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Parsons Corporation · 1 month ago

Project Control Finance Specialist

Virginia, United States

Full-time

Hybrid

Mid Level

$29.95/hr - $52.40/hr

3+ years exp

Parsons Corporation is a company that shapes the future of defense, intelligence, and critical infrastructure markets. They are seeking a Project Control Finance Specialist to support contract management, financial analysis, and project planning, ensuring compliance with financial policies and procedures.

Building MaterialConstructionConsultingIndustrial EngineeringInformation TechnologyInfrastructureMilitarySecurity

Responsibilities

Assist in developing and managing cost control systems to provide project and company management with accurate and timely financial information

Perform all aspects of planning, tracking, analysis, and reporting for projects of varying contract types, sizes, complexities, and risk levels, ensuring compliance with financial policies and procedures for CPxF and T&M contracts

Facilitate the development of WBS by collaborating with Program Management, Procurement, and Finance Departments

Conduct independent analysis of data stored in project management and cost control systems; create presentations using graphs, diagrams, and other visual aids to illustrate cost status

Forecast and identify variances from project plans and pricing; manage change orders; provide financial analysis to Project Leads; take proactive steps to manage project cost, schedule, and performance

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

Work alongside Project Leads to maintain project budgets, including monthly budgeted vs. actual cost analysis; identify and communicate risks such as cost overruns, underspending, and vacancy issues

Perform subcontract and purchase order management activities, including preparing purchase requisitions, processing invoices, and preparing accruals for projects

Generate ad hoc reports to support project performance analysis and decision-making

Demonstrate analytical abilities by obtaining financial report information to help projects understand their performance and transactions

Perform other duties as assigned

Qualification

Financial ModelingCost Control SystemsBudget ManagementData AnalysisVariance & Change ManagementAdvanced ExcelAnalytical SkillsMicrosoft Office SuiteProject Management ToolsDeltek CostpointFARDFARS KnowledgeCommunication SkillsAttention to DetailInterpersonal SkillsOrganizational Abilities

Required

Bachelor's degree in Business, Accounting, Finance, or a related field

3–5 years of experience in government contract financial management

Familiarity with various contract types, subcontracts, or grants, including Cost Reimbursable contracts (CPxF), Firm Fixed Price (FFP), and Time and Material (T&M) contracts

Strong analytical and problem-solving skills with the ability to work comfortably with budgets and collaborate across multiple departments

General understanding of government contracting indirect rate structures and procedures

Excellent communication and interpersonal skills

Exceptional attention to detail and organizational abilities

Advanced proficiency in Microsoft Excel, including financial modeling and data analysis

Proficiency in Microsoft Word, Microsoft Office Suite, and project management tools

Preferred

Experience with Deltek Costpoint and Cognos Reporting environments preferred but not required

Experience using Deltek Cost Point

Basic understanding of federal government contracting principles, including familiarity with FAR (Federal Acquisition Regulation) and DFARS (Defense Federal Acquisition Regulation Supplement), with a willingness to deepen knowledge

Familiarity with reviewing and verifying travel expenses for compliance with federal travel regulations (e.g., Joint Travel Regulations or Federal Travel Regulation), ensuring accuracy and adherence to policies

Ability to learn and apply new software, tools, and systems relevant to project controls, federal compliance, and financial management

Foundational knowledge of federal contract types such as Cost Reimbursable (CPxF), Firm Fixed Price (FFP), and Time and Material (T&M), and the ability to assist in tracking and managing these contracts