Project Controls Specialist III

Element Consulting, Inc.; Los Angeles (CA); On-site; USD 105,000 - 125,000; Full time

Job summary

Element Consulting, a leading construction management firm, seeks a Project Controls Specialist with 5-10 years' experience to manage project budgets, conduct financial analyses, and collaborate with project managers. This full-time role in Los Angeles offers a competitive salary range of $105K-$125K based on qualifications. The ideal candidate will bring expertise in cost management practices and excel in a fast-paced environment.

Qualifications

• 5-10 years’ experience in program and/or project controls.
• Experience working through the entire project life cycle.
• Knowledge of cost/schedule management and forecasting.

Responsibilities

• Manage project budgets and financial forecasts.
• Collaborate with project managers for funding.
• Conduct analysis of cost variances and performance data.

Skills

Communication

Cost Management

Schedule Management

Change Management

Risk Assessment

Education

BS/BA Degree in Engineering, Construction Management, Business or related degree

Tools

Excel

Proliance

Deltek Costpoint

Job description

15 hours ago Be among the first 25 applicants

• 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
  
  

Minimum Required Qualifications:

• 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
  
  

Preferred Qualifications:

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

Position Description:

• 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
  
  

Salary dependent on education and experience. Salary range: $105K-$125K

Why Choose Element Consulting?

Element Consulting is a construction management company dedicated to providing clients with responsible and innovative solutions to their project needs, from inception to completion. Based out of El Segundo, CA, the firm offers program, project, and construction management services. We invite you to join us in 'Bringing the Right Elements Together for Our Clients' Success.'

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Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Project Management and Information Technology

• Industries

  Internet Publishing

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