Parsons

Project Controls Specialist

Parsons • $63K — $111K *
New York, NY 10025In-Person
Real Estate & Construction
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 4-year degree in Engineering, Construction Management, or Finance (or equivalent experience); Master's preferred
  • 1-3 years of work experience in project controls or relevant field
  • Proficiency in MS Excel required; Power BI preferred
  • Strong understanding of engineering, procurement, and construction concepts
  • Ability to analyze cost and schedule performance indicators (CPI and SPI)

Responsibilities

  • Report on cost control, budget control, and financial reporting via custom project controls systems
  • Analyze and validate project cost data for accuracy
  • Liaise with Project Managers, Procurement, Engineering, Finance, and Billing Departments for financial reporting
  • Coordinate with subconsultants for contract compliance and invoicing
  • Develop presentations and reports related to project budgets and schedules
  • Implement and maintain an Earned Value Management System
  • Review budgets and scope changes for justification and documentation

Benefits

  • Medical, dental, and vision insurance
  • Paid time off and holidays
  • Employee Stock Ownership Plan (ESOP)
  • 401(k) retirement plan
  • Flexible work schedules
  • Life insurance
Full Job Description
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 jobs
  • JV monthly accruals calculations and reporting via CFT.
  • Subconsultant invoicing support (30+ subs), billing schedule, checking invoices and entry to Parsons Online Check Requests
  • Working 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 Requirements


Preferred 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:
None

This position is part of our Corporate team.

Salary Range: $30.58 - $53.51

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!

About Parsons

Parsons Corporation is a technology-driven engineering services firm with more than 70 years of experience in the engineering, construction, technical, and professional services industries. The corporation is a leader in many diversified markets with a focus on infrastructure, defense, security, and construction. Parsons delivers design/design-build, program/construction management, systems design/engineering, cyber/converged security, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide. Parsons is a leader in many diversified markets with a focus on infrastructure, defense, security, and construction. Parsons delivers design/design-build, program/construction management, systems design/engineering, cyber/converged security, and other professional services packaged in innovative alternative delivery methods to federal, regional, and local government agencies, as well as to private industrial customers worldwide.
Learn more about Parsons
Size
15,500 employees
Market Cap
$4.7 billion
Industry
Real Estate & Construction
Net Income
$98.5 million
Founded
1944
5 Year Trend
+3.8%
Revenue
$3.9 billion
NASDAQ
PSN
* Ladders Estimates

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