Cost Controller

Job Purpose

The role of Project Finance team is to ensure timely, accurate, and robust control of Project financial activities, including periodic review of project progress and Estimate¬At¬Complete (EAC), management of project working capital, and thorough assessment of project risks and opportunities. The team of Project Controllers comprises strong performers with deep expertise in their field that contribute to our company’s success globally by anticipating and addressing challenging issues in project execution.

As a key member of our Project Finance team, the primary job responsibility of Project Controller will be to support the Project Manager in meeting project deliverables on time and under budget. In this role, the Project Controller will execute project controlling activities and perform a variety of analytical and reporting tasks. The Project Controller will be a top performer having a strong academic background and demonstrated stability in career progression with increased levels of responsibility.

Job Description

Act as a business partner to the Project manufacturing Manager (PMM) for project controlling and financial reporting activities. Understand system/project scope, contractual structure, client deliverables, and related schedule to establish/validate baseline project budget and margin.

Establish Project Work Breakdown Structure (WBS), Estimate­At­Complete (EAC), and Project Margin in preparation of project inbound at contract award.

Create project risk register to systematically document risks and opportunities, including justification for project holdback (if any); prepare comprehensive evaluation of cost escalation and contingencies.  Undertake periodic review of project progress to date, remaining scope of work, and actual and committed costs to validate planned costs and EAC.

Collaborate with PMM, Planners, Buyers, Warehouse & Logistics, and Shared Finance/Cost teams to maintain an up­to­date view of project progress to date, including EAC and project margin, and areas of future commercial risks and opportunities.  Act as custodian for financial processes; ensure integrity of data and adequate level of control documentation for any cost and margin revisions.

Additional Description

Project Reporting

Monitor actual financial performance against budget/forecast periodically; responsibility for overall sales revenue and gross margin reporting of the project.

Prepare project EAC and cost progress, and risks and opportunities updates for management discussion and reporting. Support reporting requirements for product lines and formulate ad­hoc analysis as required.

Working Capital & Currency Risk Management

Ensure price and cost currency risk is hedged at contract inception and at each VO through periodic currency exposure assessment (provided to Treasury team).

Month end Closing Activities

Participate in month end closing including preparation and entry of journal vouchers. Month end closing activities include review and validation of project actual costs, recording of cost accruals, and project settlement for POC revenue recognition.

Prepare monthly project financial reports and identify any project financial issues for improvements and solutions Participate in quarterly review of project status and financial schedules with external auditors.

You are meant for this job if:

Finance/Business Degree /Master qualification

5+ years’ experience of Cost Control depending on project size and complexity.

Experience with large companies and an ERP system, especially SAP

Experience in the oil and gas industry – Good to have.