Senior Cost Controller

The Cost Controller is responsible for monitoring, analyzing, and controlling project costs to ensure financial efficiency and compliance with budgets for Power Plants and Oil & Gas (O&G) Rehabilitation & Maintenance projects. This role involves tracking expenditures, forecasting costs, identifying variances, and implementing corrective actions to optimize project financial performance.

Requirements

1. Cost Monitoring & Control:

• Develop, implement, and maintain cost control procedures for rehabilitation and maintenance projects.

• Track and analyze project expenditures against approved budgets.

• Identify cost variances, investigate root causes, and recommend corrective actions.

• Ensure all project costs (labor, materials, subcontractors, equipment) are accurately recorded and reported.

2. Budgeting & Forecasting:

• Assist in preparing project budgets and cost estimates for rehabilitation and maintenance works.

• Update cost forecasts based on project progress, change orders, and market trends.

• Provide monthly cost reports, including Earned Value Analysis (EVA), to management.

3. Financial Reporting & Analysis:

• Prepare detailed cost reports, cash flow projections, and variance analysis.

• Liaise with project managers, engineers, and procurement teams to validate costs.

• Ensure compliance with company policies, accounting standards, and contractual obligations.

4. Contract & Change Order Management:

• Review and validate contractor/subcontractor invoices and change orders.

• Monitor contract terms to avoid cost overruns and disputes.

• Support claims management and dispute resolution related to project costs.

5. Risk Management & Cost Optimization:

• Identify financial risks and propose mitigation strategies.

• Recommend cost-saving measures without compromising quality or safety.

• Conduct cost benchmarking against industry standards.

6. Collaboration & Communication:

• Work closely with project teams, finance, and procurement departments.

• Present cost performance updates to senior management and stakeholders.

• Ensure alignment between cost control and project scheduling.

Qualifications & Skills:

• Bachelor’s degree in Engineering, Finance, Accounting, or Quantity Surveying.

• 5+ years of cost control experience in Power Plants, Oil & Gas, or