Finance & Project Controls Intern -- Summer… at Parsons… · Centrevil…

Summary: Parsons Corporation is a leading company in the defense, intelligence, and critical infrastructure markets. They are seeking a Finance Intern to support their Engineering Solutions division, providing hands-on experience across all phases of the contract life cycle and assisting with project financial management tasks. Responsibilities: - Exposure to Full Contract Life Cycle - Assist in setting up new project structures within financial systems (WBS, charge codes, funding alignment) - Support contract review to identify key financial terms (funding, contract type, ceilings) - Help validate data entry accuracy for newly awarded contracts - Coordinate with Project Managers and Finance to ensure proper project initialization - Assist with project forecasting (revenue, cost, and funding projections) - Support variance analysis by comparing actuals vs. budget/forecast - Help identify and research cost variances and anomalies - Compile financial data for internal reporting and program reviews - Track funding and expenditures to ensure alignment with contract limits - Assist with financial reconciliations for contract closeouts - Help review project balances to ensure all costs are recorded accurately - Support de-obligation and final invoice preparation activities - Ensure documentation is complete and compliant with audit requirements - Coordinate with cross-functional teams to resolve outstanding financial items Project Controller Monthly Cycle Support - Assist with reconciling financial data between systems - Support month-end close activities, including data validation and cleanup - Help prepare journal entry support and backup documentation as needed - Assist in reviewing employee timecards for accuracy and compliance - Reconcile labor data across multiple systems - Identify and escalate discrepancies or missing entries - Support audit readiness by ensuring proper documentation of labor charges - Assist in preparing and reviewing customer invoices for accuracy and compliance - Support compilation of required documentation for invoice substantiation - Ensure billing aligns with contract terms (e.g., cost-plus, fixed price, T&M) - Coordinate with internal stakeholders to resolve billing issues prior to submission - Assist in reconciling unbilled receivables to ensure accuracy and completeness - Investigate discrepancies between incurred costs and billed amounts - Support preparation of supporting schedules for unbilled balances - Other duties, as assigned - Gain exposure to federal contracting regulations and compliance requirements (e.g., FAR, CAS) - Participate in internal financial reviews and project status meetings - Learn financial systems commonly used in government contracting environments - Assist with the reconciliation and update of new forecasting tools - Develop analytical, problem-solving, and Excel/data management skills Required Qualifications: - Students currently enrolled in a bachelor's degree program in an Accounting - Minimum GPA of 3.0 - Ability to communicate effectively both orally and in writing - Strong interpersonal, teamwork, and leadership skills - Good analytical, conceptual, and problem-solving skills to evaluate business problems and apply knowledge to identify appropriate solutions - Must be eager to learn, self-motivated, flexible, accountable and can effectively handle multiple tasks at one time - Excellent organizational and time-management skills - Detail-oriented - Proficiency in Microsoft Office, Excel, Word, Project Required Skills: Microsoft Office, Excel, Word, Financial Systems, Contract Life Cycle, Project Forecasting, Variance Analysis, Financial Data Reconciliation, Journal Entry Preparation, Timekeeping Review, Labor Data Reconciliation, Billing Review, Unbilled Receivables Reconciliation, Federal Contracting Regulations, FAR, CAS, Analytical thinking, Project Management Internship Start Date: Start in 2026 Summer Benefits: 401K