Senior Principal Cost Controls Spec

Job Overview

The Senior Principal Cost Controls Spec is tasked with solving unique and complex problems that have a negative impact on the project. They must proactively identify and solve problems that impact project performance. The Senior Principal Cost Controls Spec is considered a specialist in the field of Cost Management and offers a broad base of knowledge about the Project Controls function. The role impacts the direction and resource allocation of programs and projects in their discipline and works within general functional policies and industry guidelines. It requires conceptual and innovative thinking to develop creative solutions to costing challenges.

Responsibilities

• Interpret the project contract and assist the Project Director in its application
• Provide input to the Project Execution Plan
• Coordinate all financial, contractual, and administrative issues related to the Project with Project Accounting
• Ensure that the project set–up tasks are properly completed
• Support Project Accounting in the compilation and review of all invoices for the project
• Monitor project costs and revenues; prepare necessary project reports on a weekly, monthly, or quarterly basis as appropriate
• Evaluate, negotiate, and agree to costs and revenue with client and subcontractors for changes in contract and subcontract work
• Ensure that all Project Controls systems are properly set up and maintained; support the development of claims including back charges against subcontractors and vendors
• Develop the monthly project EAC
• Assist the Project Director in preparing all financial and contractual correspondence related to the Project Controls function
• Maintain clear and accurate records of financial and contractual matters
• Monitor key dates, particularly against dates defined in the main contract and any subcontracts
• Prepare contract supplements (on larger projects, this responsibility is with the Contracts Manager)
• Attend all meetings concerning cost, progress, technical and contractual matters
• Lead the Change Management process on the project
• Manage the Project Risk and Opportunity Management (PROM)
• Prepare the project close‑out report
• Oversee the cost and progress functions on the project in completing their tasks
• Support Regional and Global Project Controls with ad hoc tasks as required
• Liaise with other personnel within the Projects Controls function to improve the accuracy of schedules, cost estimates, contract strategies, etc. by benchmarking and including feedback on upcoming projects
• Support bid efforts as required
• Ensure adherence to McDermott systems and processes

Qualifications

• Degree in Engineering, Construction, Business or related field, or equivalent combinations of technical training or experience
• At least 12+ years of experience in project control activities
• Supervisory experience in a matrix environment and progressive experience working for a contractor
• Solid background in the oil and gas industry
• Familiarity with Primavera P6

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