Senior Cost Controls Specialist

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.

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

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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