Cost Controls Specialist

Cost Controls Specialist to apply conceptual knowledge of cost management and assist in the development and implementation of project controls execution plans.

Requirements

• Assist in the development and implementation of the project controls execution plan
• Assist in project controls system setup and project initiation requirements
• Participate in the implementation of the project OBS, WBS, and CBS in required financial and progress systems
• Understand and follow McDermott's Cost and Progress procedures
• Demonstrate understanding of Earned Value Management principles
• 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
• Quantity surveying personnel will be required to assist in the effort to audit Issued For Construction (IFC) quantity take-offs and reported installed quantities
• 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