Cost Controls Specialist

As a Cost Controls Specialist, you will be responsible for applying your conceptual knowledge of cost management to analyze costs and develop solutions using standard procedures and critical thinking. You will need to understand company processes and key business drivers to problem solve effectively, utilizing your technical experience, judgment, and industry best practices. Key Responsibilities: - Assist in developing and implementing the project controls execution plan - Help with project controls system setup and project initiation requirements - Participate in implementing the project OBS, WBS, and CBS in required financial and progress systems - Demonstrate understanding of McDermott's Cost and Progress procedures - Display knowledge of Earned Value Management principles - Basic understanding of EPC contracting types (LS, Cost Plus, Reimbursable, Unit Rate, etc.) - Assist in Estimate Conforming and understanding the project chart of accounts - Aid in developing and preparing the forecast system and cost reports - Support invoicing and project accounting with cost to billings reconciliations - Assist in change management efforts and building cost estimates for change verification - Help in setting up and maintaining the progress measurement system - Assist in auditing Issued For Construction (IFC) quantity take-offs and resolving discrepancies - Ensure IFC quantity take-offs are aligned with turnover systems - Support the implementation of global rules of credit and maintain the progress measurement system - Generate spreadsheet analysis tools for management review of progress - Provide timely and accurate Cost and Progress Measurement Data reporting - 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 Qualifications Required: - Bachelor's degree in Business, Finance, Engineering, Construction Management, or related fields OR 2-5 years of relevant experience in EPC - Knowledge of earned value systems - Problem-solving attitude and high level of coordination skills - Ability to prioritize multiple tasks and meet deadlines effectively - Collaboration skills to work with others in a multifunctional team - Adaptability to change and ability to work well under pressure - Knowledge of JDE Edwards is a plus, but not required - Familiarity with common business tools such as Microsoft Office applications,