Sr Cost Controls Specialist_Canada

McDermott International, Ltd; Squamish; On-site; CAD 110,000 - 139,000; Full time

Job summary

McDermott International, Ltd is seeking a Senior Cost Controls Specialist to strengthen cost and progress management across projects in Canada. You will apply best practices, solve complex problems, and mentor colleagues.

You will set up project controls systems, forecast monthly, assist cash flows, monitor cost coding, and support change management and subcontract management. The role demands initiative and thorough understanding of cost disciplines.

Qualifications

• 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 working with others in a multifunctional team.

Responsibilities

• Understand constructability concepts and interdependencies between Engineering, Procurement, Fabrication, and Construction.
• Apply contractual requirements and project controls execution plans.
• Set up and maintain project controls reports and progress measurement system.
• Analyze cost forecasting and provide recovery plans for problem areas.
• Prepare Project Forecast monthly and support cash flow preparation.
• Support Change Management processes and subcontract management verification of progress.

Skills

Problem solving

Coordination skills

MS Office

Education

Bachelor's degree in Business, Finance, Engineering, Construction Management, or related fields

Tools

JD Edwards

Job description

The Senior Cost Controls Specialist applies in-depth knowledge, experience, and best practices in cost and progress management. They are responsible for solving complex cost management problems and work independently with minimal guidance.

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.

Base Salary Range

$109,500 CAD – 138,500 CAD (The range provided is for base salary only. In addition, McDermott offers a competitive total rewards package, including annual bonuses)

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


• 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

Preferred Qualifications and Education:

• A basic understanding of JD Edwards is a plus

About Us

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