Cost Controller

4 days ago


Doha, Baladīyat ad Dawḩah, Qatar Fusion Outsourcing and Services Full time

Responsibilities:

  • Deliver cost transparency and value to the business by applying cost control best practices based on IFRS and internal policies.
  • Promote a cost-oriented culture among client entities.
  • Ensure cost optimization by tracking expenditures and providing cost legitimacy.
  • Monitor financial transactions and ensure proper allocation in compliance with company policies.
  • Provide accurate financial data and analysis to support decision-making.

Activities:

Budgeting and Forecasting:

  • Assist the Senior Business Analyst in preparing annual budgets and closure forecasts in collaboration with department managers.
  • Support budget session presentations to management.
  • Prepare necessary SAP entries and supporting documentation for closure, including invoices, scheduled and manual accruals, and cost allocations.

Financial Reporting and Analysis:

  • Collect, organize, and validate financial information to ensure accurate representation of business reality.
  • Support monthly cost reporting with strong variance analysis compared to closure forecasts and budgets.
  • Ensure compliance with cost control measures to monitor and review project costs from inception to completion.
  • Maintain up-to-date analytical structures aligned with cost control principles.

Procurement and Invoice Validation:

  • Validate purchase requisitions (PR) and purchase orders (PO) raised by business units against budget availability.
  • Ensure proper processing of invoices, avoiding overdue payments.
  • Promote best practices in the Procure-to-Pay (P2P) process, ensuring invoices align with purchase orders.
  • Verify compliance with contracts, Joint Venture Agreements (JVA), and Delegation of Authority (DOA).

Audit and Compliance Support:

  • Support the Senior Business Analyst in responding to audit queries and resolving audit exceptions.
  • Ensure adherence to financial policies and governance standards in cost control practices.

Stakeholder Management:

  • Act as a visible finance support to business stakeholders, fostering open communication.
  • Establish strong relationships with spenders and project engineers to ensure financial accuracy.
  • Report changes and movements in business plans to the Senior Business Analyst.
  • Work closely with internal departments, supply chain teams, and external service providers to ensure cost efficiency.

Requirements:

Qualifications & Experience Required:

Technical Skills:

  • Minimum 5 years of experience in the Oil & Gas upstream industry.
  • Degree in Accounting, Finance, Engineering, or other business-related disciplines (Professional certification is a plus).
  • Strong knowledge of SAP and analytical skills in Excel (Power BI is a plus).
  • Solid understanding of demand/supply chain processes and accounting principles in the Oil & Gas industry.
  • Proficiency in cost allocations, accruals, and financial reporting.
  • Understanding of governance concepts in large organizations.

Soft Skills:

  • Strong communication skills (Finance to Technical, Technical to Finance).
  • Ability to synthesize complex financial information.
  • Capacity to work under pressure with tight deadlines while maintaining quality work.
  • Strong organizational and collaboration skills.
  • Active listening and team-oriented mindset.
  • Initiative and problem-solving abilities.
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