At a Glance
- Tasks: Solve complex project challenges and manage costs for innovative energy projects.
- Company: Join a leading company driving the energy transition with over 30,000 experts worldwide.
- Benefits: Competitive salary, career growth, and opportunities to work on groundbreaking projects.
- Other info: Collaborative culture with a focus on innovation and sustainability.
- Why this job: Make a real impact in the energy sector while developing your skills in a dynamic environment.
- Qualifications: 12+ years in project control, degree in relevant field, and experience in oil and gas.
The predicted salary is between 80000 - 100000 £ 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 Principal Cost Controls Spec is tasked with solving unique and complex problems that have a negative impact on the project. They must proactively identify and solve problems that impact project performance. The Senior Principal Cost Controls Spec is considered a specialist in the field of Cost Management and they offer a broad base of knowledge about the Project Controls function. The Senior Principal Cost Controls Spec impacts the direction and resource allocation of programs and projects in their discipline and works within general functional policies and industry guidelines. The Senior Principal Cost Controls Spec role requires conceptual and innovative thinking to develop creative solutions to Costing challenges.
Responsibilities Key Tasks and Responsibilities:
- Interpret the project contract and assist the Project Director in its application
- Provide input to Project Execution Plan
- With Project Accounting, coordinate all financial, contractual, and administrative issues/works related to the Project
- Ensure that the project set–up tasks are properly done
- Support Project Accounting in the compilation and review of all invoices for the project
- Monitor project costs and revenues; prepare necessary project reports either on a weekly, monthly, or quarterly basis as deemed appropriate or required
- Evaluate, negotiate, and agree to costs and revenue with client and subcontractor(s) for changes in contract and subcontract work (on larger projects, this responsibility can be with the Contracts Manager)
- Ensure that all Project Controls systems are properly set up and maintained
- Support the development of claims including back charges against subcontractors and vendors
- Responsible for the development of the monthly project EAC
- Assist the Project Director in the preparation of all financial and contractual correspondence as it relates to the Project Controls function
- Ensure that clear and accurate records of financial and contractual matters are maintained
- Monitor key dates, in particular against dates defined in the main contract and any subcontracts
- Prepare contract supplements (on larger projects, this responsibility is with the Contracts Manager)
- Attend all meetings concerning cost, progress, technical and contractual matters
- Leads the Change Management process on the project
- Manage the Project Risk and Opportunity Management (PROM)
- Prepare the project close-out report
- Oversee the cost and progress functions on the project in the completion of their tasks
- Support Regional and Global Project Controls with ad hoc tasks as required
- Liaise with other personnel within the Projects Controls function to improve the accuracy of schedules, cost estimates, contract strategies, etc. by benchmarking and including feedback on upcoming projects
- Support bid efforts as required
- Ensure adherence to McDermott systems and processes
Qualifications Essential Qualifications and Education:
- Degree in Engineering/Construction/Business or related field, or equivalent combinations of technical training or experience
- At least 12+ years of experience in project control activities
- Supervisory experience in a matrix environment and progressive experience working for a contractor
- Solid background in the oil and gas industry
Senior Principal Cost Controls Spec 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. Our commitment to employee growth is evident through comprehensive training programmes and opportunities to tackle complex challenges in the energy sector, particularly in our strategic location where we are at the forefront of the energy transition. Join us to be part of a legacy that has been making the impossible possible for over a century, while enjoying competitive benefits and a supportive environment that values your contributions.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Principal Cost Controls Spec
✨Get Involved with Industry Events
The energy and utilities sector is always buzzing with events, trade shows, and networking opportunities. We should hit up conferences and exhibitions like Energy UK or Utility Week Live—these are prime spots to mingle with industry professionals and even snag some insider info on job openings!
✨Join Energy-focused Online Communities
Let's tap into online platforms and forums like LinkedIn groups or Reddit communities specifically for energy and utilities. Not only can we showcase our knowledge, but we can also stay updated on company announcements or job leads from people already in the know.
✨Consider Industry Certifications
Pushing ahead with certifications like the NEBOSH National Certificate in Occupational Safety and Health (if you’re into safety) can give us a leg up in this competitive field. It not only builds our credibility but also shows employers that we’re serious about our career in energy and utilities.
✨Apply ThroughLutech Resources's Website
Don’t forget to apply directly through Lutech Resources's website for the full-time Senior Principal Cost Controls Spec role. Many companies prioritise candidates who show initiative by going straight to the source. Make sure we tailor our application to highlight our passion for the energy sector!
We think you need these skills to ace Senior Principal Cost Controls Spec
Some tips for your application 🫡
Show Off Your Energy Knowledge:When crafting your CV and cover letter, make sure you highlight any knowledge or experience related to the energy-utilities sector. Whether it’s coursework, internships, or projects that showcase your understanding of energy management, sustainability, or regulatory frameworks, we want to see that passion and expertise shine through.
Quantify Your Achievements:In our field, numbers speak volumes! Don’t just tell us about your previous roles; quantify your achievements where possible. For instance, mention how you improved energy efficiency by a percentage or contributed to cost savings. This makes your application more compelling and shows us just how impactful you can be.
Tailor Your Cover Letter:Your cover letter is your chance to connect personally with us at Lutech Resources. Tailor it to reflect how your values align with our mission in the energy sector. Share why you're excited about this specific role and how you envision contributing to our goals.
Demonstrate Your Team Spirit:Collaboration is key in the energy-utilities industry. In your application, emphasise any team projects or experiences where you worked effectively with others, especially on sustainability initiatives or technical projects. We're looking for someone who can mesh well with our team!
How to prepare for a job interview at Lutech Resources
✨Show Your Passion for Renewable Energy
In the energy-utilities sector, it’s vital to demonstrate your enthusiasm for sustainable practices and innovations. Share experiences where you've worked on or studied renewable energy projects, whether that’s through coursework, past internships, or personal initiatives. Let us see how your passion aligns with the ethos of Lutech Resources.
✨Brush Up on Industry Regulations
Being familiar with industry standards and regulations is crucial in energy-utilities interviews. Make sure to know the basics of relevant policies and frameworks, like the Energy Act or environmental legislation. This will not only show you’ve done your homework but will also prepare you for potential technical questions about compliance during your interview.
✨Highlight Teamwork and Project Management Skills
Most roles in the energy sector involve collaboration with diverse teams. Be ready to discuss examples where you’ve successfully worked in teams or led projects, especially those involving energy initiatives. This is particularly important for a full-time position, as employers want to see you bring a collaborative spirit to Lutech Resources.
✨Prepare for Technical Assessments
Expect some technical questions or even practical assessments during your interview, especially about energy efficiency methodologies or basic engineering principles relevant to the role. It’s a good idea to brush up on key concepts and be prepared to explain them clearly, as this will demonstrate your technical proficiency and readiness to jump into your new role.
