Cost & Change Manager

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Riyadh
Office
R171741
Corporate
Additional posting locations:

In a world of possibilities, pursue one with endless opportunities. Imagine Next!

When it comes to what you want in your career, if you can imagine it, you can do it at Parsons.  Imagine a career working with intelligent, diverse people sharing a common quest. Imagine a workplace where you can be yourself. Where you can thrive. Where you can find your next, right now. We’ve got what you’re looking for.

Job Description:

We are seeking an experienced Cost and Change Manager to oversee cost management, change control, and financial governance for large-scale infrastructure and development projects. The successful candidate will ensure that all cost and change management processes are effectively implemented, monitored, and controlled to meet project objectives. This role requires exceptional analytical skills, attention to detail, and the ability to collaborate with multidisciplinary teams and stakeholders to ensure financial accuracy, transparency, and accountability.

What You'll Be Doing:

  • Develop and implement cost management and change control processes, ensuring alignment with project objectives, client requirements, and industry best practices.

  • Prepare and maintain detailed cost plans, budgets, and forecasts for assigned projects, ensuring accuracy and compliance with approved standards.

  • Monitor and control project costs, identifying variances and recommending corrective actions to maintain financial performance.

  • Establish and manage a robust change control process, ensuring all changes to scope, schedule, or budget are properly evaluated, approved, and documented.

  • Collaborate with project teams to assess the cost impact of design changes, variations, and other project adjustments.

  • Prepare and present cost and change reports, including cost-to-complete forecasts, earned value analysis, and change logs, to senior management and stakeholders.

  • Ensure timely and accurate processing of change requests, including cost estimation, risk assessment, and impact analysis.

  • Liaise with contractors, consultants, and suppliers to validate cost estimates, negotiate pricing, and ensure alignment with project budgets.

  • Support procurement activities by providing cost input for tender evaluations, contract negotiations, and value engineering exercises.

  • Conduct regular cost reviews and audits to ensure compliance with financial controls, policies, and procedures.

  • Identify opportunities for cost savings and efficiencies, providing recommendations to optimize project delivery.

  • Act as the primary point of contact for cost and change management matters, ensuring effective communication and coordination with all stakeholders.

  • Mentor and guide junior team members, fostering a culture of excellence and continuous improvement in cost and change management practices.

What’s Required for the Role:

  • Bachelor’s degree in Quantity Surveying, Construction Management, Engineering, or a related field. Professional certifications such as MRICS, CCP, or PMP are highly desirable.

  • 10+ years of experience in cost management, change control, or quantity surveying, preferably on large-scale infrastructure or development projects.

  • Strong knowledge of cost estimation, budgeting, forecasting, and financial reporting processes.

  • Proficiency in cost management software and tools (e.g., CostX, Oracle Primavera, Aconex, or similar).

  • Experience in managing change control processes, including cost impact assessments and risk analysis.

  • Familiarity with various forms of contracts (e.g., FIDIC, NEC) and their cost implications.

  • Exceptional analytical and problem-solving skills, with the ability to interpret complex data and provide actionable insights.

  • Excellent communication and stakeholder management skills, with the ability to present financial information clearly and concisely.

  • Strong organizational skills and attention to detail, with the ability to manage multiple tasks and priorities in a fast-paced environment.

  • Commitment to quality, accuracy, and compliance with financial governance standards.

Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.

We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!

Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.

COMPETITIVE BENEFIT OFFERINGS

Financial Wellness

We care about your financial wellbeing. Parsons offers competitive pay and retirement plans to help you build wealth for the future while giving you the flexibility to diversify your investments.

Work Life Harmony

Balance in life is important and time away from the office is imperative to allow you to refresh and focus your attention on the things that matter to you. Parsons supports your time away by providing paid time off and paid flexible holidays.

Career Development

We are committed to fostering the personal and professional growth of our employees. Develop and advance yourself though our comprehensive training, educational and mentorship programs.

Veteran Support

We provide Industry leading benefits to support veterans and active-duty members to provide security for you and your family by offering robust leave and benefits; including paid active-duty military leave and paid time off when transitioning back to civilian life.

Mind & Body

At Parsons we inspire healthier habits, heathier minds, and a healthier you through our wellness program. Participate in our weekly Meditation Mondays and Wellness Wednesdays. Wellness, at Parsons, is more than just your annual checkup.

Health

Health is not a one size fits all. At Parsons, we offer a robust Employee Assistance Program as well as comprehensive medical, dental and vision plans through large, national carriers with the choice of regional PPO, HDHP, or HMO networks.

Want to learn more about the benefits eligible for the Parsons’ location you are interested in? Click below to find out more!
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