Senior Cost Controls Specialist
Job Description
Company Overview:
People power our future. That is why advancing a dynamic, inclusive environment, where everyone grows and thrives is critically important to us.
Our ingenuity fuels daily life. Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.
For more than 100 years, we’ve been making the impossible possible. Today, we’re driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Here, what you do matters.
Job Overview:
The Senior Cost Control Specialist will be responsible for project budgets, forecasts, controls and reporting project costs. Will also track hours expended, review project costs incurred, and calculate future costs based on labor productivity, wage rates, and risk analysis. The role will work closely with the Project Management Team and will include interactions with the client Cost control team on a regular basis. With minimal supervision, the Sr. Cost Specialist is responsible for independently applying Cost Control procedures, best practices and analysis to any size or type of project. Applies sound knowledge of Project Controls principles in general and leads and guides less experienced Cost Control personnel.
Responsibilities
Key Tasks and Responsibilities:
- Setup and write an effective Cost engineering plan as part of the Project Controls Plan. Setup a WBS and CBS.
- Recast and conform the project estimate into a project budget. And if required correct for errors, late development etc.
- Set-up Cost control system on a project, based on Mcdermott internal requirements and project (contract) requirements.
- Transfer Cost Estimate to the project cost control budget.
- Provides Control budgets for Equipment and Material purchase orders and installation subcontracts, engineering, fabrication, marine, hookup, commissioning, project management and support disciplines.
- Prepare and/or direct the development of E, P, C and I cost databases and guide the development in other project execution centers, as necessary.
- Setup and/or direct the setup of effective physical cost trending tools based on earned value principles, using the company tools.
- Prepare month cost reports and support overall project status reports, based on the project reporting calendar.
- Prepare effective cost / quantity analyses, recommendations, including the use of all associated information and tools.
- Prepare a cost forecast at project completion based on an estimate-to-complete for the remaining work and registered expenditures & commitments.
- Regularly analyze project cost/quantity trending/progress data, forecast trends potential trend from this data, raise issues and advice corrective action.
- Regularly analyze discipline performance, manpower, based on physical, progress, rates and performance. Resulting in cost forecasts per discipline, execution center and the total project.
- Risk Management:
- Proactive identification, assessment, and mitigation of project risks.
- Development and implementation of risk management plans.
- Monitoring and reporting on risk status.
- Facilitation of risk workshops and stakeholder engagement.
- Coordination of risk management activities across consortium partners.
- Understand consortium agreements, roles, and responsibilities.
- Facilitate effective communication and collaboration among consortium partners.
- Develop quantitative risk analysis to inform project planning and budgeting.
- Incorporate risk assessment into project schedule development.
- Communicate effectively with project teams, clients, and consortium partners regarding risks.
- Build strong relationships with project stakeholders to foster collaboration and trust.
Skills:
Technical Skills
- Cost Analysis: Proficiency in analyzing cost data, identifying variances, and providing insights for cost-saving measures.
- Budgeting: Strong ability to develop, manage, and track project budgets effectively.
- Financial Reporting: Expertise in preparing and presenting detailed financial reports to stakeholders.
- Project Management: Understanding of project management principles and methodologies to align cost controls with project goals.
- Forecasting: Skill in predicting future financial outcomes based on current data and trends.
Software Proficiency
- ERP Systems: Familiarity with enterprise resource planning systems (e.g., SAP, Oracle).
- Spreadsheet Software: Advanced skills in Excel for data analysis, modeling, and reporting.
- Cost Management Tools: Experience with specialized software for cost control and management.
Analytical Skills
- Data Interpretation: Ability to interpret complex data sets and extract actionable insights.
- Problem-Solving: Strong analytical thinking to address cost-related issues and recommend solutions.
- Risk Management: Skills in identifying and mitigating financial risks in projects.
Communication Skills
- Stakeholder Engagement: Ability to communicate effectively with project managers, finance teams, and other stakeholders.
- Presentation Skills: Capable of presenting financial information clearly and persuasively to non-financial audiences.
Organizational Skills
- Attention to Detail: High level of accuracy in monitoring and reporting financial information.
- Time Management: Ability to prioritize tasks and manage multiple projects simultaneously.
Leadership and Interpersonal Skills
- Team Collaboration: Experience working collaboratively with cross-functional teams.
- Mentorship: Ability to mentor junior staff and share knowledge regarding cost control practices.
Qualifications
Essential Qualifications & Education:
- Bachelor’s degree in engineering, risk management, project management.* Certification in risk management.
- Knowledge of contract law and insurance principles.
- Proven experience in risk management, project controls, and consortium management within the oil and gas or construction industry.
- Strong understanding of project management methodologies and lifecycle.
