McDermott International, Ltd · 6 hours ago
Senior Principal Cost Controls Specialist
Houston, TX
Full-time
Onsite
Senior Level, Lead/Staff
10+ years expMcDermott International, Ltd is a leader in the energy sector, specializing in innovative solutions for complex projects. The Senior Principal Cost Controls Specialist is responsible for anticipating business challenges, managing cost controls, and improving project performance through effective financial oversight and problem-solving.
Real EstateManufacturing
Hiring Manager
Elisa Alvarado
Responsibilities
Interpret the project contract and assist the Project director in its application
Provide input to Project Execution Plan
With Project Accounting, coordinate all financial, contractual, and administrative issues/works related to the Project
Ensure that the project set–up tasks are properly done
Support Project Accounting in the compilation and review of all invoices for the project
Monitor project costs and revenues; prepare necessary project reports either on a weekly, monthly, or quarterly basis as deemed appropriate or required
Evaluate, negotiate, and agree to costs and revenue with client and subcontractor(s) for changes in contract and subcontract work (on larger projects, this responsibility can be with the Contracts Manager)
Ensure that all Project Controls systems as properly set up and maintained Support the development of claims including back charges against subcontractors and vendors
Responsible for the development of the monthly project EAC
Assist the Project Director in the preparation of all financial and contractual correspondence as it relates to the Project Controls function
Ensure that clear and accurate records of financial and contractual matters are maintained
Monitor key dates, in particular against dates defined in the main contract and any subcontracts
Prepare contract supplements (on larger projects, this responsibility is with the Contracts Manager)
Attend all meetings concerning cost, progress, technical and contractual matters
Leads the Change Management process on the project
Manage the Project Risk and Opportunity Management (PROM)
Prepare the project close-out report
Oversee the cost and progress functions on the project in the completion of their tasks
Support Regional and Global Project Controls with ad hoc tasks as required
Liaise with other personnel within the Projects Controls function to improve the accuracy of schedules, cost estimates, contract strategies, etc. by benchmarking and including feedback on upcoming projects
Support bid efforts as required
Ensure adherence to McDermott systems and processes
Qualification
Required
Degree in Engineering/Construction/Business or related field, or equivalent combinations of technical training or experience
At least 10+ years of experience in project control activities
Supervisory experience in a matrix environment and progressive experience working for a contractor
Solid background in the oil and gas industry
Familiarity with Primavera P6
Company
McDermott International, Ltd
McDermott is a premier provider of engineering and construction solutions to the energy industry.
10001+ employees
H1B Sponsorship
McDermott International, Ltd has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (16)
2024 (6)
2023 (5)
2022 (7)
2021 (4)
2020 (12)
Funding
Current Stage
Late StageLeadership Team
Michael McKelvy
Chairman and Chief Executive Officer
Maurizio Coratella
Executive Vice President and Chief Operating Officer
Recent News
2026-01-22
2025-12-09
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