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Sr Cost Controls Specialist
United State Of America
Feb 25, 2019
Salary: Negotiable
Experience 10.0-15.0 years
Job Category Procurement Jobs
Employment Type Full time
Industry Oil & Gas
Skill Good Communication Skills
Role Buyer / Procurement Jobs ,Other Procurement Jobs
Designation Other
Education B.B.A,B.Com
No. of vacancies 1
About Company

With the first ventures from land to near-shore marshlands and then to out-of-sight-of-land and increasingly deep waters, innovation is our legacy, our present and our future.

Ralph Thomas McDermott established J. Ray McDermott & Company Incorporated at the age of 24 upon receipt of a contract to build 50 wooden drilling rigs for a wildcatter in Luling, Texas. Knowing he could benefit from his father's long-time experience in the lumber and oilfield construction businesses, Ralph made John Raymond McDermott a partner and the company’s namesake.

Expanded the business from its original headquarters in Eastland, Texas, to Luling, Texas, after a boom in oil exploration in the area.

Moved the company to Houston, Texas, with the continuing oil boom.

Provided different services to the oil industry through three McDermott family-owned businesses: J. Ray McDermott & Co., Elmax Construction, and Stall & McDermott.

Hired the company’s first construction crew, a team of six.

Opened a New Orleans, Louisiana, office.

Introduced the first use of floating drilling equipment in low-lying marshlands of Texas and Louisiana.

Purchased J.G. McMullen Dredging Company and established it as the Olsen Dredging Company.

Reorganized the multiple McDermott family business operations into one: J. Ray McDermott & Co., Inc. of Delaware.

Designed and installed the first fixed platform made of steel out-of-sight-of-land, in 20 feet of water in the Gulf of Mexico for Superior Oil.

Established a contracting division, which was the major operating segment during the early years.

Acquired assets of Harry F. Allsman Company, McDermott’s joint venture partner for several contracting jobs in the Gulf of Mexico, which provided equipment to meet the new demand for offshore construction.

Commissioned construction of the first vessel designed specifically for offshore work (Derrick Barge 4).

The company’s Oil Division was organized.

Job Description

Job Overview:

McDermott has animmediate opening for a Sr. Cost Controls Specialist with Oil & Gasexperience. The Sr. Cost Control Specialist will administer activitiesassociated with contracts for services, purchase of equipment, materials, orproducts for a project. Participates in and/or conducts proposal preparation,contract negotiation, contract administration and customer contact activities.


  • Prepare Project Forecast monthly;
  • Support the Management during the contract changes/claims process
  •  Monitor, for subcontracts and other significant items, progress and the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress)
  • 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.
  • Prepare Project cash flows.
  • Perform cost analysis and advise project leaders on cost over-runs.
  • Organize and coordinate the risk assessment/ review meetings.
  • Set-up and update periodically the 'Risk and Opportunity Register' and the relevant project risk status report.
  • Perform any other related duties as required.
 Basic Qualifications:
  • Bachelors degree in Business, Finance, Engineering, Constructions Management or related fields.
  • 10 years experience in a similar role.
  • Good knowledge of MS Office.
  • Problem-solving Attitude.
  • Ability to work effectively as part of a team to ensure business goals
  • High level of coordination skills to gather cost data from project leaders, finance and accounts department Demonstrated effectiveness in prioritizing multiple tasks, monitoring progress, and managing efforts to meet deadlines.
  • Demonstrated effectiveness in working with others in a multifunctional team

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