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At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what’s possible.

 

Job Description:

Parsons is now hiring a Finance Intern to support the Engineering Solutions division in the Northern Virginia area!

 What Qualifications You'll Bring:

• 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.

Key Responsibilities

1. Exposure to Full Contract Life Cycle

The intern will gain hands-on experience across all phases of the contract life cycle:

New Awards / Project Setup

• 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

Project Execution / Ongoing Financial Management

• 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

Contract Closeout

• 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

2. Project Controller Monthly Cycle Support

The intern will learn and assist with recurring monthly financial processes:

Financial Data Reconciliation

• 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

Timekeeping & Labor Review

• 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

Billing Review & Approval

• 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

Unbilled Reconciliation

• 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.

3. Additional Learning Opportunities

• 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

Security Clearance Requirement:

None

This position is part of our Corporate team.

For over 80 years, Parsons Corporation, has shaped the future of the defense, intelligence, and critical infrastructure markets. Our employees work in a close-knit team environment to find new, innovative ways to deliver smart solutions that are used and valued by customers around the world. By combining unique technologies with deep domain expertise across cybersecurity, missile defense, space, connected infrastructure, transportation, smart cities, and more, we're providing tomorrow's solutions today.

Salary Range: $19.86 - $34.76

We value our employees and want our employees to take care of their overall wellbeing, which is why we offer best-in-class benefits such as 401K!

Parsons is an equal opportunity employer, and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, veteran status or any other protected status.

We truly invest and care about our employee’s wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest—APPLY TODAY!

Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to https://www.parsons.com/fraudulent-recruitment/.