Senior Cost Manager

Parsons; Saudi Arabia; On-site; SAR 300,000 - 520,000; Full time

Job summary

Parsons is seeking a Senior Cost Manager in Saudi Arabia to lead CAPEX cost control, budgeting, forecasting, and governance for complex programs. You will partner with Client teams, Delivery Partners, and leadership to ensure cost accuracy and informed decision-making.

The role emphasizes cost baselining, variance analysis, risk mitigation, and robust reporting across multiple packages and workstreams, with a focus on value realization and financial integrity.

Responsibilities

• Act as a senior cost management advisor to the Client on project CAPEX, budgets, expenditure, commitments, and financial performance.
• Support establishing, maintaining, and governing the overall project and program cost baseline.
• Review and validate project budgets, cost plans, estimates, forecasts, and financial assumptions.
• Monitor approved budgets against actual expenditure, commitments, forecasts, and anticipated final costs.
• Provide early identification of potential budget overruns, cost pressures, and financial risks.
• Provide recommendations on cost optimization, budget allocation, and financial risk mitigation.
• Support in maintaining clear visibility of overall CAPEX position and projected outturn cost.
• Ensure cost information is accurate, consistent, traceable, and aligned with the approved project governance framework.
• Lead the review and monitoring of project CAPEX throughout the project lifecycle.
• Review CAPEX forecasts, expenditure profiles, commitments, accruals, and anticipated final accounts.
• Establish and maintain CAPEX dashboards and management reporting for leadership and Client.
• Review cost movements and identify significant variances against approved budgets.
• Assess the financial impact of scope changes, design development, schedule changes, procurement strategies, and project risks.
• Provide independent cost assurance and challenge to project cost information submitted by contractors and consultants.
• Review cost data from multiple packages and workstreams to ensure consistency and avoid duplication or omissions.
• Support in assessing the financial implications of major project decisions and alternative delivery strategies.
• Review monthly cost reports, cost forecasts, commitments, accruals, and expenditure reports.
• In alignment with the Senior Commercial Managers, challenge and validate contractor and consultant cost forecasts.
• Monitor trends and provide forward-looking analysis of the expected final project cost.
• Review cost-loaded schedules and ensure alignment between cost and program performance.
• Analyze cost variances and develop corrective and mitigation actions with the relevant project teams.
• Establish appropriate cost reporting structures, coding, and cost breakdown structures.
• Ensure that cost information is integrated with planning, procurement, change, risk, and commercial management processes.
• Review the cost impact of proposed changes, variations, claims, and scope development.
• Provide cost advice before approval of major changes and variations.
• Assess whether proposed changes are within approved budgets, contingency, or require additional funding.
• Monitor cumulative change impacts and their effect on the overall CAPEX position.
• Review change control submissions and ensure appropriate cost substantiation is provided.
• Support in maintaining effective change and contingency governance.
• Identify emerging changes and potential financial exposure at an early stage.
• Work closely with leadership, project directors, finance, commercial, procurement, planning, engineering, and delivery teams.
• Coordinate closely with the Delivery Partner's commercial, cost, planning, and project management teams.
• Provide clear and concise cost advice to management and Client.
• Participate, as required, in Client governance meetings, cost reviews, investment reviews, and project steering committees.
• In conjunction with the Senior Commercial Managers coordinate with consultants, contractors, suppliers, and other delivery stakeholders to validate cost information.
• Act as a bridge between technical/project delivery requirements and the Client's financial objectives.
• Develop and maintain senior-level cost reports, dashboards, and executive cost summaries.
• Prepare monthly and periodic CAPEX performance reports for management.
• Establish cost governance procedures, reporting requirements, approval workflows, and controls.
• Ensure that cost reporting

Job description

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 Senior Cost Manager to join our team!and The Senior Cost Manager will work closely with the Client's project, finance, commercial, and delivery teams, while coordinating with the Delivery Partner management and Directors, consultants, contractors, and other stakeholders to ensure that project expenditure remains aligned with approved budgets, scope, priorities, and overall program objectives.

What You'll Be Doing

Act as a senior cost management advisor to the Client on project CAPEX, budgets, expenditure, commitments, and financial performance.

Support establishing, maintaining, and governing the overall project and program cost baseline.

Review and validate project budgets, cost plans, estimates, forecasts, and financial assumptions.

Monitor approved budgets against actual expenditure, commitments, forecasts, and anticipated final costs.

Provide early identification of potential budget overruns, cost pressures, and financial risks.

Provide recommendations on cost optimization, budget allocation, and financial risk mitigation.

Support in maintaining clear visibility of overall CAPEX position and projected outturn cost.

Ensure cost information is accurate, consistent, traceable, and aligned with the approved project governance framework.

CAPEX Management & Cost Assurance

Lead the review and monitoring of project CAPEX throughout the project lifecycle.

Review CAPEX forecasts, expenditure profiles, commitments, accruals, and anticipated final accounts.

Establish and maintain CAPEX dashboards and management reporting for leadership and Client.

Review cost movements and identify significant variances against approved budgets.

Assess the financial impact of scope changes, design development, schedule changes, procurement strategies, and project risks.

Provide independent cost assurance and challenge to project cost information submitted by contractors and consultants.

Review cost data from multiple packages and workstreams to ensure consistency and avoid duplication or omissions.

Support in assessing the financial implications of major project decisions and alternative delivery strategies.

Cost Control & Forecasting

Review monthly cost reports, cost forecasts, commitments, accruals, and expenditure reports.

In alignment with the Senior Commercial Managers, challenge and validate contractor and consultant cost forecasts.

Monitor trends and provide forward-looking analysis of the expected final project cost.

Review cost-loaded schedules and ensure alignment between cost and program performance.

Analyze cost variances and develop corrective and mitigation actions with the relevant project teams.

Establish appropriate cost reporting structures, coding, and cost breakdown structures.

Ensure that cost information is integrated with planning, procurement, change, risk, and commercial management processes.

Change & Variation Management

Review the cost impact of proposed changes, variations, claims, and scope development.

Provide cost advice before approval of major changes and variations.

Assess whether proposed changes are within approved budgets, contingency, or require additional funding.

Monitor cumulative change impacts and their effect on the overall CAPEX position.

Review change control submissions and ensure appropriate cost substantiation is provided.

Support in maintaining effective change and contingency governance.

Identify emerging changes and potential financial exposure at an early stage.

Client & Stakeholder Coordination

Work closely with leadership, project directors, finance, commercial, procurement, planning, engineering, and delivery teams.

Coordinate closely with the Delivery Partner's commercial, cost, planning, and project management teams.

Provide clear and concise cost advice to management and Client.

Participate, as required, in Client governance meetings, cost reviews, investment reviews, and project steering committees.

In conjunction with the Senior Commercial Managers coordinate with consultants, contractors, suppliers, and other delivery stakeholders to validate cost information.

Act as a bridge between technical/project delivery requirements and the Client's financial objectives.

Cost Reporting & Governance

Develop and maintain senior-level cost reports, dashboards, and executive cost summaries.

Prepare monthly and periodic CAPEX performance reports for management.

Establish cost governance procedures, reporting requirements, approval workflows, and controls.

Ensure that cost reporting