Job Description:

Parsons is looking for an amazingly talented Cost Manager to join our team! In this role you will be responsible for supporting the planning, monitoring, analysis, forecasting, and reporting of all project costs associated with the design contract.

What You'll Be Doing:

• Cost Management & Analysis

• Help establish and maintain project cost control systems and procedures.

• Monitor labor, direct costs, overheads, and subconsultant expenditures against approved budgets.

• Analyze cost performance and identify trends, variances, and potential risks to project profitability.

• Help prepare Estimate-at-Completion (EAC), Estimate-to-Complete (ETC), and cash flow forecasts.

• Support project leadership in financial decision-making through detailed cost analysis and recommendations.

• Cost Reporting

• Support preparation of weekly, monthly, and executive-level cost reports.

• Monitor budget performance against baseline plans.

• Analyze earned value, productivity, burn rates, and resource utilization.

• Prepare variance analyses and corrective action recommendations.

• Client Invoicing & Revenue Management

• Help prepare and coordinate client invoices in accordance with contract requirements.

• Ensure invoice accuracy, completeness, and compliance with contractual billing provisions.

• Monitor invoice status, client approvals, and collections.

• Support resolution of invoice-related inquiries and disputes.

• Subconsultant Cost & Payment Management

• Monitor subconsultant budgets, commitments, and expenditures.

• Review subconsultant invoices for accuracy, contractual compliance, and progress achieved.

• Coordinate invoice approvals with technical and project management staff.

• Track subconsultant commitments against approved budgets and forecasts.

• Support processing of subconsultant payments in accordance with contract terms.

• Budget & Forecast Management

• Support monthly forecasting processes for labor, expenses, and subconsultant costs.

• Support project change management activities.

• Participate in project reviews and forecast updates with project leadership.

• Ensure financial forecasts reflect current project conditions and risks.

• Change Management Support

• Help to develop cost estimates and supporting documentation for change requests.

• Monitor approved and pending changes and their impact on project budgets and forecasts.

• Financial Governance & Compliance

• Support internal and external audits.

• Verify cost data integrity within project management systems.

• Maintain accurate financial documentation and records.

• Promote continuous improvement of project cost management processes and reporting tools.

What Required Skills You'll Bring:

• Bachelor's Degree in Finance, Accounting, Business Administration, Engineering, Construction Management, or related discipline.

• 8–15 years of project controls, cost management, financial analysis, or program management experience.

• Experience supporting large infrastructure, transportation, aviation, rail, water, or Design-Build projects preferred.

• Experience with client and subcontractor invoicing processes.

• Strong cost control and financial analysis capabilities.

• Knowledge of earned value management (EVM) principles.

• Strong client invoicing and contract administration experience.

• Ability to analyze large datasets and identify trends and performance drivers.

• Excellent written and verbal communication skills.

• Strong organizational and stakeholder management skills.

• Ability to work effectively in a fast-paced, multidisciplinary project environment.

What Desired Skills You'll Bring:

• Working in ERP Systems

• Power BI

• Microsoft Office Suite

• Earned Value Management Systems

Security Clearance Requirement:

None

This position is part of our Corporate team.

Salary Range: $103,500.00 - $181,100.00

We value our employees and want our employees to take care of their overall wellbeing, which is why we offer best-in-class benefits such as medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP), 401(k), life insurance, flexible work schedules, and holidays to fit your busy lifestyle!

This position will be posted for a minimum of 3 days and will continue to be posted for an average of 30 days until a qualified applicant is selected or the position has been cancelled.