# Senior Cost Manager - Fund Monitoring Lead

**Company:** [PMK International Consult LLC](http://jobs.workable.com/companies/nYoF7RRF74Bwgikot3Y5cC.md)
**Location:** Riyadh, Saudi Arabia
**Workplace:** on site
**Employment type:** Full-time
**Department:** Service Operations

[Apply for this job](http://jobs.workable.com/view/8556b43b-fb74-44c5-9e85-27e3ccb126bb)

## Description

**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.

## Requirements

**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.