Commercial Specialist - Cost Control

Parsons; Tabuk; On-site; SAR 167,400 - 256,680; Full time

Job summary

Parsons in Tabuk, Saudi Arabia seeks a Commercial Specialist – Cost Control to lead cost management for major projects. The role focuses on budgeting, forecasting, invoicing, earned value analysis, and financial reporting, ensuring accurate baselines and variance explanations.

The ideal candidate has a minimum of 4 years in cost management, a Bachelor's in Accounting or Finance, and SOCPA registration. Saudi national requirement; Power BI and Excel skills highly valued.

Qualifications

• Bachelor's degree in Accounting or Finance required.
• Minimum 4 years in cost management.
• SOCPA registration mandatory.
• Experience in mega engineering or entertainment construction preferred.

Responsibilities

• Coordinate costs with projects and allocate to correct jobs and work packages.
• Maintain visibility of expenditure, commitments, revenue, and cost performance.
• Manage budgets, invoicing, change control, and cost forecasting.
• Develop baseline budgets and Work Breakdown Structures with project teams.
• Prepare earned value, cost performance, and financial analysis reports.
• Create cost tracking dashboards and weekly/monthly reports.

Skills

Cost control

Budgeting

Forecasting

Invoicing

Earned value analysis

Financial reporting

Power BI

Excel

Education

Bachelor's degree in Accounting or Finance

Tools

Power BI

Excel

Job description

Job Details

Role: Commercial Specialist – Cost Control

Location: Tabuk, Saudi Arabia

Industry: Construction

Function: Budgeting/Cost Control

Experience: Minimum 4 years in cost management

Job Type: Full-time

Salary: 15,000-23,000

Nationality: Saudi National (Required)

Gender: Any

Overview

Commercial Specialist - Cost Control in Tabuk, Saudi Arabia is a construction hiring opportunity for a Saudi National with experience in project budgeting, cost forecasting, invoicing, earned value analysis, and financial reporting. The role supports major engineering or entertainment construction projects by establishing cost baselines, monitoring project performance, explaining variances, and helping management maintain effective commercial control.

Role Context

The Commercial Specialist supports the department manager and Project Director by developing, implementing, and maintaining reliable cost control systems for large projects. The role provides visibility over resource use, revenue, expenditure, invoicing, change control, and future financial requirements. Accurate forecasting and timely performance reporting are central to this position. By coordinating with project management, planning, finance, and technical departments, the Commercial Specialist helps identify emerging cost risks, explain variances, and recommend corrective measures before they affect project objectives.

Key Responsibilities

• Coordinate with project departments to ensure all costs are assigned accurately to the correct jobs and work packages.
• Maintain complete visibility of project expenditure, commitments, revenue, resources, and commercial performance.
• Manage project budgets, invoicing, change control, and cost forecasting activities.
• Establish baseline budgets covering resources, revenue, and cost.
• Develop an appropriate Work Breakdown Structure in coordination with the Project Manager, Scheduler, and relevant disciplines.
• Align the cost baseline with project scope, programme requirements, resource plans, and approved commercial assumptions.
• Analyze actual and forecast costs against the approved baseline.
• Collaborate with the planning team to evaluate current performance and expected project outcomes.
• Prepare earned value, cost performance, and financial analysis reports.
• Develop and update weekly and monthly cost tracking reports.
• Establish resource, revenue, and cost projections with project teams.
• Perform variance analysis against baseline projections.
• Investigate unfavorable trends and identify the financial causes of performance differences.
• Recommend corrective actions to improve cost performance and forecasting accuracy.
• Use historical project data and current trends to maintain realistic planning assumptions.
• Support monthly and quarterly commercial and financial reviews.
• Help project teams explain cost variances, forecast changes, and performance justifications.
• Provide specialist guidance for complex cost control issues.
• Assist the Project Director with the review and finalization of the project business plan.
• Customize project control systems and reporting structures to suit project requirements.
• Maintain accurate records for budgets, forecasts, invoices, changes, and approved adjustments.
• Monitor change events and ensure their cost and revenue implications are reflected in forecasts.
• Review invoicing progress and coordinate the resolution of commercial discrepancies.
• Prepare statistical information, dashboards, charts, and management reports.
• Use Power BI to present cost trends, performance indicators, and forecast information.
• Apply advanced Excel techniques for financial modelling, data analysis, reconciliations, and reporting.
• Interface with clients when required and participate in commercial or project review meetings.
• Provide clear explanations of cost status, financial risks, and projected outcomes.
• Support compliance with project governance, accounting procedures, and commercial reporting standards.
• Coordinate with PMC teams, main contractors, consultants, and internal stakeholders.
• Maintain confidentiality and accuracy when handling project financial information.
• Perform other responsibilities assigned by the department manager or project leadership.

Ideal Profile

• Saudi National as required for this position.
• Bachelor 's degree in Accounting, Finance, or a closely related discipline from an accredited institution.
• Minimum 4 years of experience in cost management, forecasting, and financial reporting.
• SOCPA registration is mandatory.
• Previous involvement in mega engineering construction or entertainment construction projects.
• Experience with a project management consultancy or main contractor is advantageous.
• Strong understanding of project budgets, cost baselines, invoicing, change control, and forecasting.
• Practical experience with earned value and cost performance reporting.
• Ability to establish Work Breakdown Structures and connect them with financial controls.
• Strong variance analysis and corrective action planning capability.
• Advanced proficiency in Microsoft Excel.
• Practical experience creating reports and dashboards in Power BI.
• Strong computer skills across Microsoft Office applications.
• Professional qualifications such as CA, CPA, or ACCA are preferred.
• Comprehensive knowledge of construction industry practices and commercial standards.
• Excellent written and spoken English.
• Strong analytical judgment with close attention to financial detail.
• Ability to explain complex cost information clearly to project teams and management.
• Organized approach to deadlines, reporting cycles, and multiple commercial priorities.
• Confidence working with clients, consultants, contractors, and senior stakeholders.

Skills Set

• Project cost control
• Budget development
• Cost forecasting
• Revenue forecasting
• Resource forecasting
• Project invoicing
• Change control
• Cost baseline management
• Work Breakdown Structure
• Earned value analysis
• Cost performance reporting
• Financial analysis
• Variance analysis
• Corrective action planning
• Weekly cost reporting
• Monthly cost reporting
• Quarterly financial reviews
• Business plan support
• Project controls systems
• Cost trend analysis
• Historical data analysis
• Advanced Microsoft Excel
• Power BI
• Microsoft Office
• SOCPA registration
• Commercial reporting
• Client coordination
• PMC experience
• Main contractor experience
• Mega-project cost management