Senior Cost Controls Specialist
Key Skills
Job Description
Job Overview:
The Senior Cost Controls Specialist uses best practices and knowledge of internal or external issues to improve the costing discipline within McDermott. They will act as a resource for colleagues with less experience and share their conceptual and practical expertise related to the cost discipline. The Senior Cost Controls Specialist solves complex problems and uses their discipline-specific knowledge to improve their products or services. The Senior Cost Controls Specialist impacts a range of customer, operational, project, or service activities.
Responsibilities
Key Tasks and Responsibilities:
- Understands constructability concepts, workflow processes (the how it’s built) & related interdependencies between Engineering, Procurement, Fabrication, and Construction
- Able to understand and apply contractual requirements and implementation on the project via the project controls execution plan
- Set up and implement project controls systems
- Set up and maintain project controls reports
- Adheres to McDermott's internal project controls processes
- Analyze and interpret cost forecasting and trending
- Recommend solutions or recovery plans for problem areas
- Prepare Project Forecast monthly
- Assist finance in preparation of the project cash flows and cost spread
- Participate in proposal development, commercial alignment, and project kickoff processes
- Train junior personnel in all aspects of cost reporting
- Monitor variations from the scope of work, capture, maintain, and assess related impacts
- Set up and maintain the progress measurement system
- Lead change management efforts, including building of cost estimates and applying or managing amendments to the contract
- Implement and support the Change Management process
- Support the Subcontract Management team in verification of progress and earned value against invoices received
- Support determining the required monthly accruals that are processed by accounts payable
- Monitor cost coding system is properly applied, and information flow is correct and complete
- Analyze committed costs and activities to date, actual vs budget, performance, and productivity
- Perform any other related duties as required
Qualifications
Essential Qualifications and Education:
- Bachelor’s degree in Business, Finance, Engineering, Construction Management, or related fields or
- 7-10 years of experience in a similar role
- Good knowledge of MS Office
- Problem-solving attitude and high level of coordination skills
- Ability to understand the project scope, schedule, and its relationship to cost and progress
- Demonstrated effectiveness in prioritizing multiple tasks, and managing efforts to meet deadlines
- Demonstrated effectiveness in working with others in a multifunctional team
- Has good working knowledge and understanding of cost, schedule, estimating, and accounting interfaces
- A basic understanding of JD Edwards is a plus
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Lutech Resources has over 25 years’ experience providing tailor made recruitment and integrated resource management to leading Engineering, Energy and Manufacturing sector companies worldwide. We set ourselves apart from others in the industry by building long term relationships with both our clients and candidates based on a mutual understanding of their targeted industry and a passion for excellence. With every engagement, our goal is to quickly place qualified talent with the best suited employer. We have a genuine understanding of candidates and clients’ needs. Along with a dynamic and effective service, we strive for positive outcomes for everyone, every time.
Core Responsibilities
The Senior Cost Controls Specialist is responsible for implementing project control systems, managing cost forecasting, and leading change management efforts. They also provide guidance to junior staff and ensure alignment between engineering, procurement, and construction activities.
Requirements
Candidates must possess a bachelor's degree in a relevant field or 7-10 years of equivalent experience in cost control. Strong analytical skills, proficiency in MS Office, and a deep understanding of project scope and cost interfaces are required.
About McDermott
Industry: Staffing and Recruiting
Company size: 201-500 employees
Lutech Resources is a global recruitment business, providing a complete and integrated scope of resource management for a wide range of leading companies within the energy sector. We advance people’s careers and enable continued growth for industries both upstream (oil & gas exploration and production, Mining, LNG) and downstream (petrochemicals and refineries). Organizations we serve require top talent, by helping them find the right managers, contractors, engineers, project managers and other high-level professionals, we play a vital role within the industry and in the careers of many. With principal locations in the United Kingdom, Netherlands, Philippines and United States, we specialize in the provision of multi-discipline engineering, project management and technical field staff. We have expanded our expertise to include power and automation, energy, utility, and manufacturing industries. From the UK and across Europe, throughout the Americas and Canada as well as the Middle East, Asia and Australia, we are active in servicing project sites across the globe. Whatever your project needs, large-small, Lutech Resources has talent, experience to support you. Here at Lutech Resources we support our talent. With our rich history, background, vast resources, and access to a wide range of strategic positions with industry leaders we can effectively serve our clients. With an extensive and growing international community of qualified specialists you will enjoy the support and stability of an experienced company that truly values its team members.