Principal Project Controls Eng - Cost (Newark, NJ, US) - PSEG
Newark, NJ
About the Job
Requisition: 79974
PSEG Company: PSEG Services Corp.
Salary Range: $ 101,600 - $ 160,900
Incentive: PIP 15%
Work Location Category: Hybrid
PSEG operates under a Flexible Work Model where flexible work is offered when job requirements allow. In support of this model, roles have been categorized into one of four work location categories: onsite roles, hybrid roles that are a blend of onsite and remote work, remote local roles that are primarily home-based but require some level of purpose-driven in-person interaction and living within a commutable distance, and remote non-local roles that can be effectively performed remotely with the ability to work in approved states.
We want you to be healthy, balanced, and feel secure. That’s why you’ll enjoy a comprehensive range of benefits, with a focus on supporting your whole health. Starting on day one of your employment, you’ll be offered several health-related benefits including medical, vision, dental, and well-being and behavioral health programs. We also offer a retirement program, 401(k) with company match, company paid life insurance, tuition reimbursement and a minimum of 18 days of paid time off per year.
PSEG offers a unique experience to our more than 12,000 employees – we provide the resources and opportunities for career development that come with being a Fortune 500 company, as well as the attention, camaraderie and care for one another you might typically associate with a small business. Our focus on combatting climate change through clean energy technology, our new net zero climate vision for 2030 and enhanced commitment to diversity, equity and inclusion; and supporting the communities we serve make this a particularly exciting time to join PSEG.
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. The candidate in this role will utilize their expertise to offer technical/analytical and functional support in the area of project controls. 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. Observe and guide Project team members to ensure adherence to PSEG Policies and Procedures regarding accounting and cost tracking. The Principal Prj Controls Eng – Cost will report directly to Manager Project Controls IT EMPO .
Job 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
Job Specific Qualifications
Required:
• Bachelor degree in Business, Engineering, Environmental, Construction, 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
Minimum Years of Experience
Education
Certifications
Disclaimer
Certain positions at the Company may require you to have access to Part 810-Controlled Information. Under the law, the Company is limited in who it can share this information with and in certain circumstances it is necessary to obtain specific authorization before the Company can share this information. Accordingly, if the position does require access to this information, you must complete a 10 CFR Part 810 Export Control Compliance Nationality Request Form, a copy of which will be provided to you by Talent Acquisition if an offer is made. If there is a need for specific authorization, due to the time it takes to obtain authorization from the government, we will likely not be able to further proceed with an offer.
PSEG is an equal opportunity employer, dedicated to a policy of non-discrimination in employment, including the hiring process, based on any legally protected characteristic. Legally protected characteristics include race, color, religion, national origin, sex, age, marital status, sexual orientation, disability or veteran status or any other characteristic protected by federal, state, or local law in locations where PSEG employs individuals.
As an employee of PSEG you should be aware that during storm restoration efforts, you may be required to perform functions outside of your routine duties and on a schedule that may be different from normal operations.
For all roles, PSEG’s drug and alcohol testing program includes pre-employment testing, testing for cause, and post-incident/accident testing. For employees in federally regulated roles (including positions covered by USDOT, PHMSA, or NRC regulations), this also includes random testing. Although numerous states throughout the country have legalized marijuana/cannabis products recreationally and/or medically, it is prohibited for employees in federally regulated roles. Employees who are hired or transfer into a federally regulated role are subject to drug and alcohol testing, inclusive of marijuana. Please note that the use of CBD products may result in a positive drug test for THC/Marijuana and such use is not a legitimate medical explanation for such a positive result.
PSEG employees must apply for jobs internally through emPower which can be accessed through sharepoint.pseg.com by clicking on the emPower icon, then selecting careers. This site is strictly for candidates who are not currently PSEG employees, with the exception of PSEG employees who do not have company email addresses.
PSEG is committed to providing reasonable accommodations to individuals with disabilities. If you have a disability and need assistance applying for a position, please call 973-430-3845 or email accommodations@pseg.com.
If you need to request a reasonable accommodation to perform the essential functions of the job, email accommodations@pseg.com. Any information provided regarding a disability will be kept strictly confidential and will not be shared with anyone involved in making a hiring decision.
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