At a Glance
- Tasks: Enhance costing practices and solve complex problems in a dynamic team environment.
- Company: Join McDermott, a leader in engineering and construction with a collaborative culture.
- Benefits: Enjoy competitive pay, flexible work options, and opportunities for professional growth.
- Other info: Hybrid work model with a focus on teamwork and career advancement.
- Why this job: Make a real impact on projects while mentoring junior colleagues and driving innovation.
- Qualifications: Bachelor’s degree or 7-10 years of relevant experience; strong problem-solving skills required.
The predicted salary is between 60000 - 80000 € per year.
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
- 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.
- Assist finance in preparation of the project cash flows and cost spread.
- Participate in proposal development, commercial alignment, and project kickoff processes.
- Train junior personnel in all aspects of cost reporting.
- Monitor variations from the scope of work, capture, maintain, and assess related impacts.
- Set up and maintain the progress measurement system.
- Lead change management efforts, including building of cost estimates and applying or managing amendments to the contract.
- Implement and support the Change Management process.
- Support the Subcontract Management team in verification of progress and earned value against invoices received.
- 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
- 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.
- 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.
Senior Cost Controls Specialist in London employer: Lutech Resources
McDermott is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for a Senior Cost Controls Specialist to thrive. With a strong emphasis on employee growth and development, the company offers extensive training opportunities and encourages knowledge sharing among colleagues. Located in a dynamic environment, McDermott provides unique advantages such as exposure to diverse projects and the chance to make a significant impact within the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Cost Controls Specialist in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that Senior Cost Controls Specialist role.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of cost controls and project management. We recommend practising common interview questions and scenarios related to the job description. Show them you’re not just a fit on paper, but you’ve got the skills to back it up!
✨Tip Number 3
Don’t forget to follow up after your interviews! A quick thank-you email can go a long way in keeping you top of mind. We suggest mentioning something specific from your conversation to show you were engaged and interested.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive and take the initiative to connect with us directly.
We think you need these skills to ace Senior Cost Controls Specialist in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Senior Cost Controls Specialist role. Highlight your knowledge of costing disciplines and any relevant project controls systems you've worked with.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for this position. Share specific examples of how you've solved complex problems in previous roles and how you can bring that expertise to our team.
Showcase Your Problem-Solving Skills:In your application, emphasise your problem-solving attitude and coordination skills. We want to see how you've tackled challenges in the past and what solutions you've implemented.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can't wait to see what you bring to the table!
How to prepare for a job interview at Lutech Resources
✨Know Your Cost Control Basics
Make sure you brush up on your knowledge of cost control principles and practices. Be ready to discuss how you've applied these in past roles, especially in relation to project controls systems and cost forecasting.
✨Understand the Project Lifecycle
Familiarise yourself with the entire project lifecycle, from engineering to construction. Be prepared to explain how different phases interconnect and how your role as a Senior Cost Controls Specialist fits into this process.
✨Showcase Your Problem-Solving Skills
Think of specific examples where you've solved complex problems related to cost management. Highlight your analytical skills and how you've recommended solutions or recovery plans in challenging situations.
✨Prepare for Team Dynamics
Since collaboration is key, be ready to discuss your experience working in multifunctional teams. Share examples of how you've trained junior personnel or supported other departments, like finance or subcontract management.
