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Senior Cost Manager - Fund Monitoring Lead

Job in Riyadh, Riyadh Region, Saudi Arabia
Listing for: PMKConsult
Full Time position
Listed on 2026-09-04
Job specializations:
  • Construction
Salary/Wage Range or Industry Benchmark: 250000 - 420000 SAR Yearly SAR 250000.00 420000.00 YEAR
Job Description & How to Apply Below

Why Join PMK

PMKConsult is an award-winning project commercial and design management consultancy with offices in the UAE KSA and the UK with a project footprint that exceeds 4 5 million sqm and a project portfolio value exceeding USD 8 billion We re proud of our strong company culture We actively build a positive and collaborative working environment by bringing in people who encourage and support their teammates take full ownership proactively solve problems and focus on results

Key Responsibilities
  • Review project appraisals budgets cost plans cashflow and contracts from a lender s perspective
  • Monitor construction progress programme costs quality variations claims and delays
  • Independently verify project progress and contractor payment applications to support lender drawdowns
  • Monitor cost-to-complete forecasts contingency and overall project financial performance
  • Identify assess and report key project risks recommending appropriate mitigation measures
  • Conduct regular site inspections and attend project progress meetings
  • Liaise with the Borrower Contractor and design team while maintaining independence and confidentiality
  • Prepare monitoring reports drawdown recommendations executive summaries and ad hoc risk reports
Experience & Background

Chartered membership of RICS (MRICS/FRICS) or equivalent recognised professional body. Minimum 8 10+ years' post-qualification QS experience, including prior experience in development/bank monitoring, employer's agent, or project monitoring roles. Experience working on projects in Saudi Arabia or the wider GCC strongly preferred; familiarity with local contracting practices, FIDIC-based contracts, and Saudi regulatory/permitting environment. Strong understanding of construction finance structures, drawdown mechanisms, and lender risk requirements.

Excellent written reporting skills suitable for credit/investment committee audiences. Willingness and ability to travel/be based on site across KSA.

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Position Requirements
10+ Years work experience
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