Cost Controls Specialist

Job Description

The Cost Controls Specialist applies their conceptual knowledge of cost management and with limited supervision and guidance, is responsible for cost analysis, development of possible solutions using standard procedures, and critical thinking. The Cost Controls Specialist understands company processes and key business drivers to problem solve using technical experience, judgment, and industry best practices.

Assist in the development and implementation of the project controls execution planAssist in project controls system setup and project initiation requirementsParticipate in the implementation of the project OBS, WBS, and CBS in required financial and progress systemsUnderstand and follow McDermott's Cost and Progress proceduresDemonstrate understanding of Earned Value Management principlesBasic knowledge of EPC contracting types (LS, Cost Plus, Reimbursable, Unit Rate, etc.)Awareness of contract and construction terminologyAssist in Estimate ConformingUnderstand the project chart of accounts and its relationship to the estimate and contract scopeAssist in the development and preparation of the forecast system and cost reportsAssist with invoicing and support project accounting with cost to billings reconciliations as requiredUnderstand project trends and their relationship to the forecast (ie PFs, trends, commitments, labor mix, etc.)Assist change management efforts, including building of cost estimates in support of change verificationAssist in the setup and maintenance of the progress measurement systemQuantity surveying personnel will be required to assist in the effort to audit Issued For Construction (IFC) quantity take-offs and reported installed quantities Any discrepancy in the reported quantities would need to be resolved Ensure IFC quantity take-offs are tied to turnover systemsAssist with the implementation of the global rules of credit and maintenance of the progress measurement system on the projectAbility to generate spreadsheet analysis tools for management review of progressReporting – Provide Timely and accurate Cost and Progress Measurement DataBasic understanding of Scheduling Software and processes and their relationship to cost and progressParticipate in Closeout Report data collectionSupport the professional development and growth of junior project controls personnel

Bachelor’s degree in Business, Finance, Engineering, Construction Management, or related fields or2 - 5 years of relevant experience working for an EPCMust know about earned value systems Problem-solving Attitude and high level of coordination skillsDemonstrated effectiveness in prioritizing multiple tasks and managing efforts to meet deadlinesDemonstrated effectiveness in working with others in a multifunctional teamAccepts change and works well under pressureUnderstanding of JDE Edwards is not required but would be a plusKnowledge of common business tools such as Microsoft Office applications

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.