Modern Technology Solutions, Inc. (MTSI) is a 100% employee-owned engineering services and solutions company that provides high-demand technical expertise in Digital Transformation, Modeling and Simulation, Rapid Capability Development, Test and Evaluation, Artificial Intelligence, Autonomy, Cybersecurity and Mission Assurance.

Position Overview

The Project Control Specialist is an essential member of the project management team. They will assist the Project Manager in maintaining solid financial execution of assigned projects while enabling the PM to remain highly engaged with customer product and service delivery.

Role and Responsibilities:

Conducting financial planning and tracking execution to plan:

Tracking revenue to plan
Monitoring expenses
Conducting profit analysis
Establishing basics business plan forecasts (burn rates)
Monitor available funding, notify PM and contracts manager of limitations of funds projections.
Prepare ROMs for new contracts or additional funding to an existing contract.
Review draft MODs for accuracy prior to PM approval and Contract acceptance.

Financial risk and issue tracking:

Provide ideas and solutions to maintain project financial stability.
Ensure all working tasks have appropriate funding to reach program goals and deliverables.
Assist PM with the drafting and submission of At-Risk request forms.

Preparing reports and managing data:

Prepare monthly cost reports, cost overviews, funding status reports, labor graphs, man hour reports, and other deliverables as required by contract and project manager.
Provide customer requested reports such as accruals, incurred costs, reconciliations, etc. for submission.
Prepare and answer questions pertaining to the quarterly PMR financial reports.

Maintain Review/provide contract information to be input into Costpoint including:

Work Breakdown Structure (WBS), Project Labor Categories (PLC), funding and value updates, invoice structure, owning organization, workforce, and revenue recognition.
Maintain the project travel budget
Ensure all travel is planned, coordinated, approved, executed, and reported within the guidance and regulations set forth by the contract and the FAR
Review and approve expense reports ensuring receipts are complete, the project charge number is correct, and any prior approval has been submitted.

Project interface with Finance, Accounting and Contracts Team:

Work with PM and Project Setup to open charge codes and link employees to PLCs
Provide accrual amounts for vendor/sub invoices that do not make A/P cutoff.
Review MTSI customer invoices, coordinate approval with PM
Ensure direct costs are allocated to correct accounts and burdened correctly.
Work with Purchasing to track vendor ODC and Material purchase commitments and actuals.
Support de-obligation requests with finance and billing.

Personnel Time Management:

Review timecards throughout month to avoid timecard corrections.
Work with employees, supervisors, and payroll to complete necessary timecard corrections.

Subcontractor and Vendor Financial Management:

Review costs as booked for accuracy against project and account.
Work with Purchasing to track vendor ODC and Material purchases.
Review invoices for accuracy, work with sub and vendor to correct any errors.
Request bill holds for accounts costs requiring correction following A/P close.
Provide subcontractor and ODC booking information to accounts payable.

Business Operations:

Prepare and coordinate financial budgets, operating plans, and forecasts.
Perform program and BU level contract project performance analysis.

Requirements:

Bachelor’s degree in Business Administration, Financial Management or related field with minimum 1 year experience, 5 years' desired.
Experience in the project control, financial or business analysis/planning, preferably in the defense or government contract environment
Familiarity with Financial Management toolkits such as Deltek/Costpoint, Workday Adaptive Planning, Power BI or similar Business Intelligence system(s)
Advanced proficiency in Microsoft Office, particularly MS-Excel

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PROGRAM CONTROL SPECIALIST - 1133909174586