At a Glance
- Tasks: Enhance costing practices and support project controls for impactful projects.
- Company: Join McDermott, a leader in engineering and construction with a collaborative spirit.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Opportunity to work in a multifunctional team and grow your career.
- Why this job: Make a difference by solving complex problems and mentoring others in cost control.
- Qualifications: Bachelor's degree or 7-10 years of relevant experience; strong problem-solving skills required.
The predicted salary is between 36000 - 60000 € per year.
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.
Responsibilities
- Understands constructability concepts, workflow processes (the how its 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.
Qualifications
- Bachelors 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.
Senior Cost Controls Specialist employer: Primal Gym
At McDermott, we pride ourselves on fostering a collaborative and innovative work environment where experienced professionals like the Senior Cost Controls Specialist can thrive. Our commitment to employee growth is evident through comprehensive training programmes and mentorship opportunities, ensuring that you not only contribute to impactful projects but also advance your career in a supportive setting. Located in a dynamic industry, we offer competitive benefits and a culture that values teamwork and excellence, making McDermott an exceptional place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Cost Controls Specialist
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that Senior Cost Controls Specialist role.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of project controls systems and cost forecasting. We recommend practising common interview questions related to your expertise. Show them you’re not just a fit on paper, but you’ve got the skills to back it up!
✨Tip Number 3
Don’t forget to showcase your problem-solving skills! When discussing your past experiences, highlight specific challenges you faced and how you tackled them. We want to see that you can handle complex issues like a Senior Cost Controls Specialist should.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who take the initiative to engage directly with us. Let’s get you that job!
We think you need these skills to ace Senior Cost Controls Specialist
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Senior Cost Controls Specialist role. Highlight your knowledge of costing disciplines, project controls systems, and any relevant experience in Engineering or Construction Management.
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for this position. Share specific examples of how you've solved complex problems in cost control and how you can contribute to our team at McDermott.
Showcase Your Problem-Solving Skills:In your application, emphasise your problem-solving attitude and coordination skills. We want to see how you've tackled challenges in past roles and what solutions you've implemented to improve processes.
Apply Through Our Website:Don't forget to submit your application through our website! This ensures we receive all your details correctly and gives you the best chance to stand out in the hiring process.
How to prepare for a job interview at Primal Gym
✨Know Your Cost Control Basics
Make sure you brush up on your knowledge of cost control principles and practices. Be ready to discuss how you've applied these in past roles, especially in relation to project controls systems and cost forecasting.
✨Understand the Workflow
Familiarise yourself with the workflow processes mentioned in the job description, such as Engineering, Procurement, Fabrication, and Construction. Being able to articulate how these interdependencies work will show that you understand the bigger picture.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving skills. Think of specific examples where you've had to recommend solutions or recovery plans for cost-related issues, and be ready to explain your thought process.
✨Show Your Team Spirit
Since you'll be training junior personnel and working in a multifunctional team, highlight your teamwork experiences. Share examples of how you've collaborated with others to achieve project goals, and how you can contribute to a positive team dynamic.
