Principal Project Controls Engineer

3 weeks ago

Newark, Delaware, United States Public Service Enterprise Group Inc Full time

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.

This role will utilize 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.

Key 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

Requirements:

  • 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

About PSEG:

PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic.

Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.

PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow.

We want you to be healthy, balanced, and feel secure. That's why you'll enjoy a comprehensive range of benefits, with a focus on supporting your whole health.

Starting on day one of your employment, you'll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs.

We also offer a retirement program, 401(k) with company match, company paid life insurance, tuition reimbursement and a minimum of 18 days of paid time off per year.

PSEG offers a unique experience to our more than 12,000 employees - we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business.

Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.

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