Project Cost Controller

2 days ago

Petaling Jaya, Selangor, Malaysia Uzma Group Full time 80,000 - 120,000 per year

Job Purpose

To monitor, analyze, control, and report project costs to ensure the project is delivered within the approved budget while supporting decision-making throughout the project lifecycle.

Job Responsibilities

1) Cost Tracking & Monitoring

  • Maintain and update the project budget, commitments, and actual costs.
  • Track expenditures across Engineering, Procurement, Fabrication, Installation, and Commissioning.
  • Ensure correct cost coding and allocation based on the Cost Breakdown Structure (CBS).
  • Verify and validate vendor and subcontractor invoices before approval.

2) Forecasting & Variance Analysis

  • Prepare monthly cost forecasts and Estimate at Completion (EAC).
  • Identify variances between budget, planned cost, and actual cost.
  • Investigate reasons for deviations and propose corrective actions.
  • Update cost-to-complete (CTC) based on project progress.

3) Reporting

  • Prepare monthly cost reports (MCR) for management and client (if required).
  • Develop cash flow reports, cost trends, and dashboards.
  • Highlight cost risks, deviations, and opportunities during review meetings.

4) Change & Risk Management

  • Support assessment of cost impact arising from: scope changes, engineering revisions, procurement delays, subcontractor claims, schedule impacts
  • Assist Contract
  • Team with variation order (VO) preparation and justification.

5) Coordinate & Interface

  • Liaise with Planning, Engineering, Procurement, Construction, and Finance teams.
  • Ensure alignment between schedule progress and cost reporting.
  • Support project close-out including final cost reporting and reconciliation.

Job Requirements

  • Degree/Diploma in Accounting, Finance, Engineering, Quantity Surveying, or related field.
  • 5-7 years of relevant experience in cost control for EPC/EPCIC/O&G projects.
  • Familiar with cost control systems, basic contract terms, and procurement processes.
  • Proficiency in Excel (pivot, lookup, formulas), ERP tools.
  • Strong analytical and numerical skills.
  • Good communication and coordination skills.
  • Detail-oriented with strong documentation discipline.
  • Ability to work under pressure and meet monthly reporting deadlines.
  • Understanding of project controls methodology (WBS, cost coding, progress measurement).
  • Office-based with periodic visits to fabrication yards, vendor workshops, or offshore sites.
  • Extended work hours during reporting cycles or peak project phases.

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