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Senior Cost Manager - Fund Monitoring Lead
PMK International Consult LLC · Riyadh, Riyadh Province, Saudi Arabia
About The Role
Why Join PMK
PMKConsult is an award-winning project, commercial and design management consultancy with offices in the UAE, KSA and the UK, with a project footprint that exceeds 4.5 million sqm and a project portfolio value exceeding USD $8 billion.
We’re proud of our strong company culture. We actively build a positive and collaborative working environment by bringing in people who encourage and support their teammates, take full ownership, proactively solve problems and focus on results.
Key Responsibilities
- Review project appraisals, budgets, cost plans, cashflow and contracts from a lender’s perspective.
- Monitor construction progress, programme, costs, quality, variations, claims and delays.
- Independently verify project progress and contractor payment applications to support lender drawdowns.
- Monitor cost-to-complete, forecasts, contingency and overall project financial performance.
- Identify, assess and report key project risks, recommending appropriate mitigation measures.
- Conduct regular site inspections and attend project progress meetings.
- Liaise with the Borrower, Contractor and design team while maintaining independence and confidentiality.
- Prepare monitoring reports, drawdown recommendations, executive summaries and ad hoc risk reports.
Experience & Background
- Chartered membership of RICS (MRICS/FRICS) or equivalent recognised professional body.
- Minimum 8–10+ years' post-qualification QS experience, including prior experience in development/bank monitoring, employer's agent, or project monitoring roles.
- Experience working on projects in Saudi Arabia or the wider GCC strongly preferred; familiarity with local contracting practices, FIDIC-based contracts, and Saudi regulatory/permitting environment.
- Strong understanding of construction finance structures, drawdown mechanisms, and lender risk requirements.
- Excellent written reporting skills suitable for credit/investment committee audiences.
- Willingness and ability to travel/be based on site across KSA.
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