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McDermott Saudi Arabia-Cost Controls Specialist

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Job Descriptionof cost controls specialist

Cost Controls specialist is to Ensure that the costs from the “as-sold” bid cost summary are broken down into the standard Work Breakdown Structure line items > Ensure proper control and monitoring of budgets commitments and actual costs. > Assist Senior Cost Controller and Project Controls Manager of project in cost reports deliverables. > Develop project cashflow and ensure that corporate treasury is involved for any commitment related foreign currency transactions for hedging purposes. > Ensure that the cash flow projections and all project cost reporting are done accurately and on a timely basis. > Ensure that the costs are being continuously collected and that proper feedback to estimating during and post execution of project Forecasting: > Ensure that the profit and cash forecasts are accurate and timely. > Knowledgeable in “earned value management” and related forecasting methods. > Assist in project Risk management tasks on a monthly basis . > Review and manage “contingencies” as per guidelines. > Be SOX Compliant; maintain Red Book as per guidelines.

Job Requirements

> 2 Years experience in project controls functions ( cost and budgeting). Experience in Oil and Gas sector is preferable

> Finance / Accounting degree > Good communication skills and cost/planning software knowledge is preferable (Ecosys , Primavera)

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