Director – Cost Engineering

Overview

Job ID: 13820

Sector:

NEOM Investment Office

Location: NEOM, Saudi Arabia

COMPANY OVERVIEW

NEOM is a new vision of what the future could be. It’s an attempt to do something that’s never been done before and it’s coming at a time when the world needs fresh thinking and new solutions. NEOM will not only be a destination, but a home for people who dream big and who want to be part of building a new model for sustainable living. NEOM will be a hub for innovation, where established global businesses and emerging players can research, incubate, and commercialize groundbreaking technologies to accelerate human progress.

 

ROLE PURPOSE

The Construction Cost Analysis Engineer is responsible for evaluating and managing the financial aspects of construction projects. This role involves analyzing project costs, preparing cost estimates, monitoring budgets, identifying variances and ensuring that projects are completed within their financial constraints. The successful candidate will work closely with project managers, contractors, and stakeholders to provide accurate financial information and support decision-making processes.

KEY RESPONSIBILITIES

Cost Estimation:

• Prepare detailed cost estimates for construction projects, including materials, labor, equipment, and overhead.
• Analyze project plans, specifications, and proposals to determine project costs.
• Develop and maintain cost databases for use in future estimates.

Budget Management:

• Monitor project budgets and expenditures, ensuring that costs are controlled and aligned with the project’s financial goals.
• Identify cost variances and provide recommendations for corrective actions to keep projects within budget.
• Collaborate with project managers to forecast project costs and manage budget changes.

Cost Control and Reporting:

• Implement cost control processes to track and manage project costs throughout the project lifecycle.
• Prepare regular financial reports, including cost analyses, forecasts, and budget updates.
• Conduct financial analysis to support project decision-making and optimize resource allocation.

Risk Management:

• Identify potential cost risks and develop strategies to mitigate financial exposure.
• Work with the project team to assess the financial impact of changes in project scope or schedule.

Contract and Procurement Support:

• Review contractor bids, contracts, and change orders to ensure accuracy and cost-effectiveness.
• Provide financial input and analysis during contract negotiations and procurement processes.

Continuous Improvement:

• Continuously seek opportunities to improve cost estimation and control processes.
• Stay updated on industry trends, best practices, and new technologies related to construction cost management.

BACKGROUND, KNOWLEDGE & EXPERIENCE

• 10+ years of experience with a tier-1 technical advisor, including several advisory mandates with both the private and public sectors in BOOT, BOT, PPPs transactions.
• Knowledge of building codes and regulations prevailing in the KSA
• Strong understanding of construction processes, materials, and standards
• Experience in financial analysis and cost management
• Experience in large-scale construction projects is highly desirable.
• Quantitative and qualitative analytical experience coupled with knowledge of operating principles.
• Experience in working in matrix organizations and understanding in leading or being part of functional projects cross a global cross-functional team.
• Strong analytical experience and presentation skills with unique attention to details.
• Skilled communicator who can operate as a team player and influence change.
• Proven ability to maintain strong relationships with internal and external stakeholders, while coordinating multiple tasks / priorities.
• Ability to undertake strategic thinking and adapt to a dynamic environment.

 

QUALIFICATIONS

 

• Bachelor’s degree in – Civil Engineering, Construction Management, Quantity Surveying, or a related field.

 

NEOM is committed to attracting and retaining the highest caliber of employees to support NEOM’s vision, mission and strategy. NEOM sources the best candidates based on fit for the role and searches local and global markets to identify talent.

NEOM is an equal opportunities employer. All qualified applicants will receive consideration for employment without regard to gender, disability, age, or any other form of discrimination/other characteristic protected by applicable local laws, regulations and ordinances.

As part of our recruitment process, NEOM will undertake reference checks to confirm suitability for the role. All offers of employment are subject to references, evidence of all qualifications and awards, and other background checks being satisfactorily completed. Additionally, all offers are subject to the candidate being able to successfully obtain a work visa to enter and work in the Kingdom of Saudi Arabia.

This job description is not an exhaustive list of duties and responsibilities. The employee may be required to perform additional job-related tasks and duties as assigned. To meet NEOM’s objectives and business needs, the work location is subject to change. Non office-based roles involve outdoor activities. Candidates should be prepared to work outdoors and on construction sites as part of their job responsibilities.

NEOM uses artificial intelligence as part of its recruitment process to assist and enhance efficiency. However, all final hiring decisions are made by human recruiters, ensuring that NEOM’s employment process remains fair and transparent.

The actions of our team should always support the NEOM Values

Learn more about NEOM’s Values