At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible.
Job Description:
Job Description:
Parsons is looking for an amazingly talented Project Control Principal Analyst to join our team! In this role you will get to support a variety of contract types within the organization! This role offers opportunities to grow within the organization and gain exposure to complex projects and cross-functional collaboration.
What You'll Be Doing:
• Cost Control Systems: Assist in developing and managing cost control systems to provide project and company management with accurate and timely financial information.
• Project Planning & Reporting: Perform all aspects of planning, tracking, analysis, and reporting for projects of varying contract types, sizes, complexities, and risk levels, ensuring compliance with financial policies and procedures for FFP, CPFF, and T&M contracts.
• Work Breakdown Structure (WBS): Facilitate the development of WBS by collaborating with Program Management, Procurement, and Finance Departments.
• Data Analysis: Conduct independent analysis of data stored in project management and cost control systems; create presentations using graphs, diagrams, and other visual aids to illustrate cost status.
• Variance & Change Management: Forecast and identify variances from project plans and pricing; manage change orders; provide financial analysis to Project Leads; take proactive steps to manage project cost, schedule, and performance.
• Financial Modeling: Develop and maintain revenue recognition models, EACs, Estimates-to-Complete (ETCs), burn rate analyses, and related cost analyses using advanced Excel-based financial modeling.
• Budget Management: Work alongside Project Leads to maintain project budgets, including monthly budgeted vs. actual cost analysis; identify and communicate risks such as cost overruns, underspending, and vacancy issues.
• Subcontract & Purchase Order Management: Perform subcontract and purchase order management activities, including preparing purchase requisitions, processing invoices, and preparing accruals for projects.
• Ad Hoc Reporting: Generate ad hoc reports to support project performance analysis and decision-making.
• Financial Analysis: Demonstrate analytical abilities by obtaining financial report information to help projects understand their performance and transactions.
• Management: Manager to 1-2 team members with potential for more
• Other Duties: Perform other duties as assigned.
What Required Skills You'll Bring:
- Bachelor’s degree in Business, Accounting, Finance, or a related field and typically 10+ years of related work experience.
- 3–5 years of experience in government contract financial management.
- Familiarity with various contract types, subcontracts, or grants, including Cost Reimbursable contracts (CPFF), Firm Fixed Price (FFP), and Time and Material (T&M) contracts.
- US Citizen
- Strong analytical and problem-solving skills with the ability to work comfortably with budgets and collaborate across multiple departments.
- General understanding of government contracting indirect rate structures and procedures.
- Excellent communication and interpersonal skills.
- Exceptional attention to detail and organizational abilities.
- Advanced proficiency in Microsoft Excel, including financial modeling and data analysis.
- Proficiency in Microsoft Word, Microsoft Office Suite, and project management tools.
- Experience with Deltek Costpoint and Cognos Reporting environments preferred.
What Desired Skills You'll Bring:
- Secret Clearance preferred
- Basic understanding of federal government contracting principles, including familiarity with FAR (Federal Acquisition Regulation) and DFARS (Defense Federal Acquisition Regulation Supplement), with a willingness to deepen knowledge.
- Familiarity with reviewing and verifying travel expenses for compliance with federal travel regulations (e.g., Joint Travel Regulations or Federal Travel Regulation), ensuring accuracy and adherence to policies.
- Ability to learn and apply new software, tools, and systems relevant to project controls, federal compliance, and financial management.
- Foundational knowledge of federal contract types such as Cost Reimbursable (CPFF), Firm Fixed Price (FFP), and Time and Material (T&M), and the ability to assist in tracking and managing these contracts.
Security Clearance Requirement:
NoneThis position is part of our Corporate team.For over 80 years, Parsons Corporation, has shaped the future of the defense, intelligence, and critical infrastructure markets. Our employees work in a close-knit team environment to find new, innovative ways to deliver smart solutions that are used and valued by customers around the world. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, transportation, smart cities, and more, we're providing tomorrow's solutions today.Salary Range: $103,500.00 - $181,100.00We value our employees and want our employees to take care of their overall wellbeing, which is why we offer best-in-class benefits such as medical, dental, vision, paid time off, Employee Stock Ownership Plan (ESOP), 401(k), life insurance, flexible work schedules, and holidays to fit your busy lifestyle!This position will be posted for a minimum of 3 days and will continue to be posted for an average of 30 days until a qualified applicant is selected or the position has been cancelled.Parsons is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status or any other protected status.We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.
Skills Required
- Bachelor's degree in Business, Accounting, Finance, or related field with typically 10+ years related experience
- 3-5 years of government contract financial management experience
- US Citizen
- Familiarity with Cost Reimbursable (CPFF), Firm Fixed Price (FFP), and Time & Material (T&M) contract types
- Advanced proficiency in Microsoft Excel including financial modeling and data analysis
- Proficiency in Microsoft Word, Microsoft Office Suite, and project management tools
- General understanding of government contracting indirect rate structures and procedures
- Strong analytical and problem-solving skills; ability to work with budgets and cross-functional teams
- Excellent communication and interpersonal skills
- Exceptional attention to detail and organizational abilities
- Experience with Deltek Costpoint and Cognos Reporting environments
- Secret security clearance
- Basic understanding of FAR and DFARS and federal travel regulations (preferred)
- Ability to learn and apply new software, tools, and systems
Parsons Corporation Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Parsons Corporation and has not been reviewed or approved by Parsons Corporation.
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Retirement Support — Retirement programs are framed as a major value driver, with an ESOP alongside a 401(k) match and additional stock-purchase options contributing meaningfully to total rewards. This structure is positioned as especially attractive for employees who value long-term wealth-building over immediate cash.
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Healthcare Strength — Health coverage is described as broad and choice-rich, with multiple plan types (PPO, HDHP, and some HMO networks) plus dental, vision, EAP, and wellness resources. The availability of different plan designs and national-carrier coverage supports varied employee needs.
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Leave & Time Off Breadth — Time-off offerings are portrayed as competitive, including PTO, holidays, flexible schedules such as a 9/80 option for eligible roles, and floating holidays in the U.S. Paid parental leave of 160 hours is also highlighted as a meaningful component of the overall package.
Parsons Corporation Insights
What We Do
Parsons is a digitally enabled solutions provider with a focus on making the world safer, smarter, healthier, more sustainable, and more connected. Founded in 1944, Parsons primarily serves the defense, security, and infrastructure markets. Uniquely qualified to deliver cyber/converged security, technology-based intellectual property, and other innovative services, the corporation delivers state-of-the-art solutions to federal, regional, and local government agencies as well as to private industrial customers worldwide. Parsons has a reputation for inclusion and diversity and has been named to the Ethisphere Institute’s list of World’s Most Ethical Companies for 10 consecutive years. Parsons facilitates a culture of innovation by encouraging collaboration among its employees and providing opportunities for career growth. With offices around the globe, people of varied talents and backgrounds, and a wide range of exciting projects, the possibilities at Parsons are endless. For more about Parsons, visit www.parsons.com. Mission: Delivering innovative infrastructure, defense, and security solutions to enable a more sustainable, safer, smarter, and more connected world.
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