Cost Control Specialist

Job Purpose:The Cost Control Specialist owns the company's annual OPEX and CAPEX budget cycle and keeps spending on plan. The role builds and maintains the financial models required by lenders, shareholders and the Grantor, tracks every project and department against budget, and flags overruns early with a mitigation plan. It ensures all costs are captured in line with IFRS, SOCPA and regulatory requirements, and gives senior management and the Board clear, timely reporting on cost performance.

Job Responsibilities

Lead annual OPEX and CAPEX budget preparation with department heads; challenge assumptions and enforce alignment with corporate strategyReview and validate financial data from departments to ensure accuracy and completenessDevelop the budget template, timelines, guidelines and proceduresDevelop the annual traffic forecast in coordination with the Slots Department for budgeting purposes, with external advisors' assistance if necessaryDevelop and update financial models for CAPEX projects in line with lender, shareholder and Grantor requirementsWork with the Strategy and Treasury departments to develop financial models for new business and investment opportunities; validate assumptions with related departmentsCoordinate with lenders on project finance reporting, budget vs. actual and compliance certificates under the financing agreements and develop the related lender reportsMonitor cost vs. budget for each OPEX and CAPEX project and each department; flag overruns early and propose mitigation plansAnalyze cost drivers and identify savings and efficiency opportunitiesMaintain cost control systems in the ERP, ensuring WBS elements, cost centers and internal orders are set up correctlyValidate all fixed asset capitalization before it is recorded in the ERPDrive automation of budget reporting and reduce manual consolidation timeWork with Operations and project teams to validate scope changes and their budget impact before management approvalEstablish cost control policies, approval matrices and guidelines for project controlsPartner with Procurement on contract commitments, accruals and PO tracking to prevent budget leakagePrepare the Board and Management Pack, including KPI dashboards, cost trends, commitments vs. actuals and forecast outlookEnsure all costs are captured in line with IFRS, SOCPA and other regulatory requirementsSupport internal and external audits on budget, accruals, CAPEX capitalization and project finance reportingProvide monthly, quarterly and annual budget performance reports to senior managementEnsure compliance with regulatory requirements and internal financial policies and proceduresRequirementsEducation requirements: Bachelor's degree in finance, Accounting, Economics or a related field.Certification Requirements: Professional certification preferred: CMA, CPA, ACCA, SOCPA or CFA.Experience: Minimum 3 years in budgeting, cost control or FP&A, ideally in airports, infrastructure, aviation or a concession/PPP environment.Languages: Fluent in Arabic & English (required).

Technical Skills

Experience with ERP cost control modules (e.g. SAP CO/PS or Oracle), including WBS, cost centers and internal ordersAdvanced Excel and financial modelling skills; experience with BI tools (e.g. Power BI) is an advantage