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    Job · 16749973

    McDermott International logo

    Cost Controls Specialist

    McDermott International · Gurugram · onsite · Posted 43d ago

    Not disclosed2–5 yrsfulltimeSourced fromFoundit

    About a minute. You'll make an account on the way through.

    About this role

    Essential Qualifications and Education:

    • Bachelor s degree in Business, Finance, Engineering, Construction Management, or related fields or
    • 2 - 5 years of relevant experience working for an EPC
    • Must know about earned value systems
    • Problem-solving Attitude and high level of coordination skill
    • Demonstrated effectiveness in prioritizing multiple tasks and managing efforts to meet deadlines
    • Demonstrated effectiveness in working with others in a multifunctional team
    • Accepts change and works well under pressure
    • Understanding of JDE Edwards is not required but would be a plus
    • Knowledge of common business tools such as Microsoft Office applications

    #LI-PS1

    Key Tasks and 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 McDermotts 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 Any discrepancy in the reported quantities would need to be resolved
    • 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


    Sourced from foundit

    Skills

    EngineeringBusiness Managementms office applicationsCost ControlConstruction ManagementFINANCE MANAGEMENTEPC

    About McDermott International

    McDermott International logo

    McDermott International

    Engineering & Construction

    3.2k+

    employees

    1923

    103 years old

    Houston, Texas

    United States (USA)

    ₹15L PA avg

    Avg at McDermott International

    About

    Provides integrated engineering and construction solutions for the energy sector, focusing on efficient oil and gas infrastructure.

    Industries

    Engineering & ConstructionIron & SteelOil / Gas / Petro Chemicals

    Employee ratings

    10 reviews

    4.2/ 5

    Culture

    3.8

    Career growth

    3.0

    Work-life

    4.4

    Employees rate it well for

    Work-Life Balance42Overall Company42

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    Cost Controls Specialist · waiting for your command