Senior Cost Manager - Fund Monitoring Lead

About this 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.
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.