Senior Cost Controls Specialist
edsv.fa.us2.oraclecloud.com/CX · Houston, Texas, United States
We are currently exploring potential candidates for an upcoming role at McDermott. While this position is not yet open for active recruitment, we want to connect with talented individuals who may be interested in future projects withs us. If you are passionate about building energy's future and want to be considered when this role becomes available, we encourage you to submit your details.
Job Overview:
The Senior Cost Controls Specialist uses best practices and knowledge of internal and external cost control processes to support the successful delivery of large-scale, complex EPC projects. They are responsible for implementing and maintaining cost control systems, preparing accurate forecasts and reports, analyzing project performance, and supporting change management activities. The role collaborates closely with Project Management, Finance, Procurement, Construction, and other project stakeholders to ensure effective cost monitoring and reporting throughout the project lifecycle.
Key Tasks and Responsibilities:
• Understand constructability concepts, project execution workflows, and interdependencies between Engineering, Procurement, Fabrication, Construction, and Commissioning activities
• Understand and apply contractual requirements and support implementation through the Project Controls Execution Plan
• Set up and maintain project cost control systems, tools, and reporting processes
• Support the development and maintenance of project budgets, control budgets, and cost baselines
• Prepare and maintain periodic cost reports, cost forecasts, variance analyses, trend reports, and management summaries
• Analyze actual, committed, and forecast costs and identify potential risks, opportunities, and performance concerns
• Prepare and maintain monthly project forecasts and Estimate at Completion (EAC) assessments
• Analyze cost performance and productivity metrics and recommend corrective actions when necessary
• Support earned value analysis and performance measurement activities
• Set up and maintain progress measurement systems to support forecasting and cost performance reporting
• Monitor scope changes, trends, and variations and assess associated cost and schedule impacts
• Support change management activities, including preparation of cost estimates, evaluation of change requests, and implementation of approved contract amendments
• Assist in proposal development, project kickoff activities, and commercial review processes
• Support Finance in the preparation of project cash flow forecasts, accruals, cost spreads, and financial reporting requirements
• Support Subcontract Management in validating subcontractor progress, earned value, and invoice applications
• Ensure cost coding structures are properly implemented and consistently applied across the project
• Ensure compliance with McDermott project controls procedures, systems, and reporting requirements
• Recommend solutions and recovery plans for identified cost or performance issues
• Provide guidance and knowledge sharing to junior Cost Controls Specialists
• Perform other related duties as assigned
Essential Qualifications and Education:
• Bachelor's Degree in Engineering, Construction Management, Finance, Business, Accounting, or a related discipline
• Typically requires 7+ years of experience in cost control, project controls, project accounting, or related disciplines supporting large-scale, complex EPC projects
• Good understanding of cost management, forecasting, budgeting, change management, and project controls principles
• Ability to understand project scope, schedule, cost, progress, and their interrelationships
• Strong analytical, problem-solving, and coordination skills
• Demonstrated ability to manage multiple priorities and meet deadlines in a fast-paced project environment
• Demonstrated effectiveness working within multidisciplinary project teams
• Good working knowledge of estimating, scheduling, accounting, procurement, and commercial interfaces
• Proficiency in Microsoft Office applications, particularly Excel
• Experience with ERP systems such as JD Edwards is preferred
• Experience with project controls and cost management software is an advantage
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