Senior Project​/Cost Controls Engineer; Commercial​/Internal

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Parsons is looking for an amazingly talented Senior Project / Cost Controls Engineer (Commercial/ Internal) to join our team! In this role, you will provide project controls support across cost, schedule, risk, revenue, margin, cash flow, and change management. The role establishes reliable project baselines, converts operational data into accurate forecasts and P&L insights, and supports timely risk management decisions throughout the project lifecycle.

Working closely with Project Management, Project Controls, Engineering, Procurement, Commercial, Contracts, and Finance teams, the position ensures that project performance is measured consistently, financial exposure is identified early, and corrective actions are clearly owned and tracked. The role is expected to operate with a high degree of independence while maintaining compliance with contractual requirements, internal governance, and established project controls processes.

• Budgeting and WBS Management:
  Develop and maintain project budgets, cost breakdown structures, and Work Breakdown Structures. Align budgets with scope, schedule, procurement strategy, resource plans, and contractual deliverables.
• Monthly Forecasting and P&L:
  Prepare accurate monthly forecasts, including estimate to complete (ETC), estimate at completion (EAC), revenue, gross profit, margin, cash flow, and headcount assumptions. Explain material variances against the approved budget, prior forecast, and quarterly outlook.
• Cost Monitoring and Control:
  Track commitments, actual costs, accruals, and forecast costs. Identify unfavorable trends early, quantify financial exposure, and recommend practical corrective actions to protect project performance and P&L.
• Earned Value Management:
  Apply Earned Value Management principles and other performance-measurement techniques to evaluate cost and schedule performance, test forecast reliability, and highlight emerging delivery risks.
• Revenue Recognition and Accruals:
  Support the application of the appropriate revenue-recognition method based on contract type and project status. Prepare and validate accruals, assess P&L impact, and ensure accurate and timely monthly reporting.
• Commercial and Contract Review:
  Interpret key contractual and subcontract terms affecting revenue, margin, billing, cash collection, working capital, liabilities, and risk allocation. Escalate material commercial exposure and support mitigation planning.
• Change Management:
  Identify, quantify, document, and track client and internal changes. Ensure changes are reflected in project forecasts, risk registers, budgets, schedules, and commercial records in accordance with approved governance processes.
• Risk and Contingency Management:
  Facilitate the identification and assessment of project risks and opportunities. Maintain risk registers, quantify probable cost and schedule impacts, and monitor the use and adequacy of contingency.
• Billing, Collections and Working Capital:
  Interpret payment terms, support accurate and compliant invoicing, forecast collections, monitor accounts receivable and unbilled balances, and coordinate actions to improve cash conversion and working capital.
• Planning and Scheduling:
  Interpret project schedules, progress data, critical milestones, and resource requirements. Assess the cost and commercial…