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 Cost Manager to join our team! In this role you will be responsible for supporting the planning, monitoring, analysis, forecasting, and reporting of all project costs associated with the design contract.
What You'll Be Doing:
Cost Management & Analysis
Help establish and maintain project cost control systems and procedures.
Monitor labor, direct costs, overheads, and subconsultant expenditures against approved budgets.
Analyze cost performance and identify trends, variances, and potential risks to project profitability.
Help prepare Estimate-at-Completion (EAC), Estimate-to-Complete (ETC), and cash flow forecasts.
Support project leadership in financial decision-making through detailed cost analysis and recommendations.
Cost Reporting
Support preparation of weekly, monthly, and executive-level cost reports.
Monitor budget performance against baseline plans.
Analyze earned value, productivity, burn rates, and resource utilization.
Prepare variance analyses and corrective action recommendations.
Client Invoicing & Revenue Management
Help prepare and coordinate client invoices in accordance with contract requirements.
Ensure invoice accuracy, completeness, and compliance with contractual billing provisions.
Monitor invoice status, client approvals, and collections.
Support resolution of invoice-related inquiries and disputes.
Subconsultant Cost & Payment Management
Monitor subconsultant budgets, commitments, and expenditures.
Review subconsultant invoices for accuracy, contractual compliance, and progress achieved.
Coordinate invoice approvals with technical and project management staff.
Track subconsultant commitments against approved budgets and forecasts.
Support processing of subconsultant payments in accordance with contract terms.
Budget & Forecast Management
Support monthly forecasting processes for labor, expenses, and subconsultant costs.
Support project change management activities.
Participate in project reviews and forecast updates with project leadership.
Ensure financial forecasts reflect current project conditions and risks.
Change Management Support
Help to develop cost estimates and supporting documentation for change requests.
Monitor approved and pending changes and their impact on project budgets and forecasts.
Financial Governance & Compliance
Support internal and external audits.
Verify cost data integrity within project management systems.
Maintain accurate financial documentation and records.
Promote continuous improvement of project cost management processes and reporting tools.
What Required Skills You'll Bring:
Bachelor's Degree in Finance, Accounting, Business Administration, Engineering, Construction Management, or related discipline.
8–15 years of project controls, cost management, financial analysis, or program management experience.
Experience supporting large infrastructure, transportation, aviation, rail, water, or Design-Build projects preferred.
Experience with client and subcontractor invoicing processes.
Strong cost control and financial analysis capabilities.
Knowledge of earned value management (EVM) principles.
Strong client invoicing and contract administration experience.
Ability to analyze large datasets and identify trends and performance drivers.
Excellent written and verbal communication skills.
Strong organizational and stakeholder management skills.
Ability to work effectively in a fast-paced, multidisciplinary project environment.
What Desired Skills You'll Bring:
Working in ERP Systems
Power BI
Microsoft Office Suite
Earned Value Management Systems
Security Clearance Requirement:
NoneThis position is part of our Corporate team.For over 80 years, Parsons Corporation, has shaped the future of the defense, intelligence, and critical infrastructure markets. Our employees work in a close-knit team environment to find new, innovative ways to deliver smart solutions that are used and valued by customers around the world. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, transportation, smart cities, and more, we're providing tomorrow's solutions today.Salary Range: $103,500.00 - $181,100.00We value our employees and want our employees to take care of their overall wellbeing, which is why we offer best-in-class benefits such as medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP), 401(k), life insurance, flexible work schedules, and holidays to fit your busy lifestyle!This position will be posted for a minimum of 3 days and will continue to be posted for an average of 30 days until a qualified applicant is selected or the position has been cancelled.Parsons is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status or any other protected status.We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.
Skills Required
- Bachelor's Degree in Finance, Accounting, Business Administration, Engineering, Construction Management, or related discipline.
- 8-15 years of project controls, cost management, financial analysis, or program management experience.
- Experience supporting large infrastructure, transportation, aviation, rail, water, or Design-Build projects.
- Experience with client and subcontractor invoicing processes.
- Strong cost control and financial analysis capabilities.
- Knowledge of earned value management (EVM) principles.
- Strong client invoicing and contract administration experience.
- Ability to analyze large datasets and identify trends and performance drivers.
- Excellent written and verbal communication skills.
- Strong organizational and stakeholder management skills.
- Ability to work effectively in a fast-paced, multidisciplinary project environment.
- Working in ERP Systems.
- Power BI.
- Microsoft Office Suite.
- Earned Value Management Systems.
Parsons Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Parsons Corporation and has not been reviewed or approved by Parsons Corporation.
-
Retirement Support — Retirement programs are framed as a major value driver, with an ESOP alongside a 401(k) match and additional stock-purchase options contributing meaningfully to total rewards. This structure is positioned as especially attractive for employees who value long-term wealth-building over immediate cash.
-
Healthcare Strength — Health coverage is described as broad and choice-rich, with multiple plan types (PPO, HDHP, and some HMO networks) plus dental, vision, EAP, and wellness resources. The availability of different plan designs and national-carrier coverage supports varied employee needs.
-
Leave & Time Off Breadth — Time-off offerings are portrayed as competitive, including PTO, holidays, flexible schedules such as a 9/80 option for eligible roles, and floating holidays in the U.S. Paid parental leave of 160 hours is also highlighted as a meaningful component of the overall package.
Parsons Corporation Insights
What We Do
Parsons is a digitally enabled solutions provider with a focus on making the world safer, smarter, healthier, more sustainable, and more connected. Founded in 1944, Parsons primarily serves the defense, security, and infrastructure markets. Uniquely qualified to deliver cyber/converged security, technology-based intellectual property, and other innovative services, the corporation delivers state-of-the-art solutions to federal, regional, and local government agencies as well as to private industrial customers worldwide. Parsons has a reputation for inclusion and diversity and has been named to the Ethisphere Institute’s list of World’s Most Ethical Companies for 10 consecutive years. Parsons facilitates a culture of innovation by encouraging collaboration among its employees and providing opportunities for career growth. With offices around the globe, people of varied talents and backgrounds, and a wide range of exciting projects, the possibilities at Parsons are endless. For more about Parsons, visit www.parsons.com. Mission: Delivering innovative infrastructure, defense, and security solutions to enable a more sustainable, safer, smarter, and more connected world.
