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 seeking an experienced Senior Cost Engineer to join our team in Tabuk. In this role, you will be responsible for implementing project cost controls, forecasting, and budget management for large-scale, complex infrastructure or mega-projects. You will work closely with project management teams to provide critical financial data, analyze variances, and ensure projects are executed within budget constraints.What You'll Be Doing- Cost Control & Budgeting: Establish, maintain, and oversee project cost control systems. Develop and manage baseline budgets, work breakdown structures (WBS), and cost accounts.
- Forecasting & Variance Analysis: Prepare monthly cost forecasts, Estimate at Completion (EAC), and variance reports. Identify cost trends and potential overruns early, providing actionable mitigation strategies to project leadership.
- Earned Value Management (EVM): Apply EVM principles to measure project performance and progress, analyzing Schedule Variance (SV) and Cost Variance (CV).
- Change Management: Review, evaluate, and track project change orders, trends, and claims to assess their impact on the overall project budget and forecast.
- Reporting: Prepare comprehensive monthly project status reports and financial dashboards for both internal management and clients.
- Collaboration: Work collaboratively with Procurement, Scheduling, and Commercial teams to ensure alignment between cost data, schedules, and contractual commitments.
- Education: Bachelor’s degree in Engineering, Construction Management, Finance, or a related discipline.
- Experience: Minimum of 7 years of progressive experience in project cost engineering and project controls, ideally within mega-projects, major infrastructure, or civil engineering sectors.
- Technical Skills: Proficient in project management and cost control software (e.g., Primavera P6, PRISM, EcoSys, or advanced MS Excel).
- Certifications: Professional certification such as Certified Cost Professional (CCP), Certified Cost Engineer (CCE), or Project Management Professional (PMP) is highly desirable.
- Soft Skills: Strong analytical, problem-solving, and communication skills. Ability to work effectively in a multicultural, fast-paced environment.
- Geographic Flexibility: Willingness to live and work in the Tabuk region.
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!
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Skills Required
- Bachelor's degree in Engineering, Construction Management, Finance, or related discipline
- Minimum 7 years progressive experience in project cost engineering and project controls (mega-projects/infrastructure/civil)
- Proficiency with project management and cost control software such as Primavera P6, PRISM, EcoSys, or advanced Microsoft Excel
- Knowledge and application of Earned Value Management (EVM) including EAC, SV, and CV analysis
- Professional certifications (CCP, CCE, PMP)
- Strong analytical, problem-solving, and communication skills; ability to work in multicultural, fast-paced environments
- Willingness to live and work in the Tabuk region
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.
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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.
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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.
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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.
