Commercial Specialist - Cost Control

Job Details

Role:
Commercial Specialist – Cost Control

Location:

Tabuk, Saudi Arabia

Industry: Construction

Function:
Budgeting/Cost Control

Experience:

Minimum 4 years in cost management

Job Type: Full-time

Salary: 15,

Nationality:
Saudi National (Required)

Gender: Any

Commercial Specialist - Cost Control in Tabuk, Saudi Arabia is a construction hiring opportunity for a Saudi National with experience in project budgeting, cost forecasting, invoicing, earned value analysis, and financial reporting. The role supports major engineering or entertainment construction projects by establishing cost baselines, monitoring project performance, explaining variances, and helping management maintain effective commercial control.

The Commercial Specialist supports the department manager and Project Director by developing, implementing, and maintaining reliable cost control systems for large projects. The role provides visibility over resource use, revenue, expenditure, invoicing, change control, and future financial requirements. Accurate forecasting and timely performance reporting are central to this position. By coordinating with project management, planning, finance, and technical departments, the Commercial Specialist helps identify emerging cost risks, explain variances, and recommend corrective measures before they affect project objectives.

• Coordinate with project departments to ensure all costs are assigned accurately to the correct jobs and work packages.
• Maintain complete visibility of project expenditure, commitments, revenue, resources, and commercial performance.
• Manage project budgets, invoicing, change control, and cost forecasting activities.
• Establish baseline budgets covering resources, revenue, and cost.
• Develop an appropriate Work Breakdown Structure in coordination with the Project Manager, Scheduler, and relevant disciplines.
• Align the cost baseline with project scope, programme requirements, resource plans, and approved commercial assumptions.
• Analyze actual and forecast costs against the approved baseline.
• Collaborate with the planning team to evaluate current performance and expected project outcomes.
• Prepare earned value, cost performance, and financial analysis reports.
• Develop and update weekly and monthly cost tracking reports.
• Establish resource, revenue, and cost projections with project teams.
• Perform variance analysis against baseline projections.
• Investigate unfavorable trends and identify the financial causes of performance differences.
• Recommend corrective actions to improve cost performance and forecasting accuracy.
• Use historical project data and current trends to maintain realistic planning assumptions.
• Support monthly and quarterly commercial and financial reviews.
• Help project teams explain cost variances, forecast changes, and performance justifications.
• Provide specialist guidance for complex cost control issues.
• Assist the Project Director with the review and finalization of the project business plan.
• Customize project control systems and reporting structures to suit project requirements.
• Maintain accurate records for budgets, forecasts, invoices, changes, and approved adjustments.
• Monitor change events and ensure their cost and revenue implications are reflected in forecasts.
• Review invoicing progress and coordinate the resolution of commercial discrepancies.
• Prepare statistical information, dashboards, charts, and management reports.
• Use Power BI to present cost trends, performance indicators, and forecast information.
• Apply advanced Excel techniques for financial modelling, data analysis, reconciliations, and reporting.
• Interface with clients when required and participate in commercial or project review meetings.
• Provide clear explanations of cost status, financial risks, and projected outcomes.
• Support compliance with project governance, accounting procedures, and commercial reporting standards.
• Coordinate with PMC teams, main contractors, consultants, and internal stakeholders.
• Maintain confidentiality and accuracy when handling project financial information.
• Perform other responsibilities assigned by the department manager or project leadership.

• Saudi National as required for this position.
• Bachelor 's degree in Accounting, Finance, or a closely related discipline from an accredited institution.
• Minimum 4 years of experience in cost management, forecasting, and financial reporting.
• SOCPA registration is mandatory.
• Previous involvement in mega engineering construction or entertainment construction projects.
• Experience with a project management consultancy or main contractor is advantageous.
• Strong understanding of project budgets, cost baselines, invoicing, change control, and forecasting.
• Practical experience with earned value and cost performance reporting.
• Ability to establish Work Breakdown Structures and connect them with financial controls.
• Strong variance analysis and corrective action planning capability.
• Advanced proficiency in Microsoft Excel.
• Practical…