Senior Cost Engineer

1 week ago


Riyadh, Ar Riyāḑ, Saudi Arabia Parsons Corporation Full time

Job Description:

Are you a seasoned Senior Cost Engineer looking for a new challenge? Join the Parsons team and take your career to the next level In this role, you will:

  • Develop precise cost estimates for projects, taking into account all relevant factors.
  • Collaborate with project managers, engineers, and stakeholders to establish project budgets.
  • Analyze and benchmark costs to ensure competitiveness.
  • Review and validate cost estimates provided by contractors and suppliers.

Cost Control and Monitoring:

  • Monitor project costs throughout the project lifecycle.
  • Analyze and report on cost variations.
  • Track and manage change orders.
  • Implement cost control measures to optimize project costs.

Financial Reporting and Analysis:

  • Prepare regular financial reports, including cost forecasts.
  • Provide accurate cost data to support financial decision-making.
  • Conduct financial analysis to identify cost optimization opportunities.
  • Collaborate with finance teams for accurate cost allocation.

Risk Assessment and Mitigation:

  • Identify and assess potential project risks.
  • Develop risk mitigation strategies.
  • Evaluate the financial impact of risks.
  • Monitor the effectiveness of risk mitigation actions.

Cost Engineering Process Improvement:

  • Enhance cost engineering processes and tools.
  • Implement best practices for accurate cost estimation.
  • Capture insights and recommendations from lessons learned sessions.
  • Stay updated on industry trends in cost engineering.

Stakeholder Collaboration:

  • Collaborate with project managers, engineers, and procurement teams.
  • Provide cost-related guidance and support.
  • Communicate cost-related information effectively to non-technical stakeholders.
  • Build strong relationships with stakeholders for collaboration.

Required Skills:

· Bachelor's Degree in Engineering or Construction Management.

· Around 10 years of relevant work experience.

· Proficient in various Project Controls software and Microsoft Office Suite.

Minimum Clearance Required to Start:

Not Applicable/None

Parsons is committed to workplace diversity and equal opportunities. Join our team of professionals dedicated to delivering innovative solutions in defense, security, and infrastructure markets. Explore a new career path with Parsons



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