The Principal Cost Controls Specialist leads project cost teams on large EPC LNG projects, manages cost systems, analyzes forecasts, and oversees junior personnel.
We are currently exploring potential candidates for an upcoming role at McDermott. While this position is not yet open for active recruitment, we want to connect with talented individuals who may be interested in future projects withs us. If you are passionate about building energy's future and want to be considered when this role becomes available, we encourage you to submit your details.
Job Overview:
The Principal Cost Controls Specialist interprets internal or external business issues and recommends best practices to improve cost and schedule. They will be tasked with solving complex cost management problems and will work independently with minimal guidance. The Principal Cost Controls Specialist may be required to guide junior personnel. As such, they must have in-depth expertise in costing and broad knowledge of the costing discipline within the project controls function.
ResponsibilitiesKey Tasks and Responsibilities:
- Lead the project cost team on a large EPC LNG project
- Support the development of the Work Breakdown Structure (WBS)
- Implement internal and contractual requirements on the project via the project controls execution plan
- Lead setup and implementation of project cost systems
- Responsible for the accuracy of project cost reports
- Analyze and interpret cost forecasting and trending
- Recommends solutions or recovery plans for problem areas
- Lead preparation and review of the project monthly forecast
- Lead the development of the cost spread and cash flows
- Supervise and train junior personnel in all aspects of cost reporting
- Implement and support the Change Management process
- Lead change management efforts, including building of cost estimates
- Lead project cost reviews conducted with management
- Support the development and implementation of the Project Risk and Opportunity process
- Participate or lead the weekly and monthly cost and schedule review meetings
- Create Weekly / Monthly / Quarterly Reports
- Assist in resource planning, recruiting, mentoring, and evaluations
Essential Qualifications and Education:
- Bachelor’s Degree in Business, Finance, Engineering, or Construction Management is preferred
- Ten plus (10+) years of experience in Project Controls
- Must have experience in a large-scale mega EPC projectS in Oil & Gas Construction
- Highly competent in the use of critical project management concepts such as EVM, project planning, risk analysis, and change management)
- Experienced in Cost with a focus on Cost, Risk and Change Management
- Basic understanding of JDE Edwards is a plus
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About Us Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
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