Cost Controller

4 hours ago

Kuala Lumpur, Kuala Lumpur, Malaysia Peak Ocean Pte Ltd Full time 120,000 - 180,000 per year

Responsibilities:

  • Collate and compile independently the necessary information to support timely cost data consolidation, analysis and reporting.
  • Understand the requirements of the approved cost control procedures and ensure proper implementation in the course of work.
  • Develop and maintain detailed cost control plans using Company tools and best industry practices.
  • Set-up Cost Breakdown Structure and allocate budget, resources, and any other data required into the system.
  • Derive and consolidate the commitments and actual costs for one or more portions of the scope of work.
  • Review, analyze and update accurate forecasts for one or more portions of the scope work by using best industry practices.
  • Track budget variances and challenge budget owners on any deviation from approved cost baseline.
  • Generate and distribute internal cost report for part or the entire scope of work on a regular basis and as per Company standards.
  • Reconcile project cost reporting with accounting and financial records.
  • Review subcontractors' invoices for accuracy and completeness and ensure that costs are allocated with the correct coding.
  • Review Change Order requests and/or potential variations that impact project budget and forecasts, and maintain appropriate register.
  • Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
  • Contribute and participate to the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risks' occurrences.
  • Perform cost risk analysis to define accurate contingency reserve by using company tools and best industry practices.
  • Provide guidance and support to less experienced cost control staff as required.

Requirements/Qualification:

  • Degree in Engineering, Science, Business Management, or Operations Management.
  • AACE certification (CCT or CCP) preferred.
  • 8 years of cost engineering experience in Oil & Gas industry or 12 years of cost engineering experience in other industries with understanding of technical knowledge of Oil & Gas process and FPSO projects.
  • Previous working experience in a senior role is preferred.
  • Experience with SAP (preferred) or different ERP system.

Job Type: Contract

Contract length: 12 months

Work Location: In person

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