Senior Cost Controls Specialist

Job description

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. Salary Range: $142,856 - $180,599. The range provided is for contracted hours only. In addition, McDermott offers a competitive total rewards package, including project up-lift and bonuses.

Responsibilities 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

Qualifications 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 Cost role

- Good knowledge of MS Office with advanced Excel spreadsheet skills

- Experience with cost trend analysis, variance analysis and forecasting

- 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

- Good communication skills and ability to demonstrated effectiveness in working with others in a multifunctional team and with leadership

- Has good working knowledge and understanding of cost, schedule, estimating, and accounting interfaces

- A basic understanding of JD Edwards is a plus

Preferred Qualifications and Education:

- A basic understanding of JD Edwards is a plus

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