Project Cost Controller
4 days ago
We are looking for a Project Cost Controller for one of our clients with the following details :
End Date : 31-MAY-2027
Work status : Resident, Single
ACTIVITIES- To promote & comply with applicable safety instruction and other Company HSE procedures in all activities.
- To carry out work in compliance with Company values and policies, relevant laws, and regulations, agreed Company priorities and objectives, Company standards and procedures and good industry practices.
- To treat all information obtained during course of the work with confidentiality.
- The Job holder must be willing to participate in crisis response training and to assist during emergency response situations if required.
- To prepare for review dedicated yearly and LOP forecasts data for the package.
- To prepare for review the detailed annual budget and updates in liaison with various internal entities and disciplines leads.
- To participate in the presentation and to defend the budget performance as required.
- To control budget availability for each commitment.
- To ensure budget control, highlighting current trends and to justify variances between Forecast and Budget.
- To establish register, to update, monitor and control the commitments, expenditure incurred and forecast for all contracts and purchase orders managed by Major Projects.
- To perform specific Cost Analysis.
- To provide input to the PALM (SAP) system, with regard to commitments, payment schedules, invoicing, time sheets and cost control issues, as required.
- Liaise with the COMPANY Finance entity to ensure that G&A and other common costs are charged fairly to the Major Project budgets.
- To prepare the monthly closure and make sure accruals done in PALM system are in accordance with current project(s) progress.
- To prepare all necessary documents as necessary for compliance regarding accruals.
- To issue a detailed internal and external monthly cost report (Trends, Areas of Concern, Budget Variance analysis, Commitment / Expenditure figures, forecast at completion etc.) with comments and advise Project / Package Management on cost over-runs in a timely manner.
- To ensure correct and auditable records of all matters with Project expenditures, contracts, budgets, cash flows, forecasts, etc.
- To supervise the contractors and suppliers cost control activities.
- To deliver monthly cash forecasts for the perimeter.
- To implement an efficient invoicing process and comprehensive control of the services to company.
- To check and monitor invoices, in liaison with COMPANY accounting department to enable timely payment of invoices.
- To develop, communicate and implement procedures to ensure the efficient organization and operation of the Project budget and cost control activities.
- To advise, during project setup post award, contractors on key commercial requirements (invoicing format and submission, cost reporting etc.).
- To anticipate additional requirement for cost control support during execution of the project(s).
- To promote cost consciousness within the entity.
- To ensure confidentiality is being kept as per sensitive data.
- To liaise with internal and external auditors for cost justification.
- To prepare the required cost recovery related documentation.
- To liaise actively with COMPANY Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes.).
- To carry out any other duties or tasks that may be assigned by hierarchical superiors.
- Degree in Economics or equivalent.
- Minimum 5 years' experience in similar activities for oil & gas projects.
- Advanced knowledge & experience in use of relevant computer systems (SAP, BW, Excel, Word, PowerPoint, Access, Power Query, Power BI).
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