Cost Control Specialist

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Riyadh
R160126
Project Controls
Additional posting locations:

Job Description:

Parsons is looking for an amazingly talented Cost Control Specialist to join our team!

What You'll Be Doing:

  • Set up baseline budget (resource/revenue/cost) with appropriate WBS (Work Breakdown Structure) interfacing with various disciplines and in coordination with the Project Manager and Scheduler.
  • Analyze, evaluate, forecast and report cost status against the established baseline in collaboration with planning team.
  • Prepares/updates various weekly and monthly cost tracking reports.
  • Establishes resource, revenue and cost projections for projects in coordination with project teams.
  • Performs variance analysis against the bassline projections and initiates/recommends corrective actions.
  • Utilizes historical data and trends for use in maintaining a realistic basis for future planning and forecasting.
  • Monitors and tracks project progress and performs Earned Value Analysis
  • Participate in the monthly & quarterly reviews and support the project team to explain the variances and justifications.  
  • Provides guidance, direction, and specialized assistance for the resolution of difficult and complex cost control problems. 
  • Supports the Project Director in reviewing and finalizing the business plan.
  • Completes performance reviews for direct reports and provides personnel development.
  • Customizes project control systems to meet specific project requirements.
  • May interface with clients, attend regular meetings, and provide statistical reports.
  • Coordinating with other Departments to ensure that all costs are properly charged on jobs and project cost control person has full visibility.
  • Performs other responsibilities associated with this position as may be appropriate.

What Required Skills You'll Bring:

  • Bachelor of Commerce/Engineering/Finance with minimum 5 years of experience

What Desired Skills You'll Bring:

  • Good communication
  • Excel Advance knowledge
  • Stakeholders Management

Minimum Clearance Required to Start:

Not Applicable/None

Parsons is an equal opportunity employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran.

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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