At a Glance
- Tasks: Solve complex project problems and manage cost controls for innovative energy projects.
- Company: Join a leading energy company driving the transition to sustainable solutions.
- Benefits: Competitive salary, career growth, and opportunities to work on groundbreaking projects.
- Other info: Dynamic team environment with a focus on innovation and collaboration.
- Why this job: Make a real impact in the energy sector with your expertise and creativity.
- Qualifications: 12+ years in project control, engineering degree, and oil & gas industry experience.
The predicted salary is between 72000 - 88000 £ 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. This role impacts the direction and resource allocation of programs and projects in their discipline and works within general functional policies and industry guidelines. The role requires conceptual and innovative thinking to develop creative solutions to costing challenges.
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
- Familiarity with Primavera P6
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
- 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
- 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
Senior Principal Cost Controls Spec in London employer: McDermott International
McDermott International is an exceptional employer, offering a dynamic work environment that prioritises safety and innovation in the offshore energy sector. With a strong commitment to employee development, we provide ample opportunities for growth and advancement, alongside competitive benefits that support work-life balance. Located in a thriving industry hub, our team enjoys a collaborative culture that values expertise and fosters long-term client relationships, making it a rewarding place to build a career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Principal Cost Controls Spec in London
✨Join Construction Networks
Get yourself involved in local construction networks or industry events. They often have job boards, and networking can lead to unadvertised positions. Plus, it’s a great way to meet potential future colleagues!
✨Show Off Your Skills on Site
If you’ve done any hands-on work, whether it's through internships or personal projects, make sure you can showcase it. Consider volunteering for local construction projects or getting involved in community build days; it’s a solid way to demonstrate your skills and build connections.
✨Utilise Construction Job Sites
Don't just rely on the big job boards. Look at niche construction job sites—many companies prioritise these for full-time roles. Apply through these sites, but don’t forget to reach out directly to companies you admire, like McDermott International, to express your interest!
✨Tailor Your Application for Full-Time Roles
Make your application stand out by tailoring it specifically for full-time positions. Highlight how your previous projects align with the company's work. At StudySmarter, we encourage you to demonstrate your commitment and long-term interest in the industry when applying for roles like Senior Principal Cost Controls Spec at McDermott International.
We think you need these skills to ace Senior Principal Cost Controls Spec in London
Some tips for your application 🫡
Showcase Your Relevant Experience:In the construction industry, it's essential to highlight any hands-on experience you have. Whether it’s past projects you've worked on or specific roles you've held, make sure your CV emphasises your practical skills and contributions to construction sites.
Include Certifications and Qualifications:Don’t forget to list any certifications relevant to construction, like CSCS cards or other safety qualifications. These can really set you apart from other candidates and show that you’re serious about health and safety on-site.
Tailor Your Cover Letter to Construction:When writing your cover letter for a construction role, focus on your problem-solving capabilities and teamwork. Construction relies heavily on collaboration, so mention how you’ve worked successfully with others to complete projects on time and within budget.
Adapt Your CV Format to the Field:Ensure your CV is clear and easy to read, with sections dedicated to skills such as project management, technical abilities, and site supervision. Construction roles often require a blend of technical know-how and soft skills, so make sure both are highlighted effectively.
How to prepare for a job interview at McDermott International
✨Brush Up on Technical Knowledge
For a construction role, it's crucial we have a solid grasp of industry standards, safety protocols, and specific tools used on-site. Make sure you're familiar with relevant regulations and can talk confidently about them, as these often come up in interviews.
✨Showcase Your Projects
Since this is a full-time position, be ready to discuss any previous construction projects you've worked on. Bring a portfolio or have detailed descriptions that highlight your role, the challenges you faced, and how you overcame them—this’ll show you’re not just book-smart but also practically savvy.
✨Understand the Team Dynamics
Construction is all about teamwork, so prepare to discuss how you interact with different stakeholders like architects, engineers, and contractors. Maybe think of examples from past experiences to illustrate your ability to communicate and collaborate effectively.
✨Prepare for On-the-Spot Problem Solving
Be ready for some practical questions or scenarios where you'll need to demonstrate your problem-solving skills. Interviewers might present you with a hypothetical construction issue to solve, so practice articulating your thought process clearly and logically—this could really set you apart!
