MC

Cost Controls Specialist

McDermott
Gurgaon ₹2-5 LPA Posted 16 May 2025
FULL TIME
Construction Management
Business Management
Cost Control
Epc
Ms Office Applications
+2 more

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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