COST CONTROL SPECIALIST

  • Riyadh
  • Permanent
  • Full-time
  • 2 days ago
Company: Green Line Holding Co.
Reports To: CEO / Finance Director
Department: Finance & Cost Control
Location: Riyadh, KSAPosition Overview
The Cost Control Specialist will be responsible for monitoring, analyzing, and managing costs
across Green Line Holding Co. and its diversified divisions: Construction, Training, Food &
Beverage (F&B), Factory, and Retail. This role ensures cost efficiency, compliance with
company policies, and alignment with strategic financial objectives. The candidate will play a
key role in developing cost frameworks, monitoring expenses, and collaborating with
procurement, operations, and finance teams to optimize profitability across all subsidiaries.Key Responsibilities
Cost Monitoring & Analysis
  • Track, monitor, and analyze costs across all divisions (Construction, Training, F&B,
Factory, Retail).
  • Review daily, weekly, and monthly expense reports to identify variances against budgets.
  • Develop cost allocation models for shared services between divisions.
  • Monitor project-based costs such as construction contracts, training programs, product
development, and retail operations.
Budgeting & Forecasting
  • Support the preparation of annual budgets and rolling forecasts for each division.
  • Conduct variance analysis and provide recommendations to align costs with budgets.
  • Assist senior management in financial planning, highlighting risks and cost-saving
opportunities.
Procurement & Supplier Management
  • Work closely with the procurement team to ensure supplier quotations are competitive
and within approved cost ranges.
  • Verify and approve supplier invoices against Purchase Orders, Delivery Notes, and
Contracts.
  • Support negotiations with suppliers to achieve better terms and cost reductions.
Policy & Compliance
  • Implement and enforce Cost Control SOPs across all Green Line Holding divisions.
  • Ensure compliance with VAT, SFDA (for F&B/Factory), and other local financial
regulations in all cost reporting.
  • Maintain accurate coding of expenses under the Chart of Accounts (COA) in Odoo
ERP.
Reporting & Documentation
  • Prepare consolidated cost reports for management, highlighting key trends and
exceptions.
  • Maintain updated Costing Sheets for raw materials, construction projects, training
programs, and retail costs.
  • Provide cost reports and analyses for special projects (e.g., retail expansions, training
contracts, new factory lines).
  • Ensure timely reporting to the Finance Director and CEO.
Collaboration & Support
  • Work with Finance, Operations, and HR teams to ensure cost efficiency across
Construction, Training, F&B, Factory, and Retail divisions.
  • Support project leads in cost estimations for new developments (construction projects,
training courses, F&B launches, factory expansions, retail openings).
  • Provide ad-hoc cost analysis to management upon request.
Qualifications & Skills
  • Bachelor’s degree in Accounting, Finance, Business Administration, or related field
(Master’s preferred).
  • Minimum 5 years of experience in cost control, preferably within diverse industries
(construction, training, F&B, manufacturing, retail).
  • Strong knowledge of costing systems, budgeting, and financial reporting.
  • Experience in ERP systems (preferably Odoo) and MS Excel (advanced level).
  • Familiarity with KSA financial regulations and SFDA requirements (for F&B/Factory).
  • Strong analytical skills with attention to detail.
  • Excellent communication and collaboration skills to work across multiple business units.
  • Ability to handle multiple projects simultaneously and meet tight deadlines.
  • Iqama must be transferable (mandatory requirement).
Key Competencies
  • Financial Acumen & Analytical Thinking
  • Cost Optimization & Efficiency Mindset
  • Compliance & Governance Orientation
  • Problem-Solving & Critical Thinking
  • Strong Interpersonal and Cross-Functional Collaboration
Performance Indicators (KPIs)
  • Accuracy of cost reporting and variance analysis.
  • Timely submission of cost control reports.
  • Percentage of cost savings achieved across divisions.
  • Compliance rate with internal cost control SOPs.
  • Effectiveness in supplier cost negotiations.
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