Senior Cost Engineer

Key Tasks and Responsibilities:
– Understands constructability concepts, workflow processes (the how it’s built) & related interdependencies between Engineering, Procurement, Fabrication, and Construction
– Able to understand and apply contractual requirements and implementation on the project via the project controls execution plan
– Set up and implement project controls systems
– Set up and maintain project controls reports
– Adheres to McDermott’s internal project controls processes
– Analyze and interpret cost forecasting and trending
– Recommend solutions or recovery plans for problem areas
– Prepare Project Forecast monthly
– Assist finance in preparation of the project cash flows and cost spread
– Participate in proposal development, commercial alignment, and project kickoff processes
– Train junior personnel in all aspects of cost reporting
– Monitor variations from the scope of work, capture, maintain, and assess related impacts
– Set up and maintain the progress measurement system
– Lead change management efforts, including building of cost estimates and applying or managing amendments to the contract
– Implement and support the Change Management process
– Support the Subcontract Management team in verification of progress and earned value against invoices received
– Support determining the required monthly accruals that are processed by accounts payable
– Monitor cost coding system is properly applied, and information flow is correct and complete
– Analyze committed costs and activities to date, actual vs budget, performance, and productivity
– Perform any other related duties as required

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