Senior Cost Controls Specialist

McDermott International, Ltd; Houston (TX); On-site; USD 100,000 - 150,000; Full time

Job summary

McDermott International, Ltd is seeking a Senior Cost Controls Specialist to apply deep cost management knowledge to solve complex problems and guide colleagues with less experience.

The role focuses on improving costing discipline, setting up controls systems, and producing monthly forecasts, involving collaboration with Engineering, Procurement, Fabrication, and Construction teams on a major energy project.

Qualifications

• Bachelor’s degree in Business, Finance, Engineering, Construction Management or related field.
• 7–10 years of experience in a similar cost-controls or project-controls role.
• Strong Excel skills and proficiency in MS Office.
• Able to solve complex cost-management problems with minimal guidance.

Responsibilities

• Understand constructability concepts and interdependencies between Engineering, Procurement, Fabrication and Construction.
• Apply contractual requirements via the project controls execution plan.
• Set up and maintain project controls reports and systems.
• Analyze cost forecasting, trends and committed costs vs. budget.
• Recommend recovery plans and solutions for cost issues.
• Prepare monthly Project Forecasts and monitor cost accruals.

Skills

Cost controls

Project controls

Advanced Excel

MS Office

Education

Bachelor’s degree in Business, Finance, Engineering, Construction Management

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.

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
• Monitor variations from the scope of work, capture, maintain, and assess related impacts
• 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 and Must have Advanced Excel Skills
• 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

About Us

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.