Principal Project Controls Engineer

3 weeks ago

Newark, Delaware, United States PSEG 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.

The 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, or 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.

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