Job Information
McDermott Senior Cost Controls Specialist in Houston, Texas
Company Overview:
People power our future. That is why advancing a dynamic, inclusive environment, where everyone grows and thrives is critically important to 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 offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.
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.
Here, what you do matters.
Job Overview:
The Senior Cost Controls Specialist uses best practices and knowledge of internal or external issues to improve the costing discipline within McDermott. Experience in the offshore industry, particularly subsea, offshore and floating facilities. With minimal supervision, the Senior Cost Specialist is responsible for applying Cost Control procedures, best practices, and analysis to any size or type of project. The role will work closely with the Project Management Team and report to Project Controls Manager.
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 or
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
A basic understanding of JD Edwards is a plus
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At McDermott, we proudly work together to create and deliver innovative engineering and construction solutions for the energy industry. Our customers trust our technology-driven approach to design and build infrastructure solutions to responsibly transport and transform natural resources into the products the world needs today. Because we’re powered by the most innovative minds, we rise to every challenge to make what was once just an idea a reality.
McDermott is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, genetic information, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.