Senior Principal Cost Control Specialist

JR United Kingdom; City Of London; On-site; GBP 80,000 - 110,000; Full time

Job summary

A leading company in the energy sector seeks a Senior Principal Cost Control Specialist in the City of London. This role involves solving complex project performance problems, overseeing cost management, and ensuring compliance while actively participating in discussions with clients. The successful candidate will leverage significant experience in project controls, ideally within the oil and gas industry, to drive project success and innovation while managing risks.

Qualifications

• 12+ years of project control experience.
• Supervisory experience in a matrix environment with a contractor background.
• Strong background in the oil and gas industry.

Responsibilities

• Negotiate costs and revenues with clients and subcontractors.
• Monitor project costs and revenues.
• Lead Change Management processes.

Skills

Project Control

Negotiation

Risk Management

Education

Degree in Engineering, Construction, Business or related field

Job description

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Senior Principal Cost Control Specialist, London (City of London)

Client:

Location:

London (City of London), United Kingdom

Job Category:

Other

-

EU work permit required:

Yes

Job Views:

3

Posted:

16.06.2025

Expiry Date:

31.07.2025

Job Description:

About the Company

Our ingenuity fuels daily life. We have established trusted partnerships across the energy value chain, making ideas a reality: laying subsea infrastructure, installing offshore platforms, designing offshore wind infrastructure, and reshaping onshore landscapes for safe, sustainable energy. With over 100 years of experience and more than 30,000 employees across 54 countries, we are driving the energy transition.

About the Role

The Senior Principal Cost Controls Specialist solves complex problems affecting project performance, proactively identifies issues, and offers expertise in Cost Management within Project Controls. The role influences project direction and resource allocation, requiring innovative thinking to develop creative solutions. It is client-facing, involving regular travel to Milan.

Responsibilities

• Interpret project contracts and assist Project Director
• Contribute to Project Execution Plan
• Coordinate financial, contractual, and administrative issues with Project Accounting
• Ensure proper project setup
• Review invoices and monitor project costs and revenues
• Negotiate costs and revenues with clients and subcontractors
• Maintain Project Controls systems
• Support claims development and develop monthly EAC
• Prepare financial and contractual correspondence
• Maintain accurate records of financial and contractual matters
• Monitor key project dates
• Prepare contract supplements
• Participate in meetings on cost, progress, and contractual issues
• Lead Change Management processes
• Manage Project Risk and Opportunity Management
• Prepare project close-out report
• Oversee cost and progress functions
• Support regional and global Project Controls
• Collaborate to improve scheduling, estimating, and contracting
• Support bid efforts
• Ensure compliance with systems and processes

Qualifications

• Degree in Engineering, Construction, Business, or related field
• Minimum 12+ years of project control experience
• Supervisory experience in a matrix environment, with contractor background
• Strong background in oil and gas industry