Job Description
Job Overview:
We are looking for a motivated and detail-oriented Associate Cost Control Specialist to join our project team. This entry-level role is an excellent opportunity for a recent graduate with a keen interest in project cost management and financial tracking. The successful candidate will support project cost tracking and reporting, working closely with project team and senior cost control staff to ensure our projects meet budget targets.
Responsibilities
Key Tasks and Responsibilities:
- Cost Tracking Support: Assist in tracking project costs, including subcontracts, labor, and equipment, to support accurate cost monitoring throughout project phases
- Data Collection and Reporting: Help prepare cost reports and status updates, gathering data and assisting in the analysis of project cost performance
- Invoice Review: Assist in reviewing invoices to confirm they align with purchase orders and contracts, ensuring financial accuracy
- Documentation: Maintain organized records of project costs and financial transactions, supporting efficient data retrieval and reporting
- Team Collaboration: Work with project teams, finance, engineering, and procurement teams to assist with cost control activities across different project phases
- Under Direct Supervision
- Provide essential administrative and support functions to the cost controls team within the EPCI (Engineering, Procurement, Construction, and Installation) industry
- Assist in the implementation and execution of administrative processes and procedures to facilitate efficient cost controls operations, including budgeting, forecasting, and cost tracking
- Collaborate with project teams and stakeholders to gather and organize project cost data, ensuring accuracy and completeness in data entry and documentation
- Support the preparation of detailed weekly and monthly cost and progress reports to Management and to the client These reports must accurately reflect all aspects of performance including Cost and Schedule
- Conduct basic cost analyses, such as cost trending and variance analysis, to identify discrepancies and assist in cost-saving initiatives
- Have knowledge of contractual obligations such as contract type, change management, invoicing processes, reporting, and interfaces
- Assist in the implementation and maintenance of the cost control system, ensuring accurate and up-to-date data for cost reporting and analysis
- Support the cost controls team in routine administrative tasks, contributing to process improvement initiatives and fostering a collaborative work environment
- Assist in forecast development, such as updating staffing and equipment plans, procurement reports, subcontract reports, and performance analysis
- Assist with change order preparation and processing
- Analyze committed cost and activity to date, actual vs. budget, performance, and productivity
- Assist in the development and maintenance of the project's cash flow
Qualifications
Essential Qualifications & Education:
- Bachelor's degree in Finance, Accounting, Engineering, Quantity Surveyor, Construction Management, or a related field
- 0 to 4 years of experience in a similar roleor combination of technical training or construction experience that can be transferred to this role
Preferred Qualifications and Education:
- Basic understanding of cost control principles or project budgeting is a plus
- Familiarity with financial or project management software (e.g., SAP, Oracle, Primavera) is beneficial
- Internship or project-based experience in finance, accounting, or project controls is preferred
- Proficiency in Microsoft Excel and familiarity with financial analysis tools
- Strong analytical and problem-solving skills
- Excellent organizational skills and attention to detail
- Effective communication skills and the ability to work in a team environment
- 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
- Good knowledge of MS Office
- Problem-solving attitude
- Attention to detail and accuracy in data entry, documentation, and report preparation
- Effective communication and interpersonal skills to collaborate with project teams, stakeholders, and other administrative functions
- Proactive and eager to learn, with a willingness to take on new responsibilities and contribute to team goals
- Familiarity with relevant industry regulations, standards, and basic contract management principles
- Ability to maintain confidentiality and handle sensitive information with professionalism and discretion
About Us
Our ingenuity fuels daily life. Together, we've forged some of the most trusted partnerships across the energy value chain to make what was once just an idea a reality: laying subsea infrastructure thousands of feet below sea level, installing platforms hundreds of miles from shore, using our expertise to design and build offshore wind infrastructure, and reshaping the onshore landscape to deliver the energy products the world needs safely and sustainably.
For more than 100 years, we've been making the impossible possible. Today, we're driving the energy transition with more than 30,000 of the brightest minds across 54 countries.
