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 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 bassline 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 problem.
- Supports the Project Director in reviewing and finalizing the business plan.
- 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.
What Required Skills You'll Bring:
Bachelor’s degree in accounting/finance or related field from an accredited university/ institution is required.
At least 4 years Cost Management experience along with SOCPA-registered certificate (this is a must), forecasting, and financial reporting of mega engineering construction or entertainment construction project is required.
Excellent written and oral communications skills in English is required.
Proficient PC skills in MS Office (Advance Excel skills) & power BI is required.
What Desired Skills You'll Bring:
- Professional degrees like CA, CPA or ACCA will be preferred.
- A track record with PMC and Main Contractors would be a suitable background.
- Comprehensive knowledge of industry practices and standards.
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
- Saudi National
- Bachelor's degree in accounting, finance, or related field from an accredited institution
- At least 4 years cost management experience on mega engineering or entertainment construction projects
- SOCPA-registered certificate
- Experience in forecasting, financial reporting, earned value and cost performance reporting
- Advanced Excel / proficient MS Office skills
- Power BI proficiency
- Excellent written and oral communication skills in English
- Professional degrees like CA, CPA or ACCA
- Experience with PMC and Main Contractors
- Comprehensive knowledge of industry practices and standards
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.
