Cost Control Engineer

Job description / Role

Group overview

Headquartered in Riyadh, Saudi Arabia, we operate construction and manufacturing businesses, design and development centers, and a host of facilities in the Middle East and other countries.

alfanar is involved in:

Our main divisions:

alfanar construction

alfanar construction is classified as a Grade I contractor by the Contractors Classification Committee of the Government of Saudi Arabia.

alfanar construction is an engineering, procurement and construction (EPC) company with a track record of consistent growth. We have emerged as a strong EPC contractor in the energy, infrastructure as well as engineering services sectors in Saudi Arabia.

With the support of special purpose service units, alfanar construction continuously strives to provide appropriate and timely solutions to clients, conforming to international standards.

The core EPC activities of alfanar construction are in the fields of:

About alfanar projects

Since 1976, we’ve grown and diversified our business to meet the evolving needs of a changing world. Alfanar Projects is an integrated global project developer and engineering, construction, and technology solutions provider with a robust portfolio of landmark projects across the energy, water, and infrastructure sectors.

From Saudi Arabia to the rest of the world, we work closely with governments and partners to deliver strategic projects that support national goals and long-term visions. Our work directly contributes to sustainable development and infrastructure modernization in multiple countries.

At the heart of our success are more than 10,000 professionals—diverse, skilled, and united by purpose. Our global teams are committed to delivering impact-driven solutions that shape a better, more sustainable future.

Role overview

We are seeking a qualified and detail-oriented Cost Control Engineer to join our project execution team. The role is responsible for developing, monitoring, and controlling project budgets, conducting variance and performance analyses, and ensuring cost efficiency throughout the project lifecycle in accordance with Alfanar’s standards and financial procedures.

Key responsibilities

Foundations of cost management
Build and maintain project budgets and approved cost baselines.
Structure and manage cost breakdown structures (CBS) and work breakdown structures (WBS) in line with contracts and bills of quantities (BOQs).
Set up and maintain cost codes to ensure proper allocation of costs across activities, disciplines, and resources.

Cost tracking & reporting
Record, validate, and reconcile actual costs, commitments, and accruals.
Prepare weekly and monthly cost reports, dashboards, and S-curves to track project performance.
Consolidate quantities, unit rates, and productivity data to support accurate reporting and cost forecasting.

Variance, forecasting & earned value management (EVM)
Perform variance analysis (budget vs. actual vs. commitment) and report key deviations.
Apply earned value management principles (CPI, SPI, EAC, ETC) to forecast cost and schedule performance.
Identify cost trends and recommend corrective actions to maintain project financial targets.

Change, risks & controls
Track and evaluate change orders, claims, and variations for their cost impact.
Identify and quantify cost risks and opportunities, developing mitigation or optimization strategies.
Support internal and external cost audits, ensuring compliance with Alfanar’s controls, policies, and procedures.

Collaboration & systems
Coordinate closely with planning, procurement, and site teams to reconcile quantities, progress, and costs.
Maintain organized cost documentation including invoices, purchase orders, material receipts, and variation backups.
Work with ERP and Primavera systems to integrate and automate project cost reporting processes.

Qualifications and skills

About the Company

alfanar builds efficient energy systems & solutions of the present and sets up infrastructures for a brighter future.

We assist utility sector partners & customers in transforming cities into sustainable, habitable, and inclusive Smart Cities by harnessing renewable energy resources from wind, solar, and waste heat energy. Promoting the transition to a sustainable eco-conscious future.

Using world-class technologies, we develop unrivaled quality electrical solutions & products from our manufacturing facilities, to solve the world’s major energy challenges and make the world a better viable place.

Diligence, Efficiency, and Innovation are the key criteria our teams adopt in order to continuously provide effective solutions. We’re constantly equipping our teams with the tools they need to expand their horizons and reach higher grounds.

Being in an ever-changing environment with a crucial impact on their surroundings, our employees are nurtured to become keen thinkers with highly refined skills and a consistent outlook on the future, working together on finding the next big innovation.