Project Controls Specialist III

Duties

• Maintain and manage the accuracy and integrity of project budgets and financial forecasts, ensuring compliance with established cost management procedures and policies.
• Collaborate with Project and Construction Managers in drafting white papers for project establishment, re-baselining, and securing funding for capital projects.
• Participate in monthly Estimate at Completion (EAC) reviews, collaborating with the Project Management Office (PMO) to provide in-depth variance analysis and identify underlying causes.
• Allocate and manage Estimates to Complete (ETCs) for projects, including but not limited to change order proposals, task order requests, online vendor portal requests, and PBAs to ensure continued alignment with financial objectives.
• Participate in the change management and risk assessment meetings to analyze cost-related trends, risks, and exposures, contributing to proactive cost mitigation strategies.
• Conduct detailed analysis of cost variances, performance data, and trends to identify potential impacts on budgets, recommending corrective actions where necessary, ensuring financial data aligns with project goals.
• Perform monthly reconciliation of budget & costs to ensure month-end data reporting accuracy
• Track and analyze trends in project costs and the effectiveness of mitigation plans, comparing these against actual performance and forecasts.
• Review project budgets and expenditures across multiple funding sources to ensure alignment with overall financial goals and objectives.
• Work with scheduling teams to assess the impact of cash flow and schedule performance on project costs, identifying variances, cost overruns or underruns, and potential forecasting issues.
• Review and analyze financial reports, cost performance, and progress data to ensure accuracy, providing insights into potential financial risks on a regular and/or as needed basis.
• Examine staffing plans to identify resource demand peaks and recommend cost-effective strategies to level resources and reduce unnecessary financial strain.
• Auxiliary duties or special projects as needed to support cost management initiatives and overall project success.

Requirements

• Minimum of 5+ years experience professional experience in program and/or project controls on a construction program.
• BS/BA Degree in Engineering, Construction Management, Business or related degree.
• Additional qualifying experience in excess to the minimum stated above may be substituted for the required education on a year for year basis.
• Experience working through the entire project life cycle
• Knowledge of theories, principles and practices of cost/schedule management, earned value management, change management, forecasting, and risk assessment
• Exceptional communication skills required
• Ability to adapt to changing requirements and situations
• Ability to work in a fast-paced environment
• Ability to work as part of a team
• Ability to perform in a business environment, maintaining professionalism in all communications and demeanor

Preferred Qualifications

• Experience utilizing Microsoft Office, Advanced Excel Skills, Proliance, E-Builder Data-Warehouse or other systems used by a large capital program, and any educational facility experience.