Commercial Manager

Chartered Institute of Procurement and Supply (CIPS); Saudi Arabia; On-site; USD 60,000 - 100,000; Full time

Job summary

A leading company is seeking a Commercial Manager to oversee all commercial aspects of projects. Ideal candidates will have at least 10 years of experience in commercial management within the construction industry and be a qualified Quantity Surveyor. The role involves ensuring compliance with financial and contractual obligations, alongside various responsibilities from cost management to change management. Join us for endless growth opportunities!

Qualifications

• Minimum of 10 years of experience in commercial management within the construction or engineering industry.
• Professional qualification as a Quantity Surveyor (QS).
• Proven track record in managing commercial aspects of large-scale projects.

Responsibilities

• Oversee contract administration and commercial management of construction contracts.
• Forecast, manage, and update cost reports and project cash flows monthly.
• Evaluate and recommend payment applications in accordance with contract terms.

Skills

Negotiation

Communication

Analytical Skills

Problem Solving

Education

Bachelor's degree in Quantity Surveying

Degree in related field (preferred)

Tools

MS Office

Project Management Software

Financial Management Systems

Job description

In a world of possibilities, pursue one with endless opportunities. Imagine Next!

When it comes to what you want in your career, if you can imagine it, you can do it at Parsons. Imagine a career working with intelligent, diverse people sharing a common quest. Imagine a workplace where you can be yourself. Where you can thrive. Where you can find your next, right now. We've got what you're looking for.

Job Description:

Parsons Corporation is seeking a highly skilled and experienced Commercial Manager to join our dynamic team. The ideal candidate will have a minimum of 10 years of experience in commercial management and be a qualified Quantity Surveyor (QS). The Commercial Manager will be responsible for overseeing all commercial aspects of our project, ensuring financial and contractual compliance.

Key Responsibilities:

• Contract Administration and Commercial Management: Oversee contract administration and commercial management of construction contracts until the completion of the Defects Notification Period. Establish commercial management systems compliant with existing plans, processes, and procedures. Ensure timely identification and resolution of contractual issues and breaches.
• Cost Control: Forecast, manage, and update cost reports and project cash flows on a monthly basis. Track costs continuously, including committed, uncommitted, incurred, actual/paid, accruals, and anticipated final costs. Provide detailed cashflows and commentary on variances and movements.
• Payment Recommendation: Evaluate, assess, and recommend payment applications in accordance with contract terms. Ensure recommendations reflect actual progress and compliance with contract requirements. Manage the payment process to avoid claims due to failure to follow procedures.
• Change Management: Follow change management plans and procedures, classify reasons for changes, and inform stakeholders of potential impacts. Implement controls for urgent changes and manage changes to minimize claims.
• Insurance, Retention, and Bond Management: Manage retention, insurance, and bond programs, ensuring all contracted parties hold correct and current documentation. Maintain an up-to-date register and ensure compliance with insurance and bond requirements.
• Cost Management: Manage all cost issues arising from contract administration, provide regular cost reports, carry out cost estimates and comparisons, review contract variations, and evaluate claims and submissions.

Requirements:

• Bachelor's degree in Quantity Surveying, Construction Management, or a related field.
• Minimum of 10 years of experience in commercial management within the construction or engineering industry.
• Professional qualification as a Quantity Surveyor (QS).
• Strong understanding of commercial principles, contract law, and financial management.
• Excellent negotiation, communication, and interpersonal skills.
• Proven track record of successfully managing commercial aspects of large-scale projects.
• Ability to work under pressure and meet tight deadlines.
• Proficiency in relevant software and tools, such as MS Office, project management software, and financial management systems.
• Strong analytical and problem-solving skills.

Preferred Qualifications:

• Degree in a related field.
• Membership in a professional body such as RICS (Royal Institution of Chartered Surveyors) or similar.
• Experience working in a multinational corporation or on international projects.

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/.