Cost Controls Specialist

2 weeks ago

Gurugram, India McDermott Full time

Job Description

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

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