Senior Cost Controller Role

About the job


The Senior Cost Controller is responsible for estimating and controlling assigned project(s) costs to ensure that projects are completed within budget.
The Project Cost Controller is expected to work together with project managers to help them meet budgeting goals


Responsibilities


Responsible for setting up Cost Control Procedures and process flow charts for assigned GMC project(s)
Responsible for setting up budgets to follow the project costs for assigned projects
Responsible for preparing Estimation of Total Forecasts, Quantity/Costs and Expected Outcomes
Assists the Contract Site Representative in optimizing and improving their budget profits
Liaise with Finance and other departments to effectively handle and coordinate cost-related activities
Assist the assigned Project(s) to point out the items with the most significant impact on the cost
Preparing change orders or claims and follows up
Prepare the monthly project cost, management report and cashflow for assigned Project(s)
Responsible for the control and monitoring of project total expenditure including verifying progress works statements and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded
Provide cost-controlling support for all projects or designated projects which includes variation reporting monitoring of milestone progress to the preparation of customer billing processes
Ensures effective project implementation and utilizes productive reports from the creation of Work Base Structure (WBS) with the use of project management systems to monitor the status of all purchases, invoicing and delivery up to the closure of the project
Prepare the project budget and revise them thrice (3 times) in a year and prepare the justification for the variances with the original budget and the revised budget.
Prepare monthly Project Status Report (PSR); Perform project costing related reporting to the team and management’s review on a monthly basis to ensure that expenditures are kept within the project budget
Coordinate with the Planning engineer to prepare the project status reports as required
Efficiently work as a Cost Control Engineer to effectively foresee problems before hand and mitigate the impact by appropriate timely actions


Qualifications


A bachelor's degree in Project management, Accounting, Banking and finance, Engineering or related discipline
5 - 7 years’ experience in Project Control and Cost Management within the Oil and Gas sector
Good interpersonal and collaborating skills
Extensive qualitative and quantitative analytical skills, with the ability to assimilate information quickly and present findings in a concise and meaningful way
Business Support Acumen
Demonstrate experience in all aspects of project controls management to support the full project life cycle and in ensuring that deliverables meeting project requirements Effective Documentation