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
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About UsLutech Resources has over 25 years’ experience providing tailor made recruitment and integrated resource management to leading Engineering, Energy and Manufacturing sector companies worldwide. We set ourselves apart from others in the industry by building long term relationships with both our clients and candidates based on a mutual understanding of their targeted industry and a passion for excellence. With every engagement, our goal is to quickly place qualified talent with the best suited employer. We have a genuine understanding of candidates and clients’ needs. Along with a dynamic and effective service, we strive for positive outcomes for everyone, every time.Skills Required
- Bachelor's degree in Business, Finance, Engineering, Construction Management, or a related field
- 7-10 years of experience in a similar role
- Good knowledge of Microsoft Office
- Problem-solving attitude and strong coordination skills
- Ability to understand project scope, schedule, cost, and progress relationships
- Ability to prioritize multiple tasks and meet deadlines
- Effectiveness working with multifunctional teams
- Working knowledge of cost, schedule, estimating, and accounting interfaces
- Basic understanding of JD Edwards
Lutech Resources Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Lutech Resources and has not been reviewed or approved by Lutech Resources.
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Fair & Transparent Compensation — Base pay is often described as competitive for technical, oil and gas, and engineering roles. Feedback suggests payroll administration is smooth and professional, supporting reliable on-time pay.
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Strong & Reliable Incentives — Compensation processing and compliance logistics are often handled effectively. Feedback suggests HR support during onboarding and placements is generally attentive and efficient.
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What We Do
Lutech Resources is a global recruitment business providing tailor-made recruitment and integrated resource management to leading Engineering, Resources, Energy, and Manufacturing sector companies worldwide. With over 30 years of experience, they match candidates to specialized roles across the energy value chain, renewables, construction, and technology sectors, including deep expertise in data science, database management, and network security.
