The Senior Cost Controls Specialist improves costing practices, manages project controls systems, analyzes cost forecasting, and offers solutions to enhance operational efficiency.
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.
ResponsibilitiesKey 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
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
#LI-Hybrid
#LI-LJ1
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.
McDermott International London, England Office
London, United Kingdom
Similar Jobs
Artificial Intelligence • Fintech • Payments • Business Intelligence • Financial Services • Generative AI
Lead Airwallex’s global second-line Transaction Monitoring strategy, governance, oversight, and modernization. The role manages regional reporting and financial intelligence teams, challenges first-line controls, oversees monitoring rules and model effectiveness, and advances AI-driven detection and alert triage. Responsibilities include complex financial crime escalations, regulatory examinations, audit coordination, partner-bank inquiries, and collaboration with Product, Data Science, Engineering, Model Risk, Quantitative teams, and Audit across global jurisdictions.
Top Skills:
Ai/MlAutomated Alert TriageData AnalyticsGraph AnalyticsSQL
Artificial Intelligence • Fintech • Payments • Business Intelligence • Financial Services • Generative AI
Leads Airwallex’s global sanctions compliance strategy, second-line governance, screening oversight, regulatory engagement, and technology modernization. The role manages complex sanctions escalations, regulatory examinations, disclosures, geopolitical risk monitoring, and AI-enabled screening initiatives across global payment operations. It also reports programme risk to executives and the board while scaling a cross-regional sanctions team.
Top Skills:
Artificial IntelligenceGraph DatabasesMachine LearningNatural Language Processing (Nlp)
Healthtech • Software • Analytics • Biotech • Pharmaceutical • Manufacturing
Provides strategic, commercial, and operational legal advice to Takeda’s UK and Ireland business. Responsibilities include negotiating commercial agreements, advising on regulatory, competition, governance, pricing, procurement, and market access matters, supporting digital and innovation initiatives, managing disputes and external counsel, monitoring legal developments, and improving contracting processes. The role independently handles complex legal matters and advises senior stakeholders in a highly regulated life sciences environment.
What you need to know about the London Tech Scene
London isn't just a hub for established businesses; it's also a nursery for innovation. Boasting one of the most recognized fintech ecosystems in Europe, attracting billions in investments each year, London's success has made it a go-to destination for startups looking to make their mark. Top U.K. companies like Hoptin, Moneybox and Marshmallow have already made the city their base — yet fintech is just the beginning. From healthtech to renewable energy to cybersecurity and beyond, the city's startups are breaking new ground across a range of industries.
