Principal Project Control Engineer Specialist (Remote)

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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 amazingly talented Principal Program Controls Engineer Specialists to join our team! In this role you will get to assist in responsibilities related to cost control, budget control, data management, and reporting supporting Defense Industrial Directorate.

What You'll Be Doing:

• Manage full program life cycle financials across FFP, T&M, and Cost-Plus contracts, including planning, tracking, analysis, project setup, invoicing support, accruals, monthly forecasting, and month-end close activities.

• Variance & Change management: Forecast and identify variances from project plans and pricing; manage change orders; provide financial analysis to Program Management; take proactive steps to manage project cost, schedule, and performance.

• Financial Modeling: Develop and maintain revenue recognition models, EACs, Estimates-to-Complete (ETCs), burn rate analyses, and related cost analyses using advanced Excel-based financial modeling.

• Partner with Program Managers and cross-functional stakeholders (business management, billing, contracts, subcontracts, and operations) to drive execution of business plans, oversee forecasting and planning, and ensure achievement of financial targets.

• Prepare and support Quarterly Deep Dive, Business Plan, and monthly forecast ensuring accuracy and alignment with business objectives.

• Reporting and variance analysis to include Revenue, Profit, cash backlog and Risk and Opportunities

• Manage the project Risk Register through monthly cross-functional workshops, identifying and mitigating risks while quantifying cost and schedule impacts and determining contingency based on probability.

• Attend weekly project schedule meetings and apply EV methodologies ensuring cost and schedule appropriately reflected in time phase forecast. Assesses the impact(s) of design/construction changes and schedule slippages.

• Maintain all project controls procedures in alignment with project business processes and determine methods to improve processes through lessons learned and analysis.

• Oversee the development and maintenance of an established information management system to show the hierarchy of plans and schedules; keeps project and company management fully informed of project status.

• Reviews proposed project budget and scope changes for proper justification and documentation.

• Manages subcontractor and client invoice cycles.

What Required Skills You'll Bring:

• Bachelor’s degree in business administration, Finance, Engineering or Construction Management (or related field) as well as 5-10 years of related work experience, or equivalent work experience required.

• Assignments require the working knowledge of various software used in the Project Controls Department, such as Excel, Forecasting Tools and Costpoint.

• Experience in Primavera and Scheduling software a plus

• Experience with fixed price vertical construction projects

• Experience working on federal contracts

• General understanding of GAAP principles

• Highly proficient in Microsoft Office Suite (e.g., Outlook, Word, Excel, PowerPoint)

Security Clearance Requirement:

None

This position is part of our Federal Solutions team.

The Federal Solutions segment delivers resources to our US government customers that ensure the success of missions around the globe. Our intelligent employees drive the state of the art as they provide services and solutions in the areas of defense, security, intelligence, infrastructure, and environmental. We promote a culture of excellence and close-knit teams that take pride in delivering, protecting, and sustaining our nation's most critical assets, from Earth to cyberspace. Throughout the company, our people are anticipating what’s next to deliver the solutions our customers need now.

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.

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!