Project Controls Specialist III

Element Consulting•Monterey Park, CA

2d•Onsite

About The Position

Element Consulting is seeking a Project Controls Specialist III to join their team. This role involves maintaining the accuracy and integrity of project budgets and financial forecasts, ensuring compliance with cost management procedures. The specialist will collaborate with Project and Construction Managers on various financial aspects of capital projects, including drafting white papers, participating in Estimate at Completion (EAC) reviews, and managing Estimates to Complete (ETCs). Responsibilities include analyzing cost variances, tracking trends, reconciling budgets, and reviewing financial reports to identify potential risks. The role also involves examining staffing plans for cost-effectiveness, assisting with contract amendments and change orders, and ensuring compliance with BuildLACCD policies. The specialist will generate financial reports, serve as a contact for financial information requests, administer documentation processing into cost management systems, and manage reconciliation of project control data. Additionally, they will oversee the review and approval of contractor and consultant payment applications, assist in assembling contract-related documentation, and gather physical completion data to adjust budgets and forecasts. The position offers the opportunity to take on additional duties and special projects to support cost management initiatives.

Requirements

5 - 10 years’ experience professional experience in program and/or project controls on a construction program.
BS/BA Degree in Engineering, Construction Management, Business or related degree. Additional qualifying experience in excess to the minimum stated above may be substituted for the required education on a year for year basis.
Experience working through the entire project life cycle
Knowledge of theories, principles and practices of cost/schedule management, earned value management, change management, forecasting, and risk assessment
Ability to present data to management in an organized manner
Exceptional communication skills required
Ability to adapt to changing requirements and situations
Ability to work in a fast-paced environment
Ability to work as part of a team
Ability to perform in a business environment, maintaining professionalism in all communications and demeanor

Nice To Haves

Experience utilizing Microsoft Office, Advanced Excel Skills, Proliance, Data-Warehouse or other systems used by a large capital program, and any educational facility experience.

Responsibilities

Maintain and manage the accuracy and integrity of project budgets and financial forecasts, ensuring compliance with established cost management procedures and policies.
Collaborate with Project and Construction Managers in drafting white papers for project establishment, re-baselining, and securing funding for capital projects.
Participate in monthly Estimate at Completion (EAC) reviews, collaborating with the Project Management Office (PMO) to provide in-depth variance analysis and identify underlying causes.
Allocate and manage Estimates to Complete (ETCs) for projects, including but not limited to change order proposals, task order requests, online vendor portal requests, and PBAs to ensure continued alignment with financial objectives.
Participate in the change management and risk assessment meetings to analyze cost-related trends, risks, and exposures, contributing to proactive cost mitigation strategies.
Conduct detailed analysis of cost variances, performance data, and trends to identify potential impacts on budgets, recommending corrective actions where necessary, ensuring financial data aligns with project goals.
Perform monthly reconciliation of budget & costs to ensure month-end data reporting accuracy.
Track and analyze trends in project costs and the effectiveness of mitigation plans, comparing these against actual performance and forecasts.
Review project budgets and expenditures across multiple funding sources to ensure alignment with overall financial goals and objectives.
Work with scheduling teams to assess the impact of cash flow and schedule performance on project costs, identifying variances, cost overruns or underruns, and potential forecasting issues.
Review and analyze financial reports, cost performance, and progress data to ensure accuracy, providing insights into potential financial risks on a regular and/or as needed basis.
Examine staffing plans to identify resource demand peaks and recommend cost-effective strategies to level resources and reduce unnecessary financial strain.
Assist in preparation and validation of contract amendment exhibits, task order requests, and change orders, PBAs for proper budget allocation, cost coding accuracy, and adherence to reporting and financial standards ensuring alignment with project budget and cost tracking procedures.
Ensure compliance with BuildLACCD policies and procedures regarding cost management for capital projects with multiple funding sources.
Generate detailed financial and budget reports for campus-specific budgeting, cost control, auditing, and asset tracking using systems like Proliance, Deltek Costpoint, and other standard office program & applications.
Create and deliver tailored financial, budget, and schedule reports in response to directives from the College Project Director (CPD) and other stakeholders.
Serve as the primary contact for College financial information requests from CPLT and the PMO, providing timely and accurate budget and cost details.
Administer the processing of budget transfers, financial closeouts, contract requests, purchase requisitions, amendments, PBAs, change orders and other necessary documentation into the cost management systems.
Collaborate with the PMO to validate and collect project budget data, contributing to the development of accurate dashboard reports for stakeholders.
Manage and reconcile project control data, ensuring accuracy in program control databases and related financial reports.
Oversee the review and approval process for contractor and consultant payment applications, ensuring financial accuracy and compliance.
Assist in assembling contract requests, purchase requisitions, amendments, PBAs, and change orders, ensuring proper accounting treatment and alignment of supporting documents.
Assist in gathering physical completion data and perform necessary data entry to adjust project budgets and forecasts accordingly.
Take on additional duties or special projects as needed to support cost management initiatives and overall project success.