Job Information
McDermott Senior Cost Controls Specialist in London, United Kingdom
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
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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Lutech Resources has over 25 years’ experience providing tailor made recruitment and integrated resource management to leading Engineering, Energy and Manufacturing sector companies worldwide. We set ourselves apart from others in the industry by building long term relationships with both our clients and candidates based on a mutual understanding of their targeted industry and a passion for excellence. With every engagement, our goal is to quickly place qualified talent with the best suited employer. We have a genuine understanding of candidates and clients’ needs. Along with a dynamic and effective service, we strive for positive outcomes for everyone, every time.
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.