Financial Controller

2 weeks ago

Sabine Pass, United States McDermott Corporation Full time
Responsibilities

The Cost Controls Specialist will be responsible for managing project costs, developing and implementing project controls execution plans, and ensuring timely and accurate cost and progress measurement data. They will also be responsible for providing technical expertise to project teams, analyzing costs, and identifying areas for improvement. This role requires a bachelor's degree in Business, Finance, Engineering, Construction Management, or related fields, or 2-5 years of relevant experience working for an EPC, and offers a salary range of $80,000 - $110,000 per annum.

About the Job

The Cost Controls Specialist will work closely with project managers, engineers, and other stakeholders to ensure effective project controls and provide expert advice on project cost management. They will be responsible for setting up project controls systems, monitoring project expenses, and forecasting future costs. Additionally, they will have basic knowledge of EPC contracting types, awareness of contract and construction terminology, and ability to generate spreadsheet analysis tools for management review of progress.

Key Responsibilities

- Manage project costs and develop project controls execution plans
- Provide technical expertise to project teams
- Analyze costs and identify areas for improvement
- Develop solutions using standard procedures
- Ensure timely and accurate cost and progress measurement data
- Set up project controls systems and monitor project expenses
- Forecast future costs and prepare budget reports
- Basic knowledge of EPC contracting types (LS, Cost Plus, Reimbursable, Unit Rate, etc.)
- Awareness of contract and construction terminology
- Assist in Estimate Conforming
- Understand the project chart of accounts and its relationship to the estimate and contract scope
- Assist in the development and preparation of the forecast system and cost reports
- Assist with invoicing and support project accounting with cost to billings reconciliations as required
- Understand project trends and their relationship to the forecast (ie PFs, trends, commitments, labor mix, etc.)
- Assist change management efforts, including building of cost estimates in support of change verification
- Assist in the setup and maintenance of the progress measurement system
- Ensure IFC quantity take-offs are tied to turnover systems
- Assist with the implementation of the global rules of credit and maintenance of the progress measurement system on the project
- Ability to generate spreadsheet analysis tools for management review of progress
- Reporting - Provide Timely and accurate Cost and Progress Measurement Data
- Basic understanding of Scheduling Software and processes and their relationship to cost and progress
- Participate in Closeout Report data collection
- Support the professional development and growth of junior project controls personnel

Salary Range

$80,000 - $110,000 per annum

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