At a Glance
- Tasks: Lead cost management for large EPC LNG projects and guide junior team members.
- Company: Join McDermott, a leader in building energy's future.
- Benefits: Be part of exciting projects with opportunities for growth and development.
- Other info: Connect now for future opportunities and be part of innovative projects.
- Why this job: Make a real impact in the energy sector while honing your expertise.
- Qualifications: 10+ years in Project Controls with a focus on cost management.
The predicted salary is between 70000 - 90000 € per year.
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 with 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 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.
Responsibilities Key Tasks and Responsibilities:
- Lead the project cost team on a large EPC LNG project
- Support the development of the Work Breakdown Structure (WBS)
- Implement internal and contractual requirements on the project via the project controls execution plan
- Lead setup and implementation of project cost systems
- Responsible for the accuracy of project cost 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
- Lead the development of the cost spread and cash flows
- Supervise and train junior personnel in all aspects of cost reporting
- Implement and support the Change Management process
- Lead change management efforts, including building of cost estimates
- Lead project cost reviews conducted with 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
- Create Weekly / Monthly / Quarterly Reports
- Assist in resource planning, recruiting, mentoring, and evaluations
Qualifications Essential Qualifications and Education:
- Bachelor’s Degree in Business, Finance, Engineering, or Construction Management is preferred
- Ten plus (10+) years of experience in Project Controls
- Must have experience in a large-scale mega EPC project in Oil & Gas Construction
- Highly competent in the use of critical project management concepts such as EVM, project planning, risk analysis, and change management
- Experienced in Cost with a focus on Cost, Risk and Change Management
- Basic understanding of JDE Edwards is a plus
Principal Cost Controls Specialist in London employer: Lutech Resources
At McDermott, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. Our commitment to employee growth is evident through our mentorship programmes and opportunities to lead significant projects in the energy sector, particularly in the dynamic field of LNG. Joining our team means being part of a forward-thinking organisation that values your expertise and offers a platform for meaningful contributions to building the future of energy.
StudySmarter Expert Advice🤫
We think this is how you could land Principal Cost Controls Specialist in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on upcoming roles at McDermott or similar companies.
✨Tip Number 2
Stay updated on industry trends! Follow relevant news and developments in the energy sector, especially around cost controls and project management. This knowledge will not only help you in interviews but also show your passion for building energy's future.
✨Tip Number 3
Prepare for those future interviews! Brush up on your skills related to cost management, risk analysis, and change management. Practising common interview questions can give you the confidence boost you need when the role opens up.
✨Tip Number 4
Don't forget to apply through our website! When the position becomes available, make sure to submit your application directly. It shows your enthusiasm and gives you a better chance of being noticed by the hiring team.
We think you need these skills to ace Principal Cost Controls Specialist in London
Some tips for your application 🫡
Show Your Passion:When you're writing your application, let your enthusiasm for the energy sector shine through. We want to see that you're genuinely excited about the role and how you can contribute to building energy's future.
Tailor Your CV:Make sure your CV is tailored to highlight your experience in project controls and cost management. We love seeing specific examples of how you've tackled complex problems in previous roles, especially in large-scale projects.
Be Clear and Concise:Keep your application clear and to the point. We appreciate well-structured applications that make it easy for us to see your qualifications and experience without wading through unnecessary fluff.
Apply Through Our Website:Don't forget to submit your application through our website! This helps us keep everything organised and ensures your details are considered when the role opens up. We can't wait to hear from you!
How to prepare for a job interview at Lutech Resources
✨Know Your Cost Control Concepts
Make sure you brush up on key project management concepts like Earned Value Management (EVM), risk analysis, and change management. Being able to discuss these topics confidently will show that you have the expertise needed for the Principal Cost Controls Specialist role.
✨Prepare Real-World Examples
Think of specific instances from your past experience where you've successfully managed costs or solved complex problems. Be ready to share these examples during the interview to demonstrate your ability to lead a project cost team effectively.
✨Understand the Company’s Projects
Research McDermott's recent projects, especially in the LNG sector. Knowing the specifics about their work will help you tailor your responses and show genuine interest in contributing to their future projects.
✨Showcase Your Leadership Skills
Since this role involves guiding junior personnel, be prepared to discuss your leadership style and experiences. Highlight any mentoring or training you've done in the past to illustrate your capability to support and develop others in the team.
