COST CONTROLLER (1 VACANCY) @ DAMMAM

Job Summary:
We are seeking a highly skilled Cost Controller to join our team in Dammam. The ideal candidate will be responsible for monitoring, analyzing, and controlling costs related to the manufacturing of portable cabins. This role requires strong financial acumen, attention to detail, and the ability to optimize expenses while maintaining quality standards.

Key Responsibilities:
Cost Monitoring & Analysis:

Job Description: Cost Controller

• Control and monitor project costs, including monthly, variable, fixed, and unforeseen expenses, ensuring strict adherence to financial targets and organizational objectives.
• Prepare and manage contracts for all cost accounts, establish detailed budgets, and enforce compliance with approved financial plans and policies.
• Develop, maintain, and oversee cost budgets within defined timelines, implementing measures to prevent overspending and ensure fiscal discipline.
• Track daily budgets, analyze expenditures, identify variances, and implement corrective actions to maintain financial stability; report financial performance to senior management.
• Collaborate with cross-functional departments to identify budget variations, deviations, or changes, and escalate discrepancies to management for timely resolution.
• Oversee department-wise budgets (daily, weekly, monthly, yearly), conduct comparative analysis with historical data, and assess financial performance against benchmarks.
• Monitor budget adherence rates, identify gaps, and implement strategies to improve alignment with organizational financial goals.
• Analyze cost variances, investigate root causes, and develop strategies to minimize discrepancies while enhancing financial efficiency.
• Ensure accurate and timely preparation of financial reports, including cost summaries, forecasts, and expenditure analyses for management review.
• Propose and implement cost-saving initiatives to optimize expenditures without compromising operational efficiency or quality standards.
• Maintain strong communication with stakeholders across departments to align financial planning with business requirements and strategic objectives.
• Conduct regular audits to verify cost accuracy, compliance with budgetary guidelines, and adherence to financial policies.
• Assist management in financial forecasting, risk assessment, and decision-making by providing data-driven insights and recommendations.
• Stay updated on industry trends, regulatory changes, and best practices in cost control to enhance financial strategies and processes.
• Support the finance team in month-end and year-end closing activities, ensuring accurate financial reporting and documentation.
• Train and guide team members on cost control procedures, budget management, and financial compliance to foster a cost-conscious work culture.
• Utilize financial software and tools to streamline cost tracking, reporting, and analysis for improved efficiency and accuracy.

Soft Skills:

Analytical mindset with strong problem-solving abilities.

Excellent communication and negotiation skills.

Ability to work under pressure and meet deadlines.

Language: Fluency in English (Arabic is a plus).