At a Glance
- Tasks: Solve complex project problems and manage costs effectively.
- Company: Join a leading firm in the oil and gas industry with a focus on innovation.
- Benefits: Competitive salary, career growth, and opportunities to work on impactful projects.
- Other info: Dynamic work environment with a strong emphasis on teamwork and collaboration.
- Why this job: Make a real difference in project performance and resource allocation.
- Qualifications: 12+ years in project control, degree in relevant field, and supervisory experience.
The predicted salary is between 50000 - 65000 £ 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. This role requires conceptual and innovative thinking to develop creative solutions to costing challenges.
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.
- Lead 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.
- Support bid efforts as required.
- Ensure adherence to McDermott systems and processes.
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.
Senior Principal Cost Controls Spec in London employer: McDermott
As a leading player in the oil and gas industry, our company offers an exceptional work environment for the Senior Principal Cost Controls Spec, fostering innovation and collaboration. Employees benefit from a strong emphasis on professional development, competitive compensation packages, and a culture that values proactive problem-solving and teamwork. Located in a dynamic sector, we provide unique opportunities to engage with cutting-edge projects while ensuring a supportive atmosphere that encourages growth and success.
