About the Role
The project cost controller will be accountable for managing and reviewing project cost control aspects, including budgets, commitments, Value of Work Done (VOWD), forecasting, change control, and cost phasing by source currency. This role requires the maintenance of cost management tools and relevant reports to ensure that all cost data is accurately represented, ultimately providing standard cost outputs to Project Management and other stakeholders.
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Job Specific Accountabilities
- Provide assurance to Project Management that project final forecast cost and VOWD are accurate.
- Provide commentary and insight on cost performance.
- Support the coordination and consolidation of monthly cost information for the project.
- Provide support to overall Project Controls reporting on a weekly/monthly basis.
- Work with procurement and finance teams to ensure clear roles and responsibilities.
- Ensure correct coding of all requisitions, purchase orders, contracts, invoices, and estimates, while developing and maintaining all required cost logs and registers in accordance with procedures and guidelines.
- Ensure contractor compliance with contractual cost control requirements as detailed within the contract call-off.
- Support verification of contractor and supplier invoices for payment via pre-approved payment certificates.
- Investigate, analyze, and prepare Cost Reports to highlight Budget Utilization along with variance details to support effective Performance and Cost Control.
- Evaluate Variation Requests/Claims by Contractors, conducting in-depth analysis of all cost-related submittals from Consultants, and prepare counter estimates considering the contractual schedule of unit rates for variations, offering recommendations to Management for approval.
- Prepare Monthly Cost Status Reports and periodic cost information reports for the company.
- Prepare Annual Capital and Operating budgets for Projects Group and their updating.
Minimum Qualification
- Bachelor Degree in Engineering or equivalent Professional Qualification.
Minimum Experience, Knowledge & Skills
- A minimum of 8 years of experience in Cost Control for large projects within the Oil and Gas industry.
- Cost Estimation & Cost Control Certification (like ACE) and experience with Cost Estimation Software (e.g., k-base, @Risk) is desirable.
- Thorough understanding of cost control, cost estimation, and budgeting principles.
- Strong experience in executing project cost control, estimating, and budgeting activities in the oil and gas industry.
- In-depth knowledge of oil and gas industry codes and standards, with proven ability to apply these to cost control and estimation of oil and gas projects.
- Strong experience in preparing and reviewing cost estimates submitted by Pre-FEED/FEED Engineers and PMCs.
Professional Certifications
- PMP certification is preferred.
