Cost Specialist (Saudi National)

About the Role

Parsons Corporation is seeking a Cost Specialist to join their team in Riyadh, Saudi Arabia. This is a full-time position for a Saudi National, requiring 5-10 years of experience in cost control. The role involves managing project budgets, forecasting, and reporting cost status in collaboration with various project teams and departments.

Key Responsibilities

• Coordinate with other departments to ensure proper cost allocation to projects and maintain visibility for the cost control team.
• Interface with clients, attend regular meetings, and prepare statistical reports.
• Customize project control systems to meet specific project requirements.
• Support the Project Director in reviewing and finalizing business plans.
• Provide guidance and specialized assistance in resolving complex cost control issues.
• Participate in monthly and quarterly reviews, supporting the project team in explaining variances and their justifications.
• Utilize historical data and trends for future planning and forecasting.
• Perform variance analysis against baseline projections and recommend corrective actions.
• Establish resource, revenue, and cost projections for projects in coordination with project teams.
• Prepare and update weekly and monthly cost-tracking reports.
• Analyze, evaluate, forecast, and report cost status against the established baseline with the planning team.
• Set up baseline budgets for resources, revenue, and costs using an appropriate Work Breakdown Structure (WBS), coordinating with various disciplines, the Project Manager, and Scheduler.
• Provide financial and cost analysis, earned value, and cost performance reporting.
• Manage project budgets, invoicing, change control, and cost forecasting.

Required Qualifications and Skills

• A bachelor’s degree in accounting, finance, or a related field from an accredited university or institution.
• At least 8 years of related work experience in budgeting, forecasting, and financial reporting for mega engineering, construction, or entertainment construction projects.
• Excellent written and oral communication skills in English.
• Proficiency in Microsoft Office, including advanced Excel skills, and Power BI.

Desired Qualifications

• Professional certifications such as CA, CPA, or ACCA are preferred.
• Experience with PMC firms and main contractors is preferred.
• Comprehensive knowledge of industry practices and standards.

Work Environment

This full-time role is based in Riyadh, Saudi Arabia, within a dynamic project-focused environment. The Cost Specialist will collaborate with various internal teams and external clients to ensure effective cost control and financial oversight for projects.

Application Process

Interested candidates who meet the specified requirements are encouraged to apply.