Principal Cost Controls Specialist

Mcdermott International; Greater London; Hybrid; GBP 95,000 - 160,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

McDermott International in the United Kingdom is seeking a Principal Cost Controls Specialist to lead the cost team on a large EPC LNG project, develop the WBS, implement project controls, and ensure the accuracy of cost reports.

You will drive cost forecasting, risk analysis, and change management while mentoring junior staff. A hybrid work setup is offered with potential international project exposure.

Qualifications

• Bachelor's degree or higher in a relevant field as preferred.
• 10+ years experience in Project Controls on mega EPC LNG/Oil & Gas projects.
• Strong knowledge of EVM, scheduling, risk analysis and change management.
• Experience applying cost controls on large-scale EPC projects.

Responsibilities

• Lead the project cost team on a large EPC LNG project.
• Support the development of the Work Breakdown Structure (WBS).
• Implement project controls plans and cost systems.
• Ensure accuracy of project cost reports.
• Lead cost forecasting, trend analysis and recovery plans.
• Mentor junior personnel in cost reporting and change management.
• Lead weekly/monthly cost and schedule reviews.
• Develop cost spreads and cash flows.

Skills

EVM

Project planning

Risk analysis

Change management

Cost management

Education

Bachelor’s Degree in Business, Finance, Engineering, or Construction Management

Tools

JDE Edwards

Job description

Job Overview

The Principal Cost Controls Specialist interprets internal or external business issues and recommends best practices to improve cost and schedule. They will be tasked with solving complex cost management problems and will work independently with minimal guidance. The Principal Cost Controls Specialist may be required to guide junior personnel. As such, they must have in-depth expertise in costing and broad knowledge of the costing discipline within the project controls function.

Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably. For more than 100 years, we’ve been making the impossible possible. Today, we’re driving the energy transition with more than 30,000 of the brightest minds across 54 countries.

Essential Qualifications and Education

• Bachelor’s Degree in Business, Finance, Engineering, or Construction Management is preferred


• Ten plus (10+) years of experience in Project Controls


• Must have experience in a large-scale mega EPC projectS in Oil & Gas Construction


• Highly competent in the use of critical project management concepts such as EVM, project planning, risk analysis, and change management)


• Experienced in Cost with a focus on Cost, Risk and Change Management


• Basic understanding of JDE Edwards is a plus#LI-LJ1#LI-HYBRID

Key Tasks and Responsibilities

• Lead the project cost team on a large EPC LNG project


• Support the development of the Work Breakdown Structure (WBS)


• Implement internal and contractual requirements on the project via the project controls execution plan


• Lead setup and implementation of project cost systems


• Responsible for the accuracy of project cost reports


• Analyze and interpret cost forecasting and trending


• Recommends solutions or recovery plans for problem areas


• Lead preparation and review of the project monthly forecast


• Lead the development of the cost spread and cash flows


• Supervise and train junior personnel in all aspects of cost reporting


• Implement and support the Change Management process


• Lead change management efforts, including building of cost estimates


• Lead project cost reviews conducted with management


• Support the development and implementation of the Project Risk and Opportunity process


• Participate or lead the weekly and monthly cost and schedule review meetings


• Create Weekly / Monthly / Quarterly Reports


• Assist in resource planning, recruiting, mentoring, and evaluations

Full time

Posting Date: 2026-06-22