Cost Engineer📣 Job Ad

Join Parsons as a Cost Engineer!
In a world of possibilities, pursue one with endless opportunities. At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our vision of valuing people and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential.

Job Responsibilities:

• Manage and control all cost-related activities for a Runway/Airfield/Airport project.
• Prepare detailed cost estimates for civil, MEP, and airfield works based on project specifications.
• Support budget preparation and provide cost inputs during project planning and tendering.
• Track actual project expenditures against budgets and forecasts.
• Analyze cost trends, identify variances, and propose corrective actions.
• Collaborate with Project Managers and other teams to ensure alignment of cost management with project execution.

Required Skills:

• Bachelor’s degree in Civil Engineering or related discipline.
• Minimum 8 years of experience in cost engineering or commercial roles.
• Strong experience in cost estimation, monitoring, and reporting for large-scale infrastructure projects.
• Excellent communication and stakeholder coordination abilities.

Why Join Us?
We truly invest in our employees’ wellbeing and provide endless growth opportunities. Imagine next and join the Parsons quest—APPLY TODAY!

Join Our Team as a Cost Engineer!
At Trading and Development Partnership, we are looking for a passionate Cost Engineer who is eager to contribute to our projects and services. With over 50 years of excellence in the construction sector, we pride ourselves on making a positive impact on the growth of Saudi Arabia.

Job Summary:
In this role, you will be responsible for monitoring and analyzing project costs, ensuring adherence to the approved budget, and preparing financial and technical reports related to cost tracking and efficiency improvement in projects.

Duties and Responsibilities:

• Prepare and review project cost plans and budgets.
• Monitor actual expenditures against the approved budget and identify variances.
• Analyze cost discrepancies and issue periodic reports to management.
• Review change orders and ensure their impact is reflected in the project budget.
• Prepare financial forecasts and monthly project reports.
• Coordinate with procurement, engineering, and site teams to ensure accurate financial data.
• Support management in preparing financial proposals and future project estimates.
• Contribute to the development of cost control policies and procedures.

Qualifications:

• Bachelor’s degree in Engineering (Civil/Mechanical/Electrical) or Project Management.
• 0-2 years of experience in cost control or project management.
• Proficient in project management software such as Primavera P6 and MS Project.
• Strong financial analysis skills and advanced Excel proficiency.
• Valid membership in the Saudi Council of Engineers (SCE) is required.
• Excellent command of English, both spoken and written.

Job Purpose:
This position exists to oversee and analyze cost expenditures and purchases efficiently, ensuring timely execution and adherence to quality standards in alignment with defined policies and procedures to achieve departmental operational plans and developments within a wider scope.

Key Accountability Areas:

• Actual Costing:
  • Coordinate with production monthly to finalize all actual activities and closing orders.
  • Check all actual data posted by production and make required adjustments.
  • Process period-end closing and posting (WIP, Variances, Unrealized cost, etc.).
  • Post all costing entries and provisions monthly.
  • Analyze and check results of period-end closing every month.
  • Check expenses monthly and make adjustments as required.
  • Manage settlement for investment internal orders to AUC and cost centers.
  • Design and update distribution cycles to allocate service and general cost center costs.
• Standard Costing:
  • Prepare planned costing data with agreed plant activity.
  • Enter standard costs and plant activity in the system and calculate the rate.
  • Maintain and update activity rates for production work centers.
  • Regularly check and adjust materials master and master data (BOM & Routing) and inform planning for required adjustments.
  • Run material costing to calculate planned cost.
  • Maintain production orders overhead percentage and upload overhead costs to production orders based on that maintained percentage.
• Costing & Controlling Analysis:
  • Analyze WIP and provide justification for major orders.
  • Analyze unrealized costs and provide justification for major orders.
  • Identify and analyze production, purchasing, and inventory variances.
  • Prepare master consumption reports with proper adjustments.
  • Monitor actual consumption and report irregular costs to management.
• Monthly Controlling ORM & Financial Reports:
  • Prepare monthly consumption and production masters.
  • Prepare costing statements per product type.
  • Prepare special costing reports and monitor actual vs. budget and standard costing reports with variance analysis.

HR Proficiency:
Ability to maintain updated technical skills related to this job.

Delivery:
Perform planned activities to meet operational targets as per delivery schedules, utilizing resources effectively. Provide periodic reports detailing deviations from planned tasks.

Problem-Solving:
Solve related problems and escalate complex operational issues.

Quality and Compliance:
Ensure quality standards and compliance with policies and procedures. Adhere to health, safety, and environmental management procedures within defined work areas.

Academic Qualification:
Bachelor's Degree in Accounting and Finance or any relevant field.

Work Experience:
2 to 4 Years.

Technical/Functional Competencies:
Cost Accounting, Cost Analysis, Industrial Cost Analysis.