Senior Cost Engineer

In a world of possibilities, pursue one with endless opportunities. Imagine Next!

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.

What Required Skills You'll Bring

• 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).

What Desired Skills You'll Bring

• 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.

Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information. 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/.

COMPETITIVE BENEFIT OFFERINGS

Financial Wellness

We care about your financial wellbeing. Parsons offers competitive pay and retirement plans to help you build wealth for the future while giving you the flexibility to diversify your investments. Work Life Harmony

Balance in life is important and time away from the office is imperative to allow you to refresh and focus your attention on the things that matter to you. Parsons supports your time away by providing paid time off and paid flexible holidays. Career Development

We are comm