Cost Control Manager
4 days ago
Parsons is looking for an amazingly talented Cost Control Specialist to join our team
What You'll Be Doing
- 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 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.
- Monitors and tracks project progress and performs Earned Value Analysis
- 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 problems.
- Supports the Project Director in reviewing and finalizing the business plan.
- Completes performance reviews for direct reports and provides personnel development.
- Customizes project control systems to meet specific project requirements.
- May interface with clients, attend regular meetings, and provide statistical reports.
- Coordinating with other Departments to ensure that all costs are properly charged on jobs and project cost control person has full visibility.
- Performs other responsibilities associated with this position as may be appropriate.
Bachelor of Commerce/Engineering/Finance with minimum 5 years of experience
What Desired Skills You'll Bring
Good communication
Excel Advance knowledge
Stakeholders Management
Technical Skills
Proficiency in cost control and project management software.
Knowledge of budgeting, forecasting, and financial modeling techniques.
Familiarity with earned value management (EVM) principles.
Analytical and Problem-Solving Skills
Ability to analyze financial data and identify cost trends or issues.
Strong problem-solving skills to develop strategies for mitigating budget risks.
Leadership and Communication
Strong communication skills to present cost data to stakeholders effectively.
Collaboration skills to work with multidisciplinary teams.
Regulatory and Compliance Knowledge
Understanding of contract management principles, including FIDIC or other industry-specific standards.
Knowledge of relevant financial and regulatory compliance requirements.
Soft Skills
Attention to detail for accurate cost tracking and reporting.
Strong organizational skills to manage multiple projects simultaneously.
Proactive mindset for identifying cost-saving opportunities.
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