Senior Cost Engineer at Parsons Corporation

, Riyadh Region, Saudi Arabia -

Full Time

Start Date

Immediate

Expiry Date

21 Mar, 26

Salary

0.0

Posted On

21 Dec, 25

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Cost Estimation, Budgeting, Cost Control, Financial Reporting, Contract Management, Vendor Management, Cost Analysis, Risk Management, Project Management, Earned Value Management, Analytical Skills, Financial Modeling, Communication Skills, Microsoft Office Suite, Project Management Software, Mentoring

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 Senior Cost Engineer to join our team! The Senior Cost Engineer is responsible for managing, tracking, and controlling project costs relative to the Infrastructure Assets delivery programme, ensuring compliance with applicable governance. This role requires a deep understanding of cost estimation, budgeting, and cost control techniques, along with the ability to provide accurate financial reports and recommendations. The Senior Cost Engineer will work closely with project teams to ensure projects are completed on budget and deliver value to the client. What You'll Be Doing: Work closely with project managers and engineers to establish project budgets based on scope and technical requirements. Monitor and track project costs throughout the project lifecycle, ensuring expenditures remain within the approved budget. Review and analyze contracts, subcontracts, and purchase orders to ensure that they reflect accurate and appropriate cost structures. Assist in the negotiation and management of vendor contracts, ensuring the cost-effective delivery of services and materials. Monitor vendor performance, ensuring that costs are aligned with contract terms and that any deviations are addressed. Analyse cost variances, investigate discrepancies, and work with project teams to implement corrective actions when necessary. Collaborate with cross-functional teams to review cost implications of changes in project scope and ensure that the impacts are understood and managed. Prepare regular cost reports, including forecasts and financial statements, highlighting variances and trends, for senior management and stakeholders. Support the preparation of Earned Value Management (EVM) reports and other financial assessments. Evaluate and report on potential cost overruns and risks, recommending strategies for cost mitigation. Conduct detailed cost analysis, including labour, materials, equipment, and overhead, to ensure costs are aligned with project objectives. Identify and evaluate cost-related risks and assist in developing risk mitigation strategies. Provide input into project risk management processes and ensure that potential cost overruns are mitigated through proactive planning and monitoring. Provide recommendations on cost-effective solutions and identify cost-saving opportunities during the project lifecycle. Implement cost control systems and procedures, ensuring accuracy and timely reporting of project costs in compliance with governance requirements. Contribute to the development and implementation of cost management best practices and standardized processes across projects. Identify opportunities for improvements in cost estimation, tracking, and reporting processes. Implement lessons learned from previous projects to improve future cost estimation and control efforts. Mentor and train less experienced staff in cost management best practices and techniques. Assist the Cost & Change Control Manager with ad hoc tasks, as required. What Required Skills You'll Bring: Graduate degree required (such as BSc, BA, or similar) in Engineering, Quantity Surveying, Cost Engineering, Project Management, or a related field; post-graduate degree or certifications in project management (e.g., AACE, PMP, RICS) preferred. Minimum 8 years of relevant experience required in cost engineering or cost management in large-scale projects, with at least 2 years in a senior role. Strong experience in cost estimation, budgeting, and cost control for projects in industries such as construction, engineering, oil and gas, or infrastructure. Familiarity with Earned Value Management (EVM) and other project performance measurement systems. Knowledge of industry-specific standards and regulations related to cost control and project management. Familiarity with risk management techniques, including risk analysis and mitigation strategies. Prior experience on the client’s and/or PMCM consultant’s side preferred, with knowledge of PIF Development Companies’ operating models highly desired. Prior experience on Airport / Infrastructure projects highly desired (but not mandatory). Strong understanding of cost engineering principles, including estimating, budgeting, and cost tracking. Excellent analytical skills and the ability to interpret financial data and cost information. Advanced skills in financial modeling, forecasting, and cost reporting. Fluent in English, with excellent verbal and written communication skills, with the ability to explain complex financial concepts to non-financial stakeholders at all levels. Proficient in project management software (e.g., Primavera, MS Project, CostX or similar) and Microsoft Office Suite required to perform daily duties. Ability to positively influence and contribute to meetings and to interface with the client and stakeholders. 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 Senior Cost Engineer is responsible for managing, tracking, and controlling project costs, ensuring compliance with governance. They will work closely with project teams to ensure projects are completed on budget and deliver value to the client.