What are the responsibilities and job description for the Principal Cost Controls Specialist position at McDermott?
Job Overview :
The Principal Cost Controls Specialist interprets internal or external business issues and recommends best practices to improve cost and schedule. They will be tasked with solving complex cost management problems and will work independently with minimal guidance. The Principal Cost Controls Specialist may be required to guide junior personnel. As such, they must have in-depth expertise in costing and broad knowledge of the costing discipline within the project controls function.
Key Tasks and Responsibilities :
Implement McDermott processes and systems on projects
Lead the project controls team on large and highly complex EPC projects
Implement constructability concepts, (the how it’s built) and related interdependencies between Engineering, Procurement, Fabrication, and Construction in support of the Advanced Work Planning (AWP) process
Support the development of the Work Breakdown Structure (WBS) on complex projects with multiple partners and compensation types
Implement internal and contractual requirements on the project via the project controls execution plan
Lead setup and implementation of project controls systems
Responsible for the accuracy of project controls reports
Analyze and interpret cost forecasting and trending
Recommends solutions or recovery plans for problem areas
Lead preparation and review of the project monthly forecast
Support the project controls team in development of the cost spread and cash flows
Participate in proposal development, commercial alignment and project kickoff processes
Supervise and train junior personnel in all aspects of cost reporting
Lead the set up and maintenance of the progress measurement system
Implement and support the Change Management process
Lead change management efforts, including building of cost estimates and apply or manage amendments to the contract
Lead project reviews conducted with the client and internal management
Support the development and implementation of the Project Risk and Opportunity process
Participate or lead the weekly and monthly cost and schedule review meetings
Manage and maintain good client relations
Actively look for areas of improvement on project and company standards
Create Weekly / Monthly / Quarterly Reports
Assist in resource planning, recruiting, mentoring, and evaluations
Essential Qualifications and Education :
Bachelor’s Degree in Business, Finance, Engineering, or Construction Management is preferred or
10 years of experience in Project Controls
Must have experience in a large-scale mega-project in Oil & Gas and Offshore Construction
Highly competent in the use of critical project management concepts such as EVM, project planning, risk analysis, and progress measurement)
Experienced in Microsoft Office applications
Project Management Professional is a plus
Understanding of Cost and Progress management systems is a plus Work independently with little or no supervision
Great communication and presentation skills, both written and spoken
Experienced in both Cost and Schedule with a focus on Cost Management
Understand the relationship between estimating, cost management, progress, schedule, and project accounting
Basic understanding of JDE Edwards is a plus
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