement, contracts, QS, and finance teams to verify cost allocation and payment status.

• Support evaluation of variation orders, claims, and cost impacts before approval.

General Responsibilities

HR Proficiency:

• Ability to obtain updated soft and technical skills related to the job

• To have a vision and a plan for the career path and how to achieve it.

Delivery:

• Perform the planned activities to meet the operational and development targets as per delivery schedules.

• Utilize resources effectively to achieve objectives within efficient cost and time.

• Provide a periodic report formatted by detailing the deviation and execution of planned tasks.

Problem-Solving:

• Solve any related problems arise and escalate any complex operational issues.

Quality:

• Ensure quality requirements to develop effective quality control and processes including specifications for products or processes or related activities.

Business Process Improvements:

• Coordinate well-defined written systems, policies, procedures, and seek automations opportunities as much as possible.

Compliance:

• Comply to related policy and procedures and work instructions.

Health, Safety, and Environment:

• Ensure compliance of relevant safety, quality, and environmental management procedures and controls within defined area of work activity to guarantee safety, legislative compliance, and delivery of high-quality products/services.

Qualification Bachelor in Civil Engineering or Any relevant fieldExperience 4 to 6 Years2 to 5 YearsSkills Cost EstimatingCost ControlCost Variance AnalysisRisk Management

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