Cost Specialist (Saudi National)

About Parsons Corporation

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, focusing on cost control and financial analysis within projects.

Role Overview

The Cost Specialist will be responsible for managing project budgets, invoicing, change control, and cost forecasting. This role involves coordinating with various departments and project teams to ensure accurate cost tracking, reporting, and analysis, contributing to effective project financial management.

Key Responsibilities

• Coordinate with other departments to ensure proper cost allocation to projects and full 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 in collaboration with the planning team.
• Set up baseline budgets for resources, revenue, and costs using an appropriate Work Breakdown Structure (WBS), interfacing with various disciplines and coordinating with the Project Manager and Scheduler.
• Provide financial and cost analysis, as well as earned value and cost performance reporting.

Qualifications and Experience

• This role requires 0-1 years of relevant experience.
• Applicants must be Saudi Nationals.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia.