Senior Cost Control Engineer

Egis is a leading global architectural, consulting, construction engineering, operations and mobility services firm. We create and operate intelligent infrastructure and buildings that both respond to the climate emergency and contribute to balanced, sustainable and resilient development. Our 20,500 employees operate across over 100 countries, deploying their expertise to develop and deliver cutting-edge innovations and solutions for clients. Through the wide range of our activities, we are central to the collective organisation of society and the living environment of citizens all over the world."

With 3,500 employees across 8 countries in the Middle East, Egis has delivered over 700 complex development projects, stimulating economic growth and enhancing quality of life. Ranked among the top ten firms in the Middle East by Engineering News Record (ENR), Egis is committed to sustainable development. The Group’s operations in the Middle East are built on strategic acquisitions and a deep understanding of local market conditions. Egis’ long history of providing comprehensive engineering, consulting, and project management services makes it a trusted partner for regional governments, investors, and developers.

Job Description

Works as part of MATARAT's P&TA Project Controls team with a primary focus on the implementation and operation of the Cost Management function at portfolio level. The role acts as the cost-side bridge between MATARAT Finance, Portfolio Management and Operating Company Project Controls with MATARAT P&TA Project Controls. The Cost Management specialist will establish common budget and cost data standards across Operating Companies, own portfolio-level forecasting and aggregation, provide stage-gate cost assurance to the Portfolio Governance Committee (PGC), and ensure every investment is traceable to an approved benefit.

Key Responsibilities

• Act as the client-side reference point for portfolio cost management, ensuring MATARAT-wide standards are implemented consistently across Operating Companies.
• Define and maintain the Cost Management Guideline and supporting templates –  budget and cost data standards, estimating accuracy bands by gate (AACE), contingency policy at portfolio level, and materiality thresholds for cost-driven change control.
• Own the Investment Cashflow Profile of the portfolio; consolidate and validate Operating Companies forecasts (EAC / ETC); produce integrated cost–schedule–benefit variance analysis and the financial KPIs of the portfolio (Forecast Accuracy, % of projects within approved CAPEX, contingency burn).
• Provide independent cost assurance at stage gates - validate evidence, challenge Operating Companies estimates and Cost Basis, verify AACE accuracy bands at SG2, and produce decision-ready recommendations to the Portfolio Governance Committee.
• Provide cost-side support to the CAPEX cycles led by MATARAT Portfolio baselining, Stage Gate activation, Off-Cycle process, Annual Business Plan, 5-Year Airport Development Plan; operate cost and budget impact assessment for every change request and classify per materiality thresholds.
• Ensure linkage between investment and benefits – Asset Classification budget allocations tagged to Benefit Breakdown Structure benefit nodes, investment-per-benefit-unit analysis (SAR/Mpax, SAR/m²), cost-side input to MATARAT Portfolio when benefits change.
• Manage the cost and budget data requirements for the PMIS (to be implemented); establish roll-up rules Project to Programme to Portfolio.

• Expert in portfolio cost and budget management, project controls at owner / asset-owner level.
• Experience implementing portfolio-level cost and budget frameworks at owner / holding organizations in a client-side role is highly valued.
• Demonstrated track record in large portfolios in comparable infrastructure; exposure to multi-asset, multi-stakeholder governance environments.
• Strong working knowledge of AACE estimating classes, EVM, cashflow modeling, and contingency methods applied at portfolio level.
• Demonstrated ability to provide independent cost assurance - challenging estimates, and cost reports produced by the delivery teams (contractors, PMC or Operating Company Project Controls).
• Proven track record drafting cost & budget governance documentation (procedures, manuals, templates) for portfolio cost and budget management.
• Familiarity with PMIS portfolio-grade platforms, Power BI for portfolio financial dashboards, and interfaces with financial systems.
• Understanding of holding–Operating Company governance models / sponsor–delivery partner / asset owner–PMCM is highly desirable.
• Min 15 years of relevant professional experience in capital projects, with at least 6-8 years at portfolio or programme level. Recognised credentials in cost or portfolio management preferred but not mandatory.
• Having worked in a PMO or EPCM environment is highly desirable. Team player, self-motivated, good communicator in spoken word and presentations in English and preferably also in Arabic.