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Job Description:

Parsons is looking for an amazingly talented Senior Cost Specialist to join our team! In this role, you will be responsible for managing the forecasting, budgeting, and cost control aspects of one of the mega projects in KSA.

What You'll Be Doing:

• Set up a baseline budget (resource/revenue/cost) with an appropriate WBS (Work Breakdown Structure), interfacing with various disciplines and coordinating with the Project Manager and Scheduler.

• Analyze, evaluate, forecast, and report cost status against the established baseline in collaboration with the 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 baseline projections and initiates/recommends corrective actions.

• Utilizes historical data and trends to maintain 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 complex and challenging 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 that the 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 a minimum of 5-10 years of experience. Affiliation with a reputable professional association, i.e., ACA,CMA,ACCA

• Skills needed:

  • Good communication

  • Excel Advanced knowledge

  • Stakeholders Management

  • Power BI knowledge 

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!

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