At a Glance
- Tasks: Drive cost control excellence and solve complex problems in energy projects.
- Company: Join a leading energy company with over 100 years of innovation.
- Benefits: Competitive salary, career growth, and a chance to impact the energy transition.
- Other info: Collaborative environment with opportunities to mentor and lead junior team members.
- Why this job: Be part of a team reshaping the energy landscape and making a real difference.
- Qualifications: Bachelor’s degree or extensive experience in finance, engineering, or construction management.
The predicted salary is between 60000 - 75000 € per year.
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably. For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
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
- 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 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
- 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 employer: Lutech Resources
At McDermott, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters innovation and collaboration among our 30,000 talented professionals across the globe. As a Senior Cost Controls Specialist, you will benefit from extensive employee growth opportunities, including mentorship from experienced colleagues and involvement in groundbreaking projects that drive the energy transition. Our commitment to safety, sustainability, and professional development makes McDermott a rewarding place to build your career in the energy sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Cost Controls Specialist
✨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 researching the company inside out. Understand their projects, values, and recent news. We want you to show them that you’re not just another candidate, but someone who genuinely cares about their mission in driving the energy transition.
✨Tip Number 3
Practice makes perfect! Get a friend or mentor to do mock interviews with you. Focus on articulating your experience with cost controls and how you’ve solved complex problems in the past. We want you to feel confident and ready to impress!
✨Tip Number 4
Don’t forget to follow up after your interviews! A simple thank-you email can go a long way. It shows your enthusiasm for the role and keeps you fresh in their minds. And remember, apply through our website for the best chance at landing that dream job!
We think you need these skills to ace Senior Cost Controls Specialist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Cost Controls Specialist role. Highlight your experience in cost management, project controls, and any relevant qualifications. We want to see how your skills align with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the energy sector and how your expertise can contribute to our mission. Keep it engaging and personal – we love a good story!
Showcase Problem-Solving Skills:In your application, don’t forget to showcase your problem-solving attitude. Share examples of how you've tackled complex issues in past roles, especially those related to cost forecasting and project controls. We’re all about ingenuity here!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and get to know you better. Plus, it shows you’re keen on joining our team!
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 Problem-Solving Skills
Prepare examples of complex problems you've solved in previous positions. Highlight your analytical skills and how you've used them to recommend solutions or recovery plans in challenging situations.
✨Be Ready to Train and Collaborate
Since part of the role involves training junior personnel, think about your experience in mentoring others. Be ready to discuss how you can contribute to a collaborative team environment and support your colleagues in understanding cost reporting.
