Senior Cost Controls Specialist

Job OverviewThe 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.
Job DescriptionSalary 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.
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 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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