- Knowledge of industry-specific standards and regulations (e.g., OSHA, ISO 31000).
- Excellent analytical and problem-solving skills.
- Strong communication and interpersonal skills.
- Ability to work effectively under pressure and meet deadlines.
- Experience in a consortium environment.
Principal Document Controller
Job Description
Company Overview:
People power our future. That is why advancing a dynamic, inclusive environment, where everyone grows and thrives is critically important to us.
Our ingenuity fuels daily life.Together, we’ve forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing offshore platforms hundreds of miles from shore, and using our expertise to design and build offshore wind infrastructure.
For more than 100 years, we’ve been making the impossible possible. Today, we’re driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
Here, what you do matters.
Job Overview:
Gain experience in the following work area: iDocs. Develop basic technical skills to complete assigned work. When acting as Lead Document Management, in addition: Direct Small or medium Document Management team as Lead Document Controller. Lead Project as Lead Document Controller engaging the participation of other disciplines. Coordinate all activities within own discipline and Discipline interfaces with other disciplines. Lead the Document Management team of the assigned work area and complete within planned schedule and budget, in accordance with standards, MDR and project-specific procedures and to a high professional standard. Plan, organize and direct all aspects of Discipline execution on the assigned project including scope, deliverables, schedule, and all Discipline manpower resources – agree allocations with the Engineering Manager. Ensure interfaces and deliverables are clearly identified. Maintain responsibility for progress and productivity, identifying any required corrective action. Act as project-based Discipline point of contact in communications and meetings with Project Team, Customer, vendor/supplier and/or subcontractor counterparts; and relevant agencies such as certifying authorities, auditors, third parties, etc.
Responsibilities
Key Tasks and Responsibilities:
- Develop the Document Management Execution Plan and other associated work instructions to ensure alignment with Client requirements and McDermott standards
- Become familiar with specific technical aspects of the Contract and Project Team Requirements pertaining to Document Management and project delivery requirements (standards, procedures, EDMS, formats, etc.)
- Ensure project EDMS platform is set up meeting Client and McDermott technical requirements
- Manages staffing plans and budgets for projects to ensure appropriate staffing levels and cost management
- Advises Project Management Team on Document Management issues and interface processes and requirements
- Ensure seamless sharing of documentation across all project team members and locations to include MOPEX and JV Partners
- Act as day-to-day interface for the Client, Suppliers, Subcontractors, etc. on day-to-day Document Management issues
- Facilitates and expedites the timely flow of technical information amongst project team members and external parties such as the Client and Suppliers via the EDMS
- Prepares, reviews, and issues defined project reports on document status including the Master Document Register
- Supervision of Document Management personnel on projects and provide timely feedback to the Document Management Department Manager of personnel performance
- Ensures proper EDMS training of all project personnel as well as training of Document Management personnel in Document Management procedures and systems (Unifi)
- Assist in the establishment, maintenance, development and improvement of Document Management processes, systems, and tool
- Participation in and leading of internal and external audits as required
- Provides regular status reports to Project and Department Management on Project Document Management workload and any issues
- Ensures active and frequent engagement with MOPEX counterpart/s for the project
- Deliver information required for handover and turnover in accordance with project contractual requirements
- Archiving of project records
- Provides lessons learned from project execution to Project Management and Department Management
- Other responsibilities as assigned
Skills:
- Technical Proficiency
- Strong knowledge of Microsoft Office Suite (Word, Excel, PowerPoint, Project, Access).
- Familiarity with Electronic Document Management Systems (EDMS) and other industry-specific tools.
- Project Management
- Ability to plan, organize, and direct project execution, including scope, deliverables, and schedules.
- Experience managing staffing plans and budgets to ensure resource allocation aligns with project needs.
- Document Management Expertise
- Knowledge of document management standards, procedures, and formats relevant to project delivery.
- Ability to develop and implement Document Management Execution Plans.
- Interpersonal and Communication Skills
- Effective communication skills for liaising with clients, suppliers, subcontractors, and project teams.
- Ability to facilitate the timely flow of information among diverse stakeholders.
Qualifications
Essential Qualifications and Education:
- Computer literate on Microsoft programs: Word, Access, Power Point, Excel, Project
- Working knowledge of industry utilized EDMS tools
- Have wide experience with technical activities, including onshore and offshore operations
- Extensive functional, business, industry, and leadership expertise
- Ability to work as a team member as well as act as team leader
- Excellent organizational and time management skills. Detail oriented, dependable, and will to handle multiple priorities
- Successful communication skills, business acumen and assertive decision-making capability
Preferred Qualifications and Education:
- Certified iDocs Trainer (preferable)
