Senior Cost Controls Specialist

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

Understands constructability concepts, workflow processes and 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

Requirements

Bachelor’s degree in Business, Finance, Engineering, Construction Management, or related fields; 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; Good working knowledge and understanding of cost, schedule, estimating, and accounting interfaces; Basic understanding of JD Edwards is a plus

Nice to have

Basic understanding of JD Edwards

Benefits

Competitive total rewards package; Project up-lift; Bonuses