Project Cost Management Manager

Job PurposeLead project cost planning, monitoring, and forecasting across real estate development projects. Provide reliable visibility of budgets, commitments, expenditure, and anticipated final costs to support informed decisions and delivery within approved budgets.Key ResponsibilitiesDevelop and maintain project cost plans, baseline budgets, and cost breakdown structures across the development lifecycle.Monitor actual costs, contractual commitments, accruals, and remaining expenditure against approved budgets.Prepare and regularly update estimates to complete and estimates at completion, documenting assumptions and potential cost exposures.Analyze cost variances, identify emerging overruns, and recommend corrective actions.Manage the cost change register and assess the financial impact of scope changes, variation orders, claims, and project delays.Coordinate with Development, Project Management, Procurement, Contracts, and Finance teams to ensure consistent and accurate cost information.Review tender submissions, procurement recommendations, and contract awards against approved cost plans and available budgets.Prepare project cash flow forecasts aligned with delivery schedules, procurement plans, and payment milestones.Produce monthly cost reports and management dashboards covering budget performance, commitments, forecasts, risks, and contingencies.Monitor contingency utilization and maintain visibility of project cost risks and opportunities.Review contractor and consultant payment information with relevant teams to ensure accurate cost reporting.Maintain project cost data within ERP and project management systems, ensuring reconciliation with financial records.Support development feasibility reviews, value engineering exercises, and investment decisions through cost analysis.Establish consistent cost management procedures, reporting standards, and controls across the project portfolio.Qualifications and ExperienceBachelor’s degree in Finance or Accounting. A relevant professional certification, such as CMA, CPA, ACCA, or SOCPA, is preferred.At least 8 years of relevant experience in project cost management, cost planning, or cost control, including managerial or supervisory experience.Strong experience in large-scale residential, mixed-use, infrastructure, or master-planned real estate developments.Exposure to Saudi giga-projects, leading master developers, real estate development companies, real estate investment funds, or their delivery partners is preferred.Proven expertise in cost planning, commitment tracking, forecasting, change management, and cost-at-completion analysis.Strong understanding of construction contracts, procurement processes, and the real estate development lifecycle.Proficiency in ERP and project management systems used for development budgeting, procurement, contract management, and cost reporting.Advanced Excel and financial modeling skills; experience with Power BI is an advantage.Relevant professional certification, such as RICS, AACE, or PMP, is preferred.Core CompetenciesProject cost planning and controlForecasting and cost analysisCommercial awarenessChange and risk managementStakeholder coordinationReporting accuracy and attention to detailTeam leadership and problem-solving