Cost Specialist
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Key skills for this role
About the Role
Parsons Corporation is looking for a Cost Specialist (Saudi National) to join their team in Tabuk, KSA. The role involves cost control, budgeting, forecasting, and financial analysis for large projects.
Key Skills for This Role
Responsibilities
- Coordinate with other departments to ensure proper cost charging and visibility
- Responsible for project budget, invoicing, change control, and cost forecasting
- Provide financial and cost analysis as well as earned value and cost performance reporting
- Set up baseline budget with appropriate WBS in coordination with project manager and scheduler
- Prepare and update weekly and monthly cost tracking reports
- Perform variance analysis and recommend corrective actions
Requirements
- Experience in cost control, budgeting, and forecasting
- Knowledge of earned value management and cost performance reporting
- Ability to analyze and report cost status against baseline
- Proficiency in project control systems and Microsoft Office
- Saudi National required
Full Job Posting
Overview
- Parsons is looking for an amazingly talented Cost Specialist (Saudi National) to join our team in Tabuk, KSA!
- In this role you will be involved in developing, implementing, and maintaining cost control functions and protocols in support of the department manager on one or more larger projects.
What You'll Be Doing
- Coordinating with other Departments to ensure that all costs are properly charged on jobs and project cost control person has full visibility.
- Responsible for project budget, invoicing, change control, and cost forecasting for the project.
- Provide financial and cost analysis as well as earned value and cost performance reporting.
- Set up baseline budget (resource/revenue/cost) with appropriate WBS (Work Breakdown Structure) interfacing with various disciplines and in coordination with the Project Manager and Scheduler.
- Analyze, evaluate, forecast, and report cost status against the established baseline in collaboration with the planning team.
- Prepares/updates various weekly and monthly cost tracking reports.
- Establishes resource, revenue, and cost projections for projects in coordination with project teams.
- Performs variance analysis against the baseline projections and initiates/recommends corrective actions.
- Utilizes historical data and trends for use in maintaining a realistic basis for future planning and forecasting.
- Participate in the monthly & quarterly reviews and support the project team to explain the variances and justifications.
- Provides guidance, direction, and specialized assistance for the resolution of difficult and complex cost control problems.
- Supports the Project Director in reviewing and finalizing the business plan.
Requirements
- Customizes project control systems to meet specific project requirements.
- May interface with clients, attend regular meetings, and provide statistical reports.
- Performs other responsibilities associated with this position as may be appropriate.
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