Strategic Program Controls Engineer — Cost & Forecasting

Parsons; Saudi Arabia; On-site; SAR 350,000 - 600,000; Full time

Job summary

Parsons is seeking a Principal Program Controls Engineer to lead cost control, budgeting, forecasting, and change-management for a major program. You will collaborate with project managers, commercial and contracts teams, and procurement to ensure financial data aligns with budgets and contracts.

The role involves managing cost baselines, reviewing pricing submissions, and producing cost reports and forecasts to support management decisions throughout the project lifecycle.

Qualifications

• Bachelor's degree in engineering, quantity surveying, construction management, finance, project management, or a related field.
• Significant experience is required.

Responsibilities

• Develop, maintain, and monitor program budgets and approved cost baselines.
• Track actual costs, commitments, accruals, invoices, forecasts, and remaining budgets.
• Compare project expenditure against approved budgets and identify cost variances.
• Prepare cost reports, financial forecasts, and estimate-at-completion reports.
• Monitor cost trends and provide early warning of potential budget overruns.
• Review project financial data to ensure accuracy, consistency, and proper allocation.
• Support monthly reporting, financial reviews, and program management meetings.
• Monitor the use of contingency, allowances, and management reserves.
• Ensure approved scope and budget changes are properly incorporated into cost forecasts.
• Coordinate cost information with planning, procurement, contracts, and project delivery teams.
• Review contractor, consultant, and supplier pricing submissions.
• Assess quotations, rates, quantities, labor, materials, equipment, overheads, preliminaries, escalation, and profit.
• Prepare independent cost estimates for proposed work and project changes.
• Compare submitted prices with contract rates, bills of quantities, market benchmarks, and historical data.
• Evaluate the financial impact of design changes, additional works, omissions, substitutions, and revised requirements.
• Review pricing for variations, claims, delay costs, acceleration, and other commercial events.
• Identify unsupported, excessive, or inconsistent costs and recommend adjustments.
• Prepare clear pricing evaluations and commercial recommendations for management approval.
• Support negotiations with contractors and consultants by providing detailed cost analysis.
• Maintain records of approved prices, historical rates, variations, and commercial decisions.
• Manage and administer the program change-control process.
• Review change requests, variation orders, claims, and potential changes.
• Assess the effect of proposed changes on cost, schedule, scope, resources, procurement, and risk.
• Prepare cost and schedule impact assessments for management review.
• Maintain change registers showing the status and value of each change.
• Track changes from initial identification through evaluation, approval, implementation, and closeout.
• Clearly distinguish between approved, pending, rejected, disputed, and potential changes.
• Monitor cumulative change impacts and identify trends affecting the overall program budget.
• Ensure that changes are properly authorized before being included in the budget or forecast.
• Verify that approved changes are reflected in cost reports, forecasts, schedules, and project-control systems.
• Monitor contractor submissions and support the assessment and resolution of variations and claims.
• Report change exposure, pending approvals, and financial risks to program leadership.
• Prepare monthly and quarterly program controls reports.
• Provide updated forecasts for budget, cost, commitments, revenue, and estimate at completion.
• Analyze cost performance and explain significant changes in the forecast.
• Prepare reports on approved changes, pending variations, contingency usage, and commercial exposure.
• Develop dashboards and management presentations highlighting key cost and change information.
• Provide recommendations to reduce cost growth and improve financial performance.
• Ensure that cost, schedule, risk, procurement, and change information is consistent across all reports.
• Support program reviews, change-control boards, commercial meetings, and client presentations.

Skills

Cost control

Budget management

Forecasting

Commercial analysis

Change management

Education

Bachelor's degree in engineering, quantity surveying, construction management, finance, project management, or related

Job description

Parsons is seeking a Principal Program Controls Engineer to lead cost control, budgeting, forecasting, and change-management for a major program. You will collaborate with project managers, commercial and contracts teams, and procurement to ensure financial data aligns with budgets and contracts.

The role involves managing cost baselines, reviewing pricing submissions, and producing cost reports and forecasts to support management decisions throughout the project lifecycle.