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Cost Compliance and Internal Control Lead

Princeton University
Princeton, New Jersey
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Job Details

Cost Compliance and Internal Control Lead


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

Princeton University


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.


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


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.



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