Job Overview:

With minimal supervision, the Senior Cost Specialist is responsible for independently applying Cost Control procedures, best practices and analysis to any size or type of project. The Senior Cost Control Specialist will be responsible for project budgets, forecasts, controls and reporting project costs. Will also track hours expended, review project costs incurred, and calculate future costs based on labor productivity, wage rates, and risk analysis. The role will work closely with the Project Management Team and will include interactions with the client Cost control team.

The Sr Cost control specialist supports the Lead cost engineer on large projects or can act as Lead cost engineer on small/Medium size projects. He or she should be able to lead less experienced cost engineers and reports to the project control Manager on the project.

Key Tasks and Responsibilities:

• Setup and write an effective Cost engineering plan as part of the Project Controls Plan

• Setup a WBS and CBS

• Recast and conform the project estimate into a project budget. And if required correct for errors, late development etc.

• Prepare and/or direct the development of E, P, and C cost databases on any type of project (BE, E, P, EP, EPC, PMC, Multi-office). And guide the development in other project execution centers, as necessary

• Setup and/or direct the setup of effective physical cost trending tools based on earned value principles, using the company tools

• Prepare effective cost / quantity analyses, recommendations, including the use of all associated information and tools.

• Prepare a cost forecast at project completion based on an estimate-to-complete for the remaining work and registered expenditures & commitments

• Regularly analyze project cost/quantity trending/progress data, forecast trends potential trend from this data, raise issues and advice corrective action

• Regularly analyze discipline performance, manpower, based on physical, progress, rates and performance. Resulting in cost forecasts per discipline, execution center and the total project

• Represent Project Management in client discussions with respect to all aspects of cost management (assess bids, provide counter estimates, (assist in) building or countering claims, (assist in) negotiations). To develop project specific models to support the above

• Prepare and/or direct the preparation internal and client cost reports (including close-out reports asset-breakdowns etc.)

• Advice project accounting on project- costs, revenues, reservations and margins

• Set-up and guide a Monte Carlo forecast analysis/ contingency requirement calculations, using the company tools

• Be able to build models that fit the project specific requirements

• Be able to build and maintain incentive forecasting models

• Set-up and maintain a change management system. (or guide the preparation of such a system)

• Support Risk Management process

• Supervise and or work on multiple projects if required

• Be able/prepared to act as Project Controls manager on a small project, if required

• Leads the invoicing process with the client

• Very experienced in cost engineering tools and techniques

• Be familiar with material control, estimating and planning & scheduling, and project accounting techniques.

• Uses experience and problem-solving skills to develop and improve processes and to recognize and communicate project issues early

Essential Qualifications and Education:

• Bachelor’s degree

• With at least 10 years of relevant experience and working knowledge of Cost control tools

• With previous experience working on projects across oil and gas and/or petrochemical, construction

• Experience in EPC projects with cost management on equipment and materials much appreciated

• Applies sound knowledge of Project Controls principles in general

• Can handle Cost Control aspects of FEED and large EPC projects independently

• Leads and guides less experienced Cost Control personnel

• Manages the team to contribute to a safe working environment

• Good Communication skills, team player

• Proficient in Microsoft Excel, Access, PowerPoint & word

• Experience in working with and in financial data bases like SAP or JD

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Lutech Resources has over 25 years’ experience providing tailor made recruitment and integrated resource management to leading Engineering, Energy and Manufacturing sector companies worldwide. We set ourselves apart from others in the industry by building long term relationships with both our clients and candidates based on a mutual understanding of their targeted industry and a passion for excellence. With every engagement, our goal is to quickly place qualified talent with the best suited employer. We have a genuine understanding of candidates and clients’ needs. Along with a dynamic and effective service, we strive for positive outcomes for everyone, every time.

McDermott is an equal opportunity/affirmative action employer. All qualified applicants will receive consideration for employment without regard to sex, gender identity, sexual orientation, genetic information, race, color, religion, national origin, disability, protected veteran status, age, or any other characteristic protected by law.