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Cost Controller II 1

Location:

Kuala Lumpur, MY

Employment type: Employee

Place of work: Office

Offshore/Onshore: Onshore

TechnipFMC is committed to driving real change in the energy industry. Our ambition is to build a sustainable future through relentless innovation and global collaboration – and we want you to be part of it. You’ll be joining a culture that values curiosity, expertise, and ideas as well as equal opportunities, inclusion, and authenticity. Bring your unique energy to our team of more than 21,000 people worldwide, and discover a rewarding, fulfilling, and varied career that you can take in anywhere you want to go.

Job Purpose

To provide cost management by overseeing all financial aspects of Subsea Oil and Gas projects. This role ensures accurate forecasting, budgeting, and cost control throughout the project lifecycle, enabling informed decision-making and safeguarding profitability. Acting as the primary point of accountability for cost performance, the position drives compliance with financial standards, optimizes resource allocation, and delivers transparent reporting to stakeholders.

Job Description

1. Cost Planning & Budget Control

· Establish and maintain the project cost control structure (CBS/WBS alignment) in accordance with approved project baselines.

· Prepare and control project budgets, including validation of cost estimates and alignment with project scope and contractual requirements.

· Ensure proper cost loading, coding, and traceability within approved TechnipFMC cost control systems.

2. Cost Monitoring & Forecasting

· Track project actual costs and commitments, ensuring timely, accurate, and complete cost capture.

· Prepare periodic cost forecasts (EAC, ETC) using approved methodologies, incorporating performance trends, risks, and opportunities.

· Analyze variances between actuals, forecasts, and budgets; identify root causes and recommend corrective actions.

3. Performance Analysis & Reporting

· Develop and deliver high-quality Project Management Report and VOWD for the Project Management Team (PMT) and management reviews.

· Support monthly project reviews and management reporting cycles.

· Provide clear cost performance narratives, highlighting key drivers, risks, and mitigation actions

4. Risk, Opportunity & Change Management

· Support identification, quantification, and monitoring of cost risks and opportunities.

· Participate in change management processes, including evaluation of variations, claims support, and cost impact assessments.

· Ensure cost implications of scope changes are properly assessed, approved, and reflected in forecasts and budgets

5. Governance & Compliance

· Ensure compliance with TechnipFMC financial policies, procedures, internal controls, and audit requirements.

· Support internal and external audits by providing required documentation, analysis, and explanations.

· Maintain disciplined cost control practices aligned with TechnipFMC governance standards.

6. Collaboration & Stakeholder Interface

· Act as a key financial partner to Project Managers, Engineering, Procurement, Construction, and Finance teams.

· Provide guidance and mentoring to junior cost control personnel where applicable.

· Promote standardization, continuous improvement, and best practices in cost control processes.

You are meant for this job if:

· A bachelor’s degree in engineering, Finance, Accounting, or a related discipline.

· Minimum 5-8 years of proven experience in project cost control within EPC/EPCI environments, preferably on SPS, offshore or subsea.

· Prior exposure to the Oil & Gas sector or manufacturing projects is highly desirable.

· Strong command of professional English, with the ability to communicate effectively across multidisciplinary and multicultural teams.

· Solid expertise in project cost control methodologies, including budgeting, forecasting, cost reporting, variance analysis, and change management.

· Advanced analytical, numerical, and problem-solving skills, with high attention to accuracy and detail.

· Intermediate proficiency in Microsoft Excel, including the use of formulas, PivotTables, and data analysis techniques to support accurate cost tracking and reporting.

· Having prior experience with ERP systems such as SAP or Oracle GEOS is an added advantage

· A collaborative mindset, with the ability to build strong working relationships and contribute effectively within an integrated project team environment.

Skills

ERP Systems

Excel

Leadership Competencies

Act with Agility

Adopt a Growth Mindset

Being a global leader in the energy industry requires an inclusive and diverse environment. TechnipFMC promotes equal opportunities and inclusion by ensuring equal opportunities to all ages, races, ethnicities, religions, gender expressions, disabilities, or all other pluralities. We celebrate who you are and what you bring. Every voice matter and we encourage you to add to our culture.

TechnipFMC respects the rights and dignity of those it works with and promotes adherence to internationally recognized human rights principles for those in its value chain.

Learn more about TechnipFMC and find other open positions by visiting our Career Page.

Date posted: May 5, 2026

Requisition number: 17804

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