Project Cost Control Specialist

Parsons; Riyadh; Presencial; SAR 300.000 - 520.000; Jornada completa

Descripción de la vacante

Parsons in Saudi Arabia is seeking an experienced Project Cost Control Specialist to join our team. You will support cost-control activities by maintaining budgets and forecasts, monitoring financial performance, analyzing variances, and delivering accurate reports to support project decisions.

Key duties include establishing baseline budgets with a WBS in coordination with the Project Manager, applying Earned Value Management, preparing weekly and monthly cost reports, tracking costs across

Formación

• CAF/ACCA qualification or bachelor's degree in Finance or related field.
• Minimum of 10 years of experience in project finance, cost control, or related project-support role.
• Strong knowledge of cost control, budgeting, forecasting, invoicing, financial reporting, change management, and cost reporting.
• Advanced Microsoft Excel skills, including formulas, lookups, PivotTables, and charts.
• Proficiency in the Microsoft Office suite.
• Basic working knowledge of Power BI.
• Strong analytical, data-reconciliation, organizational, and attention-to-detail skills.
• Excellent English communication and presentation skills.

Responsabilidades

• Monitor budgets, allowances, expenditures, and forecasts.
• Establish baseline budgets with a WBS in coordination with the PM.
• Analyze performance, identify variances, coordinate corrective actions.
• Apply Earned Value Management and report EV, EAC, ETC.
• Prepare weekly/monthly cost reports and dashboards.
• Track labor, subconsultants, and other project costs.
• Review subcontractor payments and coordinate invoicing.
• Support billing, collection activities, and stakeholder coordination.

Conocimientos

Analytical skills

Stakeholder mgmt

Attention to detail

English communication

Educación

CAF/ACCA qualification or finance degree

Herramientas

Excel

Power BI

Microsoft Office

Descripción del empleo

In a world of possibilities, pursue one with endless opportunities. Imagine Next!At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what's possible.

Job Description:

Parsons is looking for an amazingly talented Project Cost Control Specialist to join our team! In this role, you will support project cost-control activities by maintaining budgets and forecasts, monitoring project financial performance, analyzing cost variances, and delivering accurate reports and insights to support effective project decision-making.

What You'll Be Doing:

• Monitor project budgets, allowances, commitments, expenditures, actual costs, change orders, and forecasts.
• Establish baseline budgets for resources, revenue, and costs using an appropriate Work Breakdown Structure (WBS) in coordination with the Project Manager.
• Analyze project performance against approved baselines, identify cost variances, and coordinate corrective actions with the Project Controls Manager.
• Apply Earned Value Management (EVM) principles and calculate and report Earned Value (EV), Estimate at Completion (EAC), and Estimate to Complete (ETC).
• Prepare and update weekly and monthly cost reports, financial status reports, dashboards, spreadsheets, management reports, and project-review presentations.
• Maintain program-level cash-flow forecasts using historical data and trends to support accurate planning and forecasting.
• Track labor, subconsultant, consultant, and other project-related costs, including actuals, commitments, expenditures, and forecasts.
• Review subcontractor and consultant payment applications and coordinate monthly invoicing activities.
• Support billing and collection activities, including invoice preparation and stakeholder coordination.
• Maintain purchase-order, contract, change-order, issue, and cost-control trackers.
• Participate in monthly and quarterly project reviews and support the project team in explaining cost variances and preparing justifications.
• Support the Project Director in reviewing and finalizing the business plan.
• Coordinate with relevant departments to ensure project costs are correctly charged and accurately reflected within the cost-control function.
• Support Senior Project Control Engineers and Project Controls Managers in developing and maintaining project budgets and forecasts.
• Perform other responsibilities associated with the position, as appropriate.

What Required Skills You'll Bring:

• CAF/ACCA qualification or a bachelor's degree in Finance or a related field. Equivalent relevant experience may also be considered.
• Minimum of 10 years of experience in project finance, cost control, or a related project-support role.
• Strong knowledge of cost control, budgeting, forecasting, invoicing, financial reporting, change management, commitments, actual costs, labor costs, and cost reporting.
• Advanced Microsoft Excel skills, including formulas, lookups, PivotTables, and charts.
• Proficiency in the Microsoft Office suite.
• Basic working knowledge of Power BI.
• Strong analytical, data-reconciliation, organizational, and attention-to-detail skills.
• Excellent English communication and presentation skills.
• Effective stakeholder-management and cross-functional coordination skills.
• Ability to follow established procedures, meet reporting deadlines, and work effectively with Project Managers, project teams, design discipline leads, and Project Controls personnel.

What Desired Skills You'll Bring:

• Strong practical understanding of Earned Value Management (EVM) and project performance measurement.
• Experience developing and maintaining project budgets, forecasts, and cash-flow projections.
• Experience supporting project reviews and preparing management-level cost reports and dashboards.
• Ability to identify, analyze, and clearly communicate cost and forecast variances.
• Strong coordination skills when working with project management, finance, consultants, subcontractors, and other project stakeholders.

Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.

Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer tohttps://www.parsons.com/fraudulent-recruitment/.