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Cost Controls Specialist

McDermott Middle East, Inc. - Jebel Ali (UAE)
Houston, USA
Full-time
Junior · 2–5 years experience
Onsite
Discovered 4 days ago

Full Job Posting

Qualifications

  • Essential Qualifications and Education:
  • Bachelor's Degree in Business, Finance, Engineering, Construction Management, or a related discipline. • Typically requires 2-5 years of experience in cost control, project controls, project accounting, or related disciplines supporting EPC projects. • Basic understanding of Earned Value Management (EVM) principles and project performance measurement. • Good analytical, problem-solving, and coordination skills. • Demonstrated ability to prioritize multiple assignments and manage deadlines effectively. • Demonstrated ability to work collaboratively within multidisciplinary teams. • Adaptable and able to work effectively in a dynamic project environment. • Familiarity with ERP systems such as JD Edwards is a plus. • Proficiency in Microsoft Office applications, particularly Excel. • Basic understanding of the relationship between scope, cost, schedule, and project progress.
  • #LI-CA1
  • Bachelor's Degree in Business, Finance, Engineering, Construction Management, or a related discipline.
  • Typically requires 2-5 years of experience in cost control, project controls, project accounting, or related disciplines supporting EPC projects.
  • Basic understanding of Earned Value Management (EVM) principles and project performance measurement.
  • Good analytical, problem-solving, and coordination skills.
  • Demonstrated ability to prioritize multiple assignments and manage deadlines effectively.
  • Demonstrated ability to work collaboratively within multidisciplinary teams.
  • Adaptable and able to work effectively in a dynamic project environment.
  • Proficiency in Microsoft Office applications, particularly Excel.
  • Basic understanding of the relationship between scope, cost, schedule, and project progress.

Responsibilities

  • Key Tasks and Responsibilities:
  • Assist in the development and implementation of the Project Controls Execution Plan. • Support project controls system setup and project initiation activities. • Participate in the implementation of the project OBS, WBS, and CBS within financial, cost, and progress systems. • Understand and follow McDermott cost control and progress measurement procedures. • Apply basic Earned Value Management (EVM) principles in project performance analysis and reporting. • Develop an understanding of EPC contracting methodologies, including Lump Sum, Cost Reimbursable, Unit Rate, and Cost Plus contracts. • Maintain awareness of contract terminology and project commercial requirements. • Assist in estimate conforming activities and cost baseline development. • Understand the project chart of accounts and its relationship to the estimate, budget, and contract scope. • Assist in the preparation of cost reports, forecasts, and performance analyses. • Support project accounting activities, including invoicing and cost-to-billing reconciliations as required. • Assist in monitoring project trends and understanding their impact on project cost forecasts. • Support change management activities, including the preparation of cost estimates and supporting documentation for change verification. • Assist in the setup and maintenance of project progress measurement systems. • Assist in the verification of Issued for Construction (IFC) quantity take-offs and installed quantities to support accurate progress measurement and reporting. • Ensure IFC quantity take-offs are aligned with turnover and completion systems. • Support the implementation of Rules of Credit and maintenance of project progress measurement systems. • Develop spreadsheet-based analysis and reporting tools to support project controls activities. • Prepare and provide timely and accurate cost and progress measurement data in accordance with project reporting requirements. • Develop a basic understanding of scheduling processes and their relationship to cost and progress performance. • Participate in project closeout activities, including data gathering and report preparation. • Perform other related duties as assigned.
  • Assist in the development and implementation of the Project Controls Execution Plan.
  • Support project controls system setup and project initiation activities.
  • Participate in the implementation of the project OBS, WBS, and CBS within financial, cost, and progress systems.
  • Understand and follow McDermott cost control and progress measurement procedures.
  • Apply basic Earned Value Management (EVM) principles in project performance analysis and reporting.
  • Develop an understanding of EPC contracting methodologies, including Lump Sum, Cost Reimbursable, Unit Rate, and Cost Plus contracts.
  • Maintain awareness of contract terminology and project commercial requirements.
  • Assist in estimate conforming activities and cost baseline development.
  • Understand the project chart of accounts and its relationship to the estimate, budget, and contract scope.
  • Assist in the preparation of cost reports, forecasts, and performance analyses.
  • Support project accounting activities, including invoicing and cost-to-billing reconciliations as required.
  • Assist in monitoring project trends and understanding their impact on project cost forecasts.
  • Support change management activities, including the preparation of cost estimates and supporting documentation for change verification.
  • Assist in the setup and maintenance of project progress measurement systems.
  • Assist in the verification of Issued for Construction (IFC) quantity take-offs and installed quantities to support accurate progress measurement and reporting.
  • Ensure IFC quantity take-offs are aligned with turnover and completion systems.
  • Support the implementation of Rules of Credit and maintenance of project progress measurement systems.
  • Develop spreadsheet-based analysis and reporting tools to support project controls activities.
  • Prepare and provide timely and accurate cost and progress measurement data in accordance with project reporting requirements.
  • Develop a basic understanding of scheduling processes and their relationship to cost and progress performance.
  • Participate in project closeout activities, including data gathering and report preparation.
  • Perform other related duties as assigned.

Preferred Qualifications

  • Familiarity with ERP systems such as JD Edwards is a plus.

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