Cost Controls Specialist

Job Overview

The Cost Controls Specialist applies conceptual knowledge of cost management with limited supervision and guidance. The role is responsible for cost analysis, development of possible solutions using standard procedures, and critical thinking. The specialist understands company processes and key business drivers to solve problems using technical experience, judgment, and industry best practices.

Responsibilities

• 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...