McDermott International

Senior Cost Controls Specialist

McDermott International • $110K — $130K *
Houston, TX 77084In-Person
Real Estate & Construction
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in business, Finance, Engineering, Construction Management, or related fields, or 7-10 years of experience in a similar role
  • Strong MS Office proficiency with advanced Excel skills
  • Problem-solving attitude with high coordination skills
  • Ability to relate project scope, schedule, and their impact on cost and progress
  • Proven ability to prioritize tasks and meet deadlines
  • Experience in collaborating with multifunctional teams
  • Understanding of cost, schedule, estimating, and accounting interfaces; JD Edwards knowledge is a plus

Responsibilities

  • Understand constructability concepts and workflow processes across disciplines
  • Apply contractual requirements via the project controls execution plan
  • Set up and implement project controls systems and maintain associated reports
  • Adhere to internal project controls processes and analyze cost forecasting
  • Recommend solutions for problem areas and prepare monthly project forecasts
  • Monitor scope variations and assess their impacts
  • Support the monthly accruals process and ensure proper application of the cost coding system

Benefits

  • Opportunity for professional development through mentorship
  • Work in a collaborative environment with multifunctional teams
  • Exposure to complex problem-solving in cost controls
  • Engagement in diverse projects enhancing practical expertise
  • Structured processes aligned with industry best practices
Full Job Description
Job Description

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.

Responsibilities

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
  • Monitor variations from the scope of work, capture, maintain, and assess related impacts
  • 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


Qualifications

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 and must have Advanced Excel skills
  • 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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About McDermott International

McDermott International, Inc. is a premier, fully integrated provider of technology, engineering and construction solutions to the energy industry. For more than a century, customers have trusted McDermott to design and build end-to-end infrastructure and technology solutions?from the wellhead to the storage tank?to transport and transform oil and gas into the products the world needs today. Our proprietary technologies, integrated expertise and comprehensive solutions deliver certainty, innovation and added value to energy projects around the world. Customers rely on McDermott to deliver certainty to the most complex projects, from concept to commissioning. Learn more at www.mcdermott.com.
Learn more about McDermott International
Size
100 employees
Industry
Energy & Utilities
NASDAQ
MDR
* Ladders Estimates

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