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Senior Commercial Manager - Utility Compounds
Parsons · Riyadh
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Job description
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:
Position Summary
The Senior Commercial Manager is responsible for leading all commercial, contractual, and cost management aspects across a portfolio of projects or a major program. The role safeguards the organization’s commercial interests from bid to closeout, ensuring robust contract administration, effective risk management, accurate cost forecasting, and maximized profitability while maintaining strong relationships with clients, partners, and supply chain.
Key Responsibilities
Commercial Strategy & Leadership
- Develop and implement commercial strategies that support business objectives, margin targets, and cash flow requirements.
- Provide commercial leadership to project teams, ensuring consistent application of company policies, procedures, and best practices.
- Support business planning, budgeting, and strategic decision-making with commercial insight and analysis.
- Lead or support negotiations for major contracts, variations, claims, and settlements.
Contract Management & Administration
- Review, negotiate, and finalize prime contracts, subcontracts, and consultancy agreements (FIDIC).
- Ensure robust contract administration, including compliance with notice provisions, change management, and claims procedures.
- Draft and review contractual correspondence to protect the company’s position and manage disputes proactively.
- Provide guidance on contractual rights and obligations to project managers, procurement, and senior leadership.
Cost Management & Financial Control
- Oversee preparation and management of project budgets, cost plans, and cash flow forecasts.
- Lead cost reporting, including monthly cost/value reconciliations, earned value analysis, and margin analysis.
- Monitor project financial performance, identify variances, and recommend corrective actions to protect profitability.
- Validate and approve major cost commitments, variations, and final accounts.
Change, Claims & Dispute Management
- Establish and oversee robust change management processes across projects.
- Review, prepare, and negotiate variations, extensions of time, loss and expense, and other claims.
- Coordinate with planning, legal, and technical teams to substantiate and defend claims.
- Manage dispute resolution processes (negotiation, mediation, adjudication, arbitration) where required.
Procurement & Supply Chain
- Support or lead procurement strategies for key packages, including tendering, evaluation, and contract award.
- Negotiate terms with subcontractors and suppliers to optimize cost, risk allocation, and performance obligations.
- Monitor subcontractor commercial performance, including payment applications, variations, and claims.
- Promote long-term, mutually beneficial relationships with strategic supply chain partners.
Governance, Risk & Compliance
- Identify and manage commercial risks and opportunities across the project lifecycle; maintain and update risk registers.
- Ensure compliance with corporate governance, delegation of authority, and internal control frameworks.
- Contribute to bid/no-bid decisions and tender reviews by assessing commercial risk profiles and contractual terms.
- Support audits and internal reviews of commercial practices.
Stakeholder Management & Reporting
- Act as the primary commercial interface with clients, partners, JV entities, and senior internal stakeholders.
- Provide clear, timely commercial reporting and advice to the Executive Team and Project Directors.
- Present commercial performance, risks
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