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- Tasks: Support cost control operations and collaborate with project teams to manage budgets and forecasts.
- Company: Join a dynamic team in the EPCI industry focused on innovation and efficiency.
- Benefits: Gain valuable experience, develop skills, and enjoy a supportive work environment.
- Why this job: Kickstart your career in finance and project management while making a real impact.
- Qualifications: Bachelor's degree or relevant experience; teamwork and problem-solving skills are essential.
- Other info: Opportunity for growth and learning in a fast-paced, collaborative setting.
The predicted salary is between 28800 - 48000 £ per year.
The Associate Cost Controls Specialist is responsible for utilizing existing Costing procedures to solve routine or standard problems. They receive instruction, guidance, and direction from others within the team, and they will leverage their conceptual knowledge of theories, practices, and procedures related to Costing and Project Controls.
Essential Qualifications and Education:
- Bachelor’s degree in Business, Finance, Engineering, Construction Management, or related fields or 0 to 4 years of experience in a similar role or combination of technical training or construction experience that can be transferred to this role
- Ability to work effectively as part of a team to ensure business goals
- High level of coordination skills to gather cost data from project leaders, finance, and accounts department
- Demonstrated effectiveness in prioritizing multiple tasks, monitoring progress, and managing efforts to meet deadlines
- Demonstrated effectiveness in working with others in a multifunctional team
- Good knowledge of MS Office
- Problem-solving attitude
- Attention to detail and accuracy in data entry, documentation, and report preparation
- Effective communication and interpersonal skills to collaborate with project teams, stakeholders, and other administrative functions
- Proactive and eager to learn, with a willingness to take on new responsibilities and contribute to team goals
- Familiarity with relevant industry regulations, standards, and basic contract management principles
- Ability to maintain confidentiality and handle sensitive information with professionalism and discretion
Key Tasks and Responsibilities Under Direct Supervision:
- Provide essential administrative and support functions to the cost controls team within the EPCI (Engineering, Procurement, Construction, and Installation) industry
- Assist in the implementation and execution of administrative processes and procedures to facilitate efficient cost controls operations, including budgeting, forecasting, and cost tracking
- Collaborate with project teams and stakeholders to gather and organize project cost data, ensuring accuracy and completeness in data entry and documentation
- Support the preparation of detailed weekly and monthly cost and progress reports to Management and to the client. These reports must accurately reflect all aspects of performance including Cost and Schedule
- Conduct basic cost analyses, such as cost trending and variance analysis, to identify discrepancies and assist in cost-saving initiatives
- Have knowledge of contractual obligations such as contract type, change management, invoicing processes, reporting, and interfaces
- Assist in the implementation and maintenance of the cost control system, ensuring accurate and up-to-date data for cost reporting and analysis
- Support the cost controls team in routine administrative tasks, contributing to process improvement initiatives and fostering a collaborative work environment
- Assist in forecast development, such as updating staffing and equipment plans, procurement reports, subcontract reports, and performance analysis
- Assist with change order preparation and processing
- Analyze committed cost and activity to date, actual vs. budget, performance, and productivity
- Assist in the development and maintenance of the project's cash flow
Associate Cost Controls Specialist employer: McDermott
Contact Detail:
McDermott Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Cost Controls Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and join relevant groups. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching the company and the role. Understand their projects and challenges, and think about how your skills can help. We want you to shine, so practice common interview questions and have your own ready!
✨Tip Number 3
Follow up after interviews! A quick thank-you email can go a long way in showing your enthusiasm for the role. It keeps you fresh in their minds and demonstrates your professionalism.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of opportunities waiting for you, and applying directly can sometimes give you an edge. Plus, it’s super easy to keep track of your applications that way!
We think you need these skills to ace Associate Cost Controls Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that match the Associate Cost Controls Specialist role. Highlight any relevant coursework or projects from your degree, and don’t forget to mention your coordination skills and problem-solving attitude!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re excited about the role and how your background in Business, Finance, or Engineering makes you a great fit. Be sure to show off your eagerness to learn and contribute to our team goals.
Showcase Your Team Spirit: Since this role involves working closely with project teams and stakeholders, make sure to highlight any past experiences where you’ve successfully collaborated with others. We love seeing examples of teamwork and effective communication!
Apply Through Our Website: We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we can’t wait to see what you bring to the table!
How to prepare for a job interview at McDermott
✨Know Your Costing Basics
Brush up on your knowledge of costing procedures and project controls. Be ready to discuss how you've applied these concepts in past experiences, even if they were in a different context. This shows you can transfer your skills effectively.
✨Showcase Your Team Spirit
Since this role requires collaboration, think of examples where you've worked well in a team. Highlight your coordination skills and how you gathered data from various sources. This will demonstrate your ability to fit into their team dynamic.
✨Be Detail-Oriented
Prepare to discuss your attention to detail, especially in data entry and report preparation. Bring examples of how your meticulous nature has helped avoid errors or improved processes in previous roles. It’s all about showing you can handle sensitive information with care.
✨Communicate Effectively
Practice articulating your thoughts clearly and concisely. Since effective communication is key, consider how you would explain complex cost analyses to someone without a finance background. This will showcase your interpersonal skills and ability to collaborate with diverse teams.