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- Tasks: Drive cost control excellence and solve complex problems in a dynamic team environment.
- Company: Join McDermott, a leader in engineering and construction with a collaborative culture.
- Benefits: Competitive salary, career development opportunities, and a supportive work environment.
- Why this job: Make a real impact on projects while developing your expertise in cost management.
- Qualifications: Bachelor’s degree or 7-10 years of relevant experience; strong problem-solving skills required.
- Other info: Opportunity to mentor junior staff and grow within a leading company.
The predicted salary is between 36000 - 60000 £ 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.
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 prioritising 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
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
Senior Cost Controls Specialist employer: LutechResources
Contact Detail:
LutechResources Recruiting Team
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 brushing up on your problem-solving skills. Think of real-life examples where you’ve tackled complex issues in cost controls. We want to see how you can apply your expertise to improve processes at McDermott!
✨Tip Number 3
Show off your teamwork skills! Be ready to discuss how you’ve collaborated with multifunctional teams in the past. We love to see candidates who can work well with others and contribute to a positive team dynamic.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we’re always looking for passionate individuals who are eager to make an impact in the cost discipline.
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 relevant experience in cost management, project controls, and any specific software knowledge like JD Edwards. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills can benefit us at McDermott. Be sure to mention any specific projects or achievements that showcase your problem-solving abilities.
Showcase Your Teamwork Skills: Since this role involves working with multifunctional teams, make sure to highlight your collaboration experiences. Share examples of how you've successfully worked with others to achieve project goals, as we value teamwork highly at StudySmarter.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at LutechResources
✨Know Your Numbers
As a Senior Cost Controls Specialist, you'll need to demonstrate your understanding of cost forecasting and budgeting. Brush up on your financial knowledge and be ready to discuss specific examples where you've successfully managed costs or improved financial processes in previous roles.
✨Showcase Problem-Solving Skills
Prepare to share instances where you've tackled complex problems related to cost control. Think about the challenges you faced, the solutions you implemented, and the outcomes. This will highlight your problem-solving attitude and ability to coordinate effectively with multifunctional teams.
✨Familiarise Yourself with Project Controls
Make sure you understand project controls systems and how they relate to cost management. Be ready to discuss how you've set up or maintained these systems in past projects, as well as your experience with tools like JD Edwards, if applicable.
✨Engage with the Interviewers
Interviews are a two-way street! Prepare thoughtful questions about the company's approach to cost control and how they handle project challenges. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
