Project Controls Specialist

In a world of possibilities, pursue one with endless opportunities. Imagine Next!At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible.Job Description:Parsons is looking for an amazingly talented Project Controls Engineer to join our team! In this role you will get to explore the Cost Management functions for various contracts in NY/NJ region. What You'll Be Doing:Reporting related to cost control, budget control, data management, change order management, financial reporting through Parsons’ custom project controls systems. Facilitates the development of the work breakdown structure (WBS).Hands on, detailed analysis and validation of project cost data to ensure accuracy and reasonableness.Works as a liaison between Project Managers, Procurement, Engineering, Finance Department and Billing Department to ensure Budgets, Financial Forecasts and Cash-flow reporting is timely and accurate.Co-ordinates with subconsultants and vendors for contracts compliance, invoicing, monthly accrual reporting, and payment reporting.Develops presentations, reports, graphs, dashboards, and procedures to meet specific project requirements related to budgets, estimates, cost, and schedules.Develops metrics and reports so that accurate and timely information can be provided to management and stakeholders.Reviews proposed project budgets and scope changes for proper justification and documentation.Troubleshoots project-specific budget, scope, schedule, funding, or documentation issues working with other Divisions, Branches or Departments.Identifies best practices and coordinate the development and implementation of project controls tools and procedures to support these best practices.Proficient with data tools like MS Excel is must (and Power BI – preferred)Understands and applies engineering, procurement, and construction terminology, concepts, and relationships. Implements and maintains an Earned Value Management System on the project.Analyzes cost and schedule performance indicators (CPI and SPI).Prepares and maintains project forecasts and status updates. Provides assessment with corrective action recommendations to management.Project Specific Tasks –Maintaining CFT (Common Forecast Tool) forecasts for JV and PTG jobsJV monthly accruals calculations and reporting via CFT.Subconsultant invoicing support (30+ subs), billing schedule, checking invoices and entry to Parsons Online Check RequestsWorking with biller to compile invoice and billing summary for JV.Manual Payment release to subs once JV is paid by the client.JV financials and maintaining log of capital contributions from JV partners.Collaborate with the project controls staff from JV partners for JV reporting procedures.What Required Skills You'll Bring:Refer to Job Description for Education and Experience RequirementsPreferred Education/Experience:4-year degree in Engineering or Construction Management or Finance (or equivalent experience) and Masters in Construction Management is preferred with 1-3 years of work experience. Security Clearance Requirement:NoneThis position is part of our Corporate team.For over 80 years, Parsons Corporation, has shaped the future of the defense, intelligence, and critical infrastructure markets. Our employees work in a close-knit team environment to find new, innovative ways to deliver smart solutions that are used and valued by customers around the world. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, transportation, smart cities, and more, we're providing tomorrow's solutions today.Salary Range: $30.58 - $53.51We 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!Parsons is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status or any other protected status.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 .SummaryLocation: US - NY, New YorkType: Full time