We need a Project Cost Control Specialist
Job Description:
Parsons is looking for an amazingly talented Project Cost Control Specialist to join our team! In this role, you will support project cost-control activities by maintaining budgets and forecasts, monitoring project financial performance, analyzing cost variances, and delivering accurate reports and insights to support effective project decision-making.
What You'll Be Doing:
- Monitor project budgets, allowances, commitments, expenditures, actual costs, change orders, and forecasts.
- Establish baseline budgets for resources, revenue, and costs using an appropriate Work Breakdown Structure (WBS) in coordination with the Project Manager.
- Analyze project performance against approved baselines, identify cost variances, and coordinate corrective actions with the Project Controls Manager.
- Apply Earned Value Management (EVM) principles and calculate and report Earned Value (EV), Estimate at Completion (EAC), and Estimate to Complete (ETC).
- Prepare and update weekly and monthly cost reports, financial status reports, dashboards, spreadsheets, management reports, and project-review presentations.
- Maintain program-level cash-flow forecasts using historical data and trends to support accurate planning and forecasting.
- Track labor, subconsultant, consultant, and other project-related costs, including actuals, commitments, expenditures, and forecasts.
- Review subcontractor and consultant payment applications and coordinate monthly invoicing activities.
- Support billing and collection activities, including invoice preparation and stakeholder coordination.
- Maintain purchase-order, contract, change-order, issue, and cost-control trackers.
- Participate in monthly and quarterly project reviews and support the project team in explaining cost variances and preparing justifications.
- Support the Project Director in reviewing and finalizing the business plan.
- Coordinate with relevant departments to ensure project costs are correctly charged and accurately reflected within the cost-control function.
- Support Senior Project Control Engineers and Project Controls Managers in developing and maintaining project budgets and forecasts.
- Perform other responsibilities associated with the position, as appropriate.
What Required Skills You'll Bring:
- CAF/ACCA qualification or a bachelor’s degree in Finance or a related field. Equivalent relevant experience may also be considered.
- Minimum of 10 years of experience in project finance, cost control, or a related project-support role.
- Strong knowledge of cost control, budgeting, forecasting, invoicing, financial reporting, change management, commitments, actual costs, labor costs, and cost reporting.
- Advanced Microsoft Excel skills, including formulas, lookups, PivotTables, and charts.
- Proficiency in the Microsoft Office suite.
- Basic working knowledge of Power BI.
- Strong analytical, data-reconciliation, organizational, and attention-to-detail skills.
- Excellent English communication and presentation skills.
- Effective stakeholder-management and cross-functional coordination skills.
- Ability to follow established procedures, meet reporting deadlines, and work effectively with Project Managers, project teams, design discipline leads, and Project Controls personnel.
What Desired Skills You'll Bring:
- Strong practical understanding of Earned Value Management (EVM) and project performance measurement.
- Experience developing and maintaining project budgets, forecasts, and cash-flow projections.
- Experience supporting project reviews and preparing management-level cost reports and dashboards.
- Ability to identify, analyze, and clearly communicate cost and forecast variances.
- Strong coordination skills when working with project management, finance, consultants, subcontractors, and other project stakeholders.
Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.
We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!
Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.
COMPETITIVE BENEFIT OFFERINGS
Financial Wellness
We care about your financial wellbeing. Parsons offers competitive pay and retirement plans to help you build wealth for the future while giving you the flexibility to diversify your investments.
Work Life Harmony
Balance in life is important and time away from the office is imperative to allow you to refresh and focus your attention on the things that matter to you. Parsons supports your time away by providing paid time off and paid flexible holidays.
Career Development
We are committed to fostering the personal and professional growth of our employees. Develop and advance yourself though our comprehensive training, educational and mentorship programs.
Veteran Support
We provide Industry leading benefits to support veterans and active-duty members to provide security for you and your family by offering robust leave and benefits; including paid active-duty military leave and paid time off when transitioning back to civilian life.
Mind & Body
At Parsons we inspire healthier habits, heathier minds, and a healthier you through our wellness program. Participate in our weekly Meditation Mondays and Wellness Wednesdays. Wellness, at Parsons, is more than just your annual checkup.
Health
Health is not a one size fits all. At Parsons, we offer a robust Employee Assistance Program as well as comprehensive medical, dental and vision plans through large, national carriers with the choice of regional PPO, HDHP, or HMO networks.
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