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For Companies At a Glance
- Tasks: Solve complex project problems and manage cost controls effectively.
- Company: Join McDermott International, a leader in energy solutions with over 100 years of innovation.
- Benefits: Enjoy a full-time role with opportunities for growth and collaboration across global teams.
- Why this job: Be part of a dynamic team driving the energy transition and making a real-world impact.
- Qualifications: Requires a degree in Engineering/Construction/Business and 12+ years of relevant experience.
- Other info: Familiarity with Primavera P6 is a plus; supervisory experience is essential.
The predicted salary is between 43200 - 72000 £ per year.
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
- 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
- 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
- Familiarity with Primavera P6
Senior Principal Cost Controls Spec employer: McDermott International, Ltd
Contact Detail:
McDermott International, Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Principal Cost Controls Spec
✨Tip Number 1
Familiarise yourself with McDermott's projects and their approach to cost management. Understanding their specific methodologies and recent projects can give you an edge in discussions during interviews.
✨Tip Number 2
Network with current or former employees of McDermott, especially those in project controls or cost management roles. They can provide valuable insights into the company culture and expectations for the Senior Principal Cost Controls Spec position.
✨Tip Number 3
Brush up on your knowledge of Primavera P6, as it's mentioned in the job description. Being able to discuss your experience with this software confidently can demonstrate your readiness for the role.
✨Tip Number 4
Prepare examples of how you've successfully managed costs and solved complex problems in previous roles. Be ready to share these experiences during interviews to showcase your expertise and problem-solving skills.
We think you need these skills to ace Senior Principal Cost Controls Spec
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in project controls and cost management. Use specific examples from your past roles that demonstrate your problem-solving skills and ability to manage complex projects.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the Senior Principal Cost Controls Spec role at McDermott International. Discuss how your background aligns with their needs, particularly your experience in the oil and gas industry and familiarity with Primavera P6.
Showcase Problem-Solving Skills: Since the role involves solving unique and complex problems, include examples in your application that showcase your innovative thinking and how you've successfully navigated challenges in previous projects.
Highlight Leadership Experience: As the position requires supervisory experience, emphasise any leadership roles you've held. Detail how you managed teams or projects, focusing on your ability to guide others and make strategic decisions.
How to prepare for a job interview at McDermott International, Ltd
✨Understand the Role Thoroughly
Before the interview, make sure you have a deep understanding of the Senior Principal Cost Controls Spec role. Familiarise yourself with the key responsibilities and how they align with your experience. This will help you articulate how your background makes you a perfect fit for the position.
✨Prepare for Problem-Solving Questions
Given that this role involves solving unique and complex problems, be ready to discuss specific examples from your past experiences where you've successfully identified and resolved issues. Use the STAR method (Situation, Task, Action, Result) to structure your answers.
✨Showcase Your Industry Knowledge
Since a solid background in the oil and gas industry is essential, be prepared to discuss current trends, challenges, and innovations in the sector. This demonstrates your passion and commitment to the field, which can set you apart from other candidates.
✨Ask Insightful Questions
At the end of the interview, take the opportunity to ask thoughtful questions about the company's projects, culture, and future direction. This not only shows your interest in the role but also helps you gauge if the company aligns with your career goals.
