Principal Project Control 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 whats possible. Job Description: Parsons is looking for an amazingly talented Project Control Principal Analyst to join our team! In this role you will get to support a variety of contract types within the organization! This role offers opportunities to grow within the organization and gain exposure to complex projects and cross-functional collaboration. What You'll Be Doing: Cost Control Systems: Assist in developing and managing cost control systems to provide project and company management with accurate and timely financial information. Project Planning & Reporting: 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 FFP, CPFF, and T&M contracts. Work Breakdown Structure (WBS): Facilitate the development of WBS by collaborating with Program Management, Procurement, and Finance Departments. Data Analysis: 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. Variance & Change Management: 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. 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. Budget Management: 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. Subcontract & Purchase Order Management: Perform subcontract and purchase order management activities, including preparing purchase requisitions, processing invoices, and preparing accruals for projects. Ad Hoc Reporting: Generate ad hoc reports to support project performance analysis and decision-making. Other Duties: Perform other duties as assigned. What Required Skills You'll Bring: Bachelors degree in Business, Accounting, Finance, or a related field and typically 10+ years of related work experience. 35 years of experience in government contract financial management. Familiarity with various contract types, subcontracts, or grants, including Cost Reimbursable contracts (CPFF), Firm Fixed Price (FFP), and Time and Material (T&M) contracts. US Citizen 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 with proficiency in other MS Office business software tools Experience with Deltek Costpoint and Cognos Reporting environments preferred. What Desired Skills You'll Bring: 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. 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 (CPFF), Firm Fixed Price (FFP), and Time and Material (T&M), and the ability to assist in tracking and managing these contracts. Security Clearance Requirement: None This 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: $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 employees wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons questAPPLY 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/. Founded in 1944, Parsons Corporation, a digitally enabled solutions provider, is focused on creating the future of the defense, intelligence, and critical infrastructure markets. From Earth to outer space, we deliver tomorrows solutions today. Equipped with the capabilities required to take on any defense, intelligence, or critical infrastructure challenge, our agile, innovative, and disruptive approach enables us to deliver solutions at the speed of relevance. Our people are our greatest asset. We strive to be an employer of choice that engages employees in the community and creates rewarding career paths to cultivate a resilient workforce that is ready for the future. For more about Parsons, visit parsons.com and follow us on Facebook, Twitter, LinkedIn, and YouTube.