Principal Project Controls Eng - Cost

Job Summary

The Principal Project Controls Engineer - Cost is responsible for developing and managing IT related project budgets, forecasts and variances from Planning thru Project Closure including account closing for active projects within the EPMO Cost Control Team. The candidate in this role will utilize their expertise to offer technical/analytical and functional support in the area of project controls.  Candidate will work closely with other internal stakeholders engaged in the cost control process and oversee daily operation of contract staff augment resources performing cost control function.  Successful candidate will ensure projects being executed will meet the baseline schedule/cost review process and are executed with optimal use of both internal and external resources within required timeframes, as well as within budget and scope. Observe and guide Project team members to ensure adherence to PSEG Policies and Procedures regarding accounting and cost tracking. The Principal Prj Controls Eng – Cost will report directly to Manager Project Controls IT EMPO .

Job Responsibilities

• Implement standard cost best practice and processes to ensure IT projects are executed and delivered in accordance with approved client scope and budget.
• Develop, coordinate and maintain cost workbook and updates forecast for cost in alignment with schedule.
• Analyze forecast and plan variances monthly and provide project teams with recommended corrective action to meet target budget
• Recommend Project Management Information System tool enhancements to increase efficiencies.
• Enhance oversight, and increase project cost data quality
• Provide a monthly forecast for projects in accordance with scheduled work
• Notify management when project is going over budget and provide corrective actions, prepare a PCR with all supporting documentation when needed.
• Develop, coordinate and maintain status and variance reporting and executive dashboards for the project financials including performance indices such as CPI, SPI, Earned Value and other Key Performance Indices (KPIs)
• Interact with internal and external stakeholders
• Prepare monthly accruals for project financials
• Reconcile paid invoices with accruals
• Work with and manage Contractor Resources providing Cost Controller function for IT Projects, provide training and oversight
• Provide Roll-up reporting for Project Portfolio, determine root cause and corrective action recommendation for any deviance 

Job Specific Qualifications

Required:
•    Bachelor degree in Business, Engineering, Environmental, Construction,  In lieu of a degree a minimum of 12 years of experience in Business, Engineering, Environmental, Construction.
•    Minimum of 8 years’ experience with Business Financials or Project Controls (Cost and Scheduling)
•    Experience with ERP system (SAP preferred) or Project Management software (Primavera P6 preferred)
•    Demonstrated MS office skills (PowerPoint, Word, Excel)
•    Must possess a valid U. S. driver’s license and maintain a satisfactory driving record
•    Must have excellent verbal and written communication skills

Desired Skills:
•    Project Management Professional Certification (PMP)
•    Demonstrated leadership role in cost control, data management or corporate initiatives
•    Microsoft Access

Minimum Years of Experience

Education

Certifications

Disclaimer

Certain positions at the Company may require you to have access to Part 810-Controlled Information.  Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information.  Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made.  If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.