Project Cost Control Specialist

Role Overview

What You'll Be Doing

• Monitor project budgets, allowances, commitments, expenditures, actual costs, change orders, and forecasts.
• Establish baseline budgets for resources, revenue, and costs using an appropriate Work Breakdown Structure (WBS) in coordination with the Project Manager.
• Analyze project performance against approved baselines, identify cost variances, and coordinate corrective actions with the Project Controls Manager.
• Apply Earned Value Management (EVM) principles and calculate and report Earned Value (EV), Estimate at Completion (EAC), and Estimate to Complete (ETC).
• Prepare and update weekly and monthly cost reports, financial status reports, dashboards, spreadsheets, management reports, and project-review presentations.
• Maintain program-level cash-flow forecasts using historical data and trends to support accurate planning and forecasting.
• Track labor, subconsultant, consultant, and other project-related costs, including actuals, commitments, expenditures, and forecasts.
• Review subcontractor and consultant payment applications and coordinate monthly invoicing activities.
• Support billing and collection activities, including invoice preparation and stakeholder coordination.
• Maintain purchase-order, contract, change-order, issue, and cost-control trackers.
• Participate in monthly and quarterly project reviews and support the project team in explaining cost variances and preparing justifications.
• Support the Project Director in reviewing and finalizing the business plan.

What Required Skills You'll Bring

• CAF/ACCA qualification or a bachelor's degree in Finance or a related field; equivalent relevant experience may also be considered.
• Minimum of 10 years of experience in project finance, cost control, or a related project-support role.
• Strong knowledge of cost control, budgeting, forecasting, invoicing, financial reporting, change management, commitments, actual costs, labor costs, and cost reporting.
• Advanced Microsoft Excel skills, including formulas, lookups, PivotTables, and charts.
• Proficiency in the Microsoft Office suite.
• Basic working knowledge of Power BI.
• Strong analytical, data-reconciliation, organizational, and attention-to-detail skills.
• Excellent English communication and presentation skills.
• Effective stakeholder-management and cross-functional coordination skills.
• Ability to follow established procedures, meet reporting deadlines, and work effectively with Project Managers, project teams, design discipline leads, and Project Controls personnel.

What Desired Skills You'll Bring

• Strong practical understanding of Earned Value Management (EVM) and project performance measurement.
• Experience developing and maintaining project budgets, forecasts, and cash-flow projections.
• Experience supporting project reviews and preparing management-level cost reports and dashboards.
• Ability to identify, analyze, and clearly communicate cost and forecast variances.
• Strong coordination skills when working with project management, finance, consultants, subcontractors, and other project stakeholders.

Competitive Benefit Offerings

• Competitive pay and retirement plans.
• Paid time off and paid flexible holidays.
• Comprehensive training, educational and mentorship programs.
• Industry-leading benefits to support veterans and active-duty members, including paid active-duty military leave and paid time off when transitioning back to civilian life.
• Wellness program including weekly Meditation Mondays and Wellness Wednesdays.
• Employee Assistance Program and comprehensive medical, dental and vision plans through large, national carriers with regional PPO, HDHP, or HMO networks.

About Parsons