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Cost Manager
2 weeks ago
**Minimum Clearance Required to Start**:
Not Applicable/None
Cost Manager
Riyadh
Ready to put your contract skills to work with departments and teams on projects that change the fabric of our community? Do you have an eye for details? Put your commercial management expertise to work on complex projects. Parsons is now hiring a Cost Manager who can lead a team of commercial professionals overseeing every phase of mission critical projects or programs.
Parsons’ extensive experience, combined with your finance, procurement, and contract management skills, will propel your career forward with opportunity for advancement with top performance.
In this role, under the supervision of the Commercial Manager, you will manage all assigned project cost activities and represent the project in negotiations of cost related issues.
Our Cost Managers must be fully knowledgeable of all legal, business, and financial elements of project delivery. You will use your diversified knowledge of commercial activities, as well as draw upon your extensive experience and exposure to various types of projects, clients, and contracts in the execution of your role.
**Responsibilities**:
- Manages a team of commercial staff as required, including subconsultants, who are qualified to analyze, evaluate and manage project finances, prepare cost plans and estimates, as well as assuring commercial performance against established schedule, budgets, and other critical project data.
- Provides guidance, direction, and specialized assistance to project team for the resolution of project commercial related issues.
- Oversees the commercial performance of assigned project areas to ensure project commercial procedures and objectives are maintained by sharing best practices and continual improvement techniques with staff, monitoring, and reporting to senior management concerning compliance with client business objectives.
- Interfaces with client team as required, attend regular meetings, and provides critical project updates.
- Establishes and leads implementation of strategic commercial project plans
- May be involved in project planning activities (e.g., risk assessment, bid/no bid analysis, participation in business plan development, etc.).
- Identifies risks not conforming to project policy and procedures.
- Keeps subordinates up to date relative to the availability of resource materials dealing with current commercial issues.
- Responsible for successful commercial execution of assigned projects to meet project goals and requirements, in coordination with the Senior Project Manager of assigned area, by:
- Assisting with the development of work plans and budgets.
- Reviewing project proposals or work plans to determine time frame, financial objectives, and procedures for accomplishing work.
- Formulating and implementing interventions to secure and deliver tenders.
- Coordinating information and activities among project and construction commercial teams, ensuring proper communication flow.
- Preparing project status reports, including updated cost projections and schedules for senior management and client.
- Identifying changes in scope or differing conditions and securing appropriate change orders for project cost and time if approved.
- Reviewing project progress reports and status of contracts, indicating current status with regards to financial situation and provide guidance and recommendations for improvements.
**Qualifications**:
- Bachelor's degree in Business Administration, Finance, Quantity Surveying, Engineering or related technical/business field.
- J.D. in Law or MBA/MBA International (preferred).
- 12+ years of cost management experience within a large international engineering and construction firm is required, with 10+ years of experience in related large scale projects/programs in Entertainment sector; management of international consultants and contractors is desirable.
- Professional registration desired (RICS, IArb, qualification in construction Contract Law, or similar).
**Requirements**:
- Requires a comprehensive knowledge of industry business practices and the negotiation of prime contracts.
- Requires a comprehensive knowledge of cost management at all stages from feasibility to to post-contract.
- Must have the ability to develop strong working relationships with staff, client, and third party teams, interface and coordinate project performance with other disciplines, interpret and deliver client's vision, and proactively manage project processes and requirements.
- Ability for managing and directing complex work situations, and independently negotiating the most complex contractual issues.
- Must possess strong written and oral communication skills, excellent interpersonal skills.
- Should have a broad general technical and project management background.
