Cost Control Specialist

Tugas kerja

About the Role Tibah Airports Operation is seeking a Cost Control Specialist to manage the company's annual OPEX and CAPEX budget cycle in Saudi Arabia. This contract role focuses on ensuring spending aligns with plans, developing financial models for various stakeholders, and proactively identifying and mitigating budget overruns. The specialist will be crucial in providing clear, timely reporting on cost performance to senior management and the Board. Role Purpose and Context The Cost Control Specialist is responsible for the comprehensive management of financial controls, ensuring all costs are captured in line with IFRS, SOCPA, and regulatory requirements. This position involves close coordination with various departments, lenders, and external advisors to maintain financial integrity and strategic alignment across all projects and operations. Key Responsibilities Lead the annual OPEX and CAPEX budget preparation with department heads, challenging assumptions and ensuring alignment with corporate strategy. Review and validate financial data from departments for accuracy and completeness. Develop budget templates, timelines, guidelines, and procedures. Develop the annual traffic forecast in coordination with the Slots Department for budgeting purposes. Develop and update financial models for CAPEX projects in line with lender, shareholder, and Grantor requirements. Collaborate with Strategy and Treasury departments to develop financial models for new business and investment opportunities. Coordinate with lenders on project finance reporting, budget vs. actuals, and compliance certificates. Monitor cost vs. budget for each OPEX and CAPEX project and department, flagging overruns and proposing mitigation plans. Analyze cost drivers and identify savings and efficiency opportunities. Maintain cost control systems in the ERP, ensuring correct setup of WBS elements, cost centers, and internal orders. Validate all fixed asset capitalization before ERP recording. Drive automation of budget reporting to reduce manual consolidation time. Work with Operations and project teams to validate scope changes and their budget impact. Establish cost control policies, approval matrices, and guidelines for project controls. Partner with Procurement on contract commitments, accruals, and PO tracking. Prepare Board and Management Packs, including KPI dashboards, cost trends, and forecast outlook. Ensure all costs are captured in line with IFRS, SOCPA, and other regulatory requirements. Support internal and external audits on budget, accruals, CAPEX capitalization, and project finance reporting. Provide monthly, quarterly, and annual budget performance reports to senior management. Ensure compliance with regulatory requirements and internal financial policies and procedures. Qualifications and Experience Education: Bachelor's degree in Finance, Accounting, Economics, or a related field. Experience: A minimum of 3 years of experience in budgeting, cost control, or FP&A. Experience in airports, infrastructure, aviation, or a concession/PPP environment is preferred. Work Type This is a contract position based in Saudi Arabia. Application Information The salary for this position will be disclosed during the interview process.