Senior Cost Engineer

3 days ago


Bodens Kommun, Sweden McDermott Full time

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.

Essential Qualifications and Education:

  1. Bachelor's Degree in Business, Finance, Engineering, Construction Management, or related fields
  2. Seven to ten (7-10) years of experience in a similar role
  3. Good knowledge of MS Office
  4. Problem-solving attitude and high level of coordination skills
  5. Ability to understand the project scope, schedule, and its relationship to cost and progress
  6. Demonstrated effectiveness in prioritizing multiple tasks, and managing efforts to meet deadlines
  7. Demonstrated effectiveness in working with others in a multifunctional team
  8. Good working knowledge and understanding of cost, schedule, estimating, and accounting interfaces
  9. A basic understanding of JD Edwards is a plus

Key Tasks and Responsibilities:

  1. Understands constructability concepts, workflow processes (the how it's built) & related interdependencies between Engineering, Procurement, Fabrication, and Construction
  2. Able to understand and apply contractual requirements and implementation on the project via the project controls execution plan
  3. Set up and implement project controls systems
  4. Set up and maintain project controls reports
  5. Adheres to McDermott's internal project controls processes
  6. Analyze and interpret cost forecasting and trending
  7. Recommend solutions or recovery plans for problem areas
  8. Prepare Project Forecast monthly
  9. Assist finance in preparation of the project cash flows and cost spread
  10. Participate in proposal development, commercial alignment, and project kickoff processes
  11. Train junior personnel in all aspects of cost reporting
  12. Monitor variations from the scope of work, capture, maintain, and assess related impacts
  13. Set up and maintain the progress measurement system
  14. Lead change management efforts, including building of cost estimates and applying or managing amendments to the contract
  15. Implement and support the Change Management process
  16. Support the Subcontract Management team in verification of progress and earned value against invoices received
  17. Support determining the required monthly accruals that are processed by accounts payable
  18. Monitor cost coding system is properly applied, and information flow is correct and complete
  19. Analyze committed costs and activities to date, actual vs budget, performance, and productivity
  20. Perform any other related duties as required
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