Senior Projects Cost Controller

2 months ago

Doha, Qatar MPH Global Services Full time

Industry: Oil & Gas
City/Country: Doha, Qatar
Location: Doha

We are looking for a** Senior Projects Cost Controller **for one of our clients with the following details:
**Location: Doha**

**Doha Logistics allowance: SINGLE status**

**Mob date: 01-JAN-2024**

**Demob date: 31-DEC-2025**

**Resignation: 2 months' notice period**

Qualification and Experience Required:

- Degree in Economics or equivalent
- Minimum 10 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)
- Fluency in English

Accountabilities

In conformity with the guidelines, timeframes, and practices of the company's Finance & Cost Control:

- Should be responsible for the running cost model's development and ongoing improvement.
- To prepare/revise and distribute the cost centre's comprehensive budgets.
- In-charge of the project's cost reporting, monitoring of allotted expenses, time tracking, and monitoring of the activities involved in processing invoices and their associated KPI reports.
- Master Control Estimate/Current Control Estimate (MCE/CCE) development and maintenance

Activities
- To promote and adhere to applicable safety guidelines and other company's HSE policies 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

Tender
- To support in preparation of Contract documents and provide challenge to the commercial and reimbursable terms, ensure CBS is aligned with WBS.
- To liaise with VP, Project managers and B&D entity to review Cost Estimate based on benchmark data
- To support in preparing project CAPEX for Final Investment Decision

Budget
- To prepare for review of the annual detailed budget and revisions by consulting with various internal entities and adhering to the finance department's prescribed the company's budget standard format.
- Accountable for the presentation and for providing the necessary defense of the budget performance
- To control the amount of money available for each commitment
- To maintain budgetary discipline, highlight current trends, and explain differences between forecasts and budgets
- To create a record of all commitments, expenditures incurred, and forecasted expenditures for all contracts and purchase orders controlled by Major Projects; to update, monitor, and regulate this register.
- To carry out particular Cost Analysis
- To contribute to the PALM system as needed with respect to commitments, payment schedules, invoicing, time sheets, and cost control issues.
- With Project Control and the training department, review the MP training matrix and make sure that training is given as needed.

Closure:

- To prepare the monthly closure and ensure that accruals made in the PALM system are consistent with the status of the current project(s)
- To compile the required documentation for compliance with accruals.

Cost reporting:

- To timely provide project management with a complete internal cost report (including Trends, Areas of Concern, Budget Variance Analysis, Commitment/Expenditure Figures, Forecast at Completion, TW, AK Follow Up, etc.) with comments.
- To make sure that all information about project expenditures, contracts, budgets, cash flows, forecasts, etc. is accurate and auditable.
- To act as the interface with the company's Finance entity and provide them with data for incorporation in corporate financial documents
- To supervise the contractors and suppliers cost control activities

Invoicing:

- To put in place an effective billing procedure between the various project locations
- To keep track of invoices and work with the company Accounting to ensure prompt payment of invoices
- Setting up and enhancing the CDS mechanism.

General:

- To promote cost consciousness within the entity
- To ensure confidentially 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 the company Finance entity for all matters related to cost and accounting as required (Commitments, invoice processing and payment, accruals, payment claims and disputes...)
- To prepare commercial close out of each contract and archive all financial documentation as per company guidelines, for the MP costs center
- To carry out any other duties or tasks that may be assigned by hierarchical superiors

**If Interested Kindly apply.

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