Cost Compliance and Internal Control Lead

Employer
Princeton University
Location
Princeton, New Jersey
Closing date
Jul 28, 2021

View more

Administrative Jobs
Institutional & Business Affairs, Assessment, Accreditation & Compliance, Business & Financial Management

Job Details


Cost Compliance and Internal Control Lead

US-NJ-Princeton

Job ID: 2021-12818
Type: Full-Time
# of Openings: 1
Category: Financial Services and Procurement

Princeton University

Overview

The Princeton Plasma Physics Laboratory is a world-class fusion energy research laboratory managed by Princeton University for the U.S. Department of Energy’s Office of Science. PPPL is dedicated to developing the scientific and technological knowledge base for fusion energy. The Laboratory advances the fields of fusion energy and plasma physics research to develop the scientific understanding and key innovations needed to realize fusion as an energy source for the world.

The Cost Compliance and Internal Controls Lead is responsible for monitoring compliance with Laboratory policies primarily in support of procurement operations, as well as analyzing financial controls. This position will continuously assess risk and evaluate best practices and efficiency opportunities.



Responsibilities

Cost Compliance:

  • Analyze and review subcontractor costs for all types of subcontracts, primarily flexibly-priced subcontracts (Time & Material, Labor Hour, and Cost Reimbursement)
  • Prepare of the annual Interim Risk Assessment for open flexibly priced subcontracts
  • Complete Cost Compliance Incurred Cost Reviews in accordance with applicable PPPL Cost Compliance policies and procedures, as follows:
  • Obtain required subcontract-related documentation from subcontractors, PPPL technical representatives, Procurement, and Accounting
  • Prepare and complete a review program for each subcontract under review, to ensure that subcontract review files are fully documented
  • Issue a Cost Compliance Review Report for each subcontract under review to include observations and recommendations
  • Provide process improvement recommendations to Accounting and Procurement based on completed Cost Compliance Reviews
  • Develop and maintain tools and procedures to ensure effective and continuous compliance of subcontract agreements
  • Foster productive relationships with Government and Laboratory stakeholders and subcontractors
  • Oversee Cost Compliance Analyst(s)

Internal Controls:

  • Prepare annual risk assessment of financial risks
  • Review control sets and business process flows with subject matter experts
  • Prepare and revise test plans for assessment of internal controls
  • Complete testing of internal controls
  • Analyze effectiveness of control sets
  • Benchmark similar organizations for risk mitigations
  • Follow up on weak or failed controls
  • Educate and oversee testers of internal controls


Qualifications

Education and Experience:

  • Individuals seeking to apply for this position require a bachelor’s degree in a business-related field and a minimum of five years of related experience.
  • Relevant experience in this area should include analyzing complex financial transactions, performing risk assessments, evaluating/testing internal controls and conducting compliance reviews.
  • Individuals should have experience with and understanding of various contract types.
Knowledge, Skills and Abilities:

• Excellent written and oral communication and diplomatic skills
• Ability to work independently
• Strong organizational and multi-tasking skills
• Basic computer skills with competence in current Microsoft Office Suites.

Princeton University is an Equal Opportunity/Affirmative Action Employer and all qualified applicants will receive consideration for employment without regard to age, race, color, religion, sex, sexual orientation, gender identity or expression, national origin, disability status, protected veteran status, or any other characteristic protected by law. EEO IS THE LAW


Please be aware that the Department of Energy (DOE) prohibits DOE employees and contractors from participation in certain foreign government talent recruitment programs. All PPPL employees are required to disclose any participation in a foreign government talent recruitment program and may be required to withdraw from such programs to remain employed under the DOE Contract.

PI137869250

Company

Princeton entrance

Princeton University is a vibrant community of scholarship and learning that stands in the nation's service and the service of humanity. As a world-renowned research university, Princeton seeks to achieve the highest levels of distinction in the discovery and transmission of knowledge and understanding. At the same time, Princeton is distinctive among research universities in its commitment to undergraduate teaching.

Princeton University facultyOpportunity and Impact

At Princeton, every member of our community plays an important role in our mission of teaching and research. That mission provides every faculty and staff member with the opportunity to make an impact bigger than oneself. Learn about working at Princeton and meet some of our wonderful employees.

 

Services and Resources

When you make a commitment to our teaching and research mission, you will have access to the University’s world-renowned resources to help you succeed at work and in life. Discover the exceptional benefits and unique opportunities we offer as part of our commitment to you.

Work-Life Integration

Life is complicated. At Princeton, we recognize that and are sensitive and responsive to the challenges our employees face. The University offers a broad array of benefits and services that help our staff in a variety of ways.

Explore Our Job OpeningsPrinceton students and prof

Whether you’re already part of our community or just getting to know us for the first time, we invite you to imagine the meaningful difference you can make while working at Princeton. For faculty member and academic professional opportunities, visit the Dean of the Faculty website. For staff member job openings and to join our Talent Network, visit our Careers website.

Connect With Us
LinkedIn
Instagram
Facebook
Snapchat
YouTube

Find Us
Location
United States

Get job alerts

Create a job alert and receive personalised job recommendations straight to your inbox.

Create alert