Cost Section Manager📣 Job Ad

About Parsons Corporation

At Parsons, our leadership vision centers on valuing people, embracing agility, and fostering growth. We cultivate an innovative culture that empowers individuals to achieve their full potential. We are committed to providing a career environment where our team members can thrive and work with exceptional people.

The Opportunity

Parsons Corporation is seeking a Cost Section Manager to join our team in Riyadh, Saudi Arabia. This full-time position involves leading cost management efforts across multiple project packages. The ideal candidate will bring 5-10 years of relevant experience in cost management within a project-driven environment.

Key Responsibilities

• Lead and manage the Cost Management team across multiple project packages.
• Develop and implement cost control procedures, processes, and best practices to ensure effective project cost management.
• Develop and maintain project budgets and cash flow forecasts throughout the project lifecycle.
• Monitor project budgets and provide monthly cost reports, forecasts, and variance analyses.
• Track and report project costs against approved budgets, including committed costs, incurred costs, actual/paid costs, forecasts, and final/out-turn costs.
• Review, validate, and verify all commercial and financial performance aspects of the project, including assessment of contractor claims, cost benchmarking, forecast accuracy, and overall financial performance.
• Conduct risk analysis and advise on cost implications of project changes.
• Evaluate contractor claims, variations, change orders, and payment applications.
• Support procurement strategy, contract packaging, and commercial negotiations.
• Establish and maintain cost databases, benchmarking data, and historical cost records.
• Ensure compliance with POMI, NRM, CESMM, CSI, Uniclass, and other applicable measurement standards.
• Coordinate with design consultants, contractors, project controls, procurement, and other stakeholders to ensure effective cost control.
• Prepare final accounts and support project closeout activities.

Required Experience and Qualifications

Candidates for this role must possess 5-10 years of experience in cost management or a closely related field. Demonstrated leadership capabilities in managing cost teams and implementing robust cost control procedures are essential. A strong understanding of project budgeting, forecasting, and financial performance analysis is required.

Technical Competencies

Proficiency in evaluating contractor claims, variations, and payment applications is necessary. The role also requires familiarity with industry measurement standards such as POMI, NRM, CESMM, CSI, and Uniclass. Experience in establishing and maintaining cost databases and historical records is highly valued.

Location and Employment Type

This is a full-time position located in Riyadh, Riyadh, Saudi Arabia. The role involves close coordination with various internal departments and external stakeholders, including design consultants and contractors, to ensure integrated project cost control.