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Strategic Cost Improvement Specialist

2.00 to 5.00 Years   Riyadh, Saudi Arabia   06 Dec, 2021
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryMetro & Rail Passenger Transport
Functional AreaNot Mentioned

Job Description

  • Leads cost targeting and benchmarking activities to achieve the lowest operating cost and support the implementation of cost reduction opportunities.
  • Contributes to the development of cost improvement vision, strategy, policies, processes and procedures in order to aid and improve operational performance.
  • Ensures the organization has a robust cost estimating process in place to meet the project requirements, aligning with the quality and regulatory standards
  • Supports continuous improvement through cost engineering techniques and processes, identifying inefficiencies and cost optimization opportunities.
  • Manages the identification of key areas requiring improvement and applies cost estimation techniques to drive cost reductions and aid operational processes and efficiency.
  • Reviews, analyses and understands economic trends and considers risks and cost implications that may affect the organization in order to develop action plans accordingly.
  • Ensures professional and consistent cost improvement management processes are applied in the business
  • Manages the implementation of appropriate monitoring systems and ensures periodic maintenance in order to meet the objectives.
  • Stays up to date with project updates/changes and supports the project manager in ensuring all costs are identified and tracked against the budget.
  • Liaise with internal and external stakeholders to implement cost improvement activities in the business and ensure optimal performance.
  • Identifies and leads cost-saving initiatives within the company.

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