Project Controls - Cost Lead

Salary Range: $130,000.00 to $180,000.00 Company Overview: MP Materials (NYSE: MP) is rebuilding American industrial capability for a new era of autonomy, robotics, and electrification. We are the only U.S. company with a fully integrated rare earth supply chain—from mining and refining to advanced metal and magnet manufacturing. Our products include both the critical materials used to make permanent magnets and the finished magnets themselves—enabling next-generation technologies in robotics, automation, aerospace, transportation, defense, and energy systems. These materials are the foundation of physical AI—the convergence of computation, movement, and control. We hire ambitious, mission-driven people who want to tackle complex challenges and shape the future of strategic industries. Our culture is rooted in teamwork, resiliency, and integrity, with a deep commitment to operational excellence and national purpose. MP is rapidly evolving from a materials producer into a leading U.S. manufacturer—and our people are driving that transformation. Position Overview: The Project Controls – Cost Lead will be a member of our Mountain Pass, CA mine business. This is a rare opportunity to take a lead role in developing and implementing improved cost control systems and procedures on capital projects. The ideal candidate will be a hands-on team member with experience in capex program cost management. The Project Control – Cost Lead will define and maintain the means and methods to monitor the progress and performance on individual projects, including establishing, tracking, and reporting key performance indicators and earned value assessments. Position Responsibilities: Manage all aspects of project and portfolio financial planning for capital projects, including forecasting, tracking, contingency management, cost and progress reporting. Collaborate with project managers to establish cost plans on projects and provide weekly forecast updates. Create project tracking and reporting templates that allow seamless data-sharing between the project management and finance teams. Prepare and maintain project disbursements projections and accounting accruals. Assist stakeholders with preparation of capital appropriation requests and monitor purchasing activity to ensure that all related capital assets engineering, acquisition, and commissioning are properly recognized in the company’s financial statements. Ensure compliance with company’s policy regarding property, plant, and equipment (PP&E) accounting. Oversee the implementation and administration of cost management database – Ares Prism, Hexagon EcoSys, or similar, ensuring its integrity and reconciliation with SAP. Coordinate with accounting on project set up and master data maintenance. Collect and organize historical cost information for future use by estimating. Monitor the status of equipment installation, commissioning, and provide the required inputs to allow fixed assets accounting team to determine in-service dates. Participate in end-of-project reviews for lessons learned and opportunities for improvement. Develop cost management processes and procedures. Create summary dashboards. Other duties as assigned. Basic Qualifications: Expertise in cost management for medium to large capex projects involving multiple stakeholders. Bachelor’s degree in engineering, finance or a related field of study. Experience in implementing ERP or other financial systems. 3 to 5 years progressive work-related experience. 3 to 5 years industrial project experience Desired Qualities: Excellent leadership, people management, communication, and influencing skills. Ability to effectively manage, collaborate with, and influence key stakeholders. Adaptability and ability to thrive in a fast-paced environment. Proactive approach to project forecasting by engaging with the internal project team and contractors. Advanced Excel skills, proficiency in other…

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