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- Tasks: Join us as a Senior Cost Controls Specialist, tackling complex cost challenges daily.
- Company: McDermott is a leading engineering and construction firm, dedicated to innovation and excellence.
- Benefits: Enjoy competitive pay, flexible work options, and opportunities for professional growth.
- Why this job: Make a real impact on projects while mentoring others in a collaborative environment.
- Qualifications: Bachelor's degree or 7-10 years of relevant experience; strong problem-solving skills required.
- Other info: Familiarity with JD Edwards is a plus; training junior staff is part of the role.
The predicted salary is between 43200 - 72000 £ per year.
Job Overview
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 prioritizing 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
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Senior Cost Controls Specialist employer: McDermott
Contact Detail:
McDermott Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Cost Controls Specialist
✨Tip Number 1
Familiarise yourself with McDermott's project controls processes and methodologies. Understanding their specific systems and how they operate will give you a significant edge during interviews, as you'll be able to speak directly to their practices.
✨Tip Number 2
Network with current or former employees in similar roles. They can provide insights into the company culture and expectations, which can help you tailor your approach and demonstrate your fit for the Senior Cost Controls Specialist position.
✨Tip Number 3
Brush up on your knowledge of JD Edwards and other relevant software. Even if it's not a strict requirement, showing that you're proactive about learning these tools can set you apart from other candidates.
✨Tip Number 4
Prepare to discuss specific examples of how you've solved complex problems in previous roles. Highlighting your problem-solving skills and ability to work within multifunctional teams will resonate well with the hiring managers.
We think you need these skills to ace Senior Cost Controls Specialist
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in cost control, project management, and any specific software knowledge like JD Edwards. Use keywords from the job description to align your skills with what McDermott is looking for.
Craft a Strong Cover Letter: In your cover letter, emphasise your problem-solving skills and ability to work in multifunctional teams. Mention specific examples of how you've improved costing disciplines in previous roles to demonstrate your expertise.
Showcase Relevant Qualifications: Clearly list your educational background and any certifications related to finance, engineering, or construction management. If you have 7-10 years of experience, make sure to detail this in your application to meet the essential qualifications.
Highlight Team Leadership Experience: If you have experience training junior personnel or leading change management efforts, be sure to include this in your application. It shows that you can not only perform the role but also mentor others, which is valuable for McDermott.
How to prepare for a job interview at McDermott
✨Showcase Your Problem-Solving Skills
As a Senior Cost Controls Specialist, you'll need to demonstrate your ability to solve complex problems. Prepare examples from your past experience where you successfully identified issues and implemented effective solutions, particularly in cost management.
✨Understand the Project Lifecycle
Familiarise yourself with the entire project lifecycle, especially how cost, schedule, and scope interrelate. Be ready to discuss how you've applied this understanding in previous roles to improve project outcomes.
✨Highlight Your Teamwork Experience
This role requires collaboration with multifunctional teams. Share specific instances where you worked effectively with others, showcasing your coordination skills and ability to prioritise tasks under pressure.
✨Demonstrate Knowledge of Tools and Systems
While JD Edwards knowledge is a plus, be prepared to discuss your proficiency with MS Office and any other relevant project controls systems. Highlight how you've used these tools to enhance reporting and forecasting in your previous positions.
