Profitability & Cost Management Manager Job Riyadh area,Riyadh Region Saudi Arabia,Management

To execute the costing and budgeting requirements, including assessing material and resource requirements, drafting tender related documentation, preparing cost estimates based on technical specifications and managing contract administration in order to support the development of construction projects in line with business objectives.

DUTIES AND RESPONSIBILITIES GENERAL ACCOUNTABILITY

Help develop and oversee the implementation of the function’s policies, procedures and controls covering all areas of activity, ensuring all relevant procedural/statutory requirements are fulfilled while delivering high quality and cost-effective results
Help direct change management through continuous improvement the function’s systems, processes and practices, proactively taking into account leading practices, changes in the business environment
Develop and implement relevant Service Level Agreements (SLAs) with other functions

People Management

Help install a culture of development, guidance and performance within the function
Guide, mentor and develop the relevant function team to take larger and more complex responsibilities
Identify and recruit key talent for the relevant function area
Provide clear top-down communication to employees and bottom-up feedback to top management
Set performance objectives, provide necessary support, evaluate/appraise direct reports, and provide regular feedback on performance
Establish a high-performance working environment within the function

FUNCTION ACCOUNTABILITY

Evaluate and conduct measurements of property, extract quantities required, and conduct modelling to identify material and equipment requirements in line with the same

Engage with design teams to understand the project brief and define project specifications accordingly

Prepare cost plans and estimates, conduct financial modelling and cost analysis, and determine cost flow projections

Conduct cost benchmarking of similar projects and maintain internal repository of project lifecycle cost benchmarks

Conduct project reviews during construction phase, ensure adherence to defined budgets, and prepare periodic cost reports for leadership reviews

Support in the preparation of feasibility reports and design proposals by providing inputs on cost feasibility and adherence

Support with tender qualifications and documentation and ensure adherence to appropriate conditions of contract

Identify market and industry developments / trends and provide recommendations to management on cost optimization strategies

Participate in cost reviews throughout the development lifecycle and support changes to the budgets based on iterations in timelines, designs and other factors

Operate as an internal subject matter expert and provide support to the project teams on finance / costing related matters

STAKEHOLDER RELATIONSHIPSKEY INTERNAL RELATIONSHIPSKEY EXTERNAL RELATIONSHIPS

Third Party Construction / Design / Manpower Contractors
Government regulators and utility providers

JOB REQUIREMENTS EDUCATION PREREQUISITES

Bachelor’s degree in Finance, Accounting, or equivalent is required
Master’s degree in Business Administration or equivalent is preferred

PROFESSIONAL EXPERIENCE

Minimum of 7+ Years of experience in Real Estate or in a related field, with at least 2 years of experience in a managerial position

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