Cost Manager at Parsons Corporation

Al Khobar, Eastern Province, Saudi Arabia -

Full Time

Start Date

Immediate

Expiry Date

18 Jul, 26

Salary

0.0

Posted On

19 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost management, Project controls, Financial management, Cost estimating, Budget forecasting, Construction management, Contract administration, Procore, Oracle Primavera, Financial reporting, Negotiation, Risk mitigation, Work breakdown structures, Data analysis, Stakeholder management, Quantity surveying

Industry

Civil Engineering

Description

In a world of possibilities, pursue one with endless opportunities. Imagine Next! At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible. Job Description: Parsons is looking for an amazingly talented Cost Manager to join our team! The Cost Manager tasked with managing and controlling project costs to ensure financial objectives are met. This role involves developing and implementing cost control strategies, preparing budget forecasts, monitoring actual spending against budgets, and identifying variances. The Cost Control Engineer will review and approve the invoices of the Contractor and all the Project Stakeholders. The Cost Control Manager works closely with all project stakeholders to gather cost data, ensuring accurate financial tracking and reporting. The Cost Control Manager is responsible for analyzing cost performance, identifying trends that may impact project finances, and recommending actions to mitigate financial risk. This role reports to the Project Controls Director. Effective communication, strong analytical skills, and expertise in financial project management tools are essential for success in this position. Experience in hospitality-hotel-resorts is required. What You'll Be Doing: Will be responsible for exercising a qualified level of cost management including cost planning, controlling and reporting proficiency. Responsible for the creation and maintenance of reports to accurately reflect current budgets, invoices and committed costs; projected-to-go or cost-to-complete estimates; budget variances; cash flow projections; and schedule of values for individual projects. Provide trending information to assist in forecasting potential problems with cost and time. Manage work breakdown structures and revisions. Coordinate conceptual estimates for various design and construction estimates to provide program budgets. Development and maintenance of automated program cost database. Provide, annually, a fiscal budget and past period cost performance report. Provide, monthly, a consolidated program cost performance report. Proven construction experience in estimating, bidding and job cost preparation; and an understanding of construction contracts, scheduling and general construction management principles is required. Construction experience in change order review / negotiations process preferred. Excellent oral and written communication skills. Performs tasks required by the Senior Commercial Director and Client on an as needs basis. What Required Skills / Qualifications You'll Bring: Bachelor's degree in construction management, engineering, quantity surveying, or related field Proven experience (10+ years) in cost control, project controls, or financial management within the construction industry, preferably on large-scale architectural projects. Strong understanding of construction cost estimating techniques, cost accounting principles, and project management methodologies. Proficiency in cost management software, such as Procore, Oracle Primavera, or similar tools. Strong negotiation skills and the ability to build and maintain positive relationships with contractors, suppliers, and clients. Certification in project management (PMP), cost engineering (AACE), or related field is a plus. 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/. Founded in 1944, Parsons Corporation, a digitally enabled solutions provider, is focused on creating the future of the defense, intelligence, and critical infrastructure markets. From Earth to outer space, we deliver tomorrow’s solutions today. Equipped with the capabilities required to take on any defense, intelligence, or critical infrastructure challenge, our agile, innovative, and disruptive approach enables us to deliver solutions at the speed of relevance. Our people are our greatest asset. We strive to be an employer of choice that engages employees in the community and creates rewarding career paths to cultivate a resilient workforce that is ready for the future. For more about Parsons, visit parsons.com and follow us on Facebook, Twitter, LinkedIn, and YouTube.

Responsibilities

The Cost Manager is responsible for managing and controlling project costs, including developing strategies, preparing budget forecasts, and monitoring spending against budgets. They will also review contractor invoices, analyze cost performance, and provide consolidated reports to project stakeholders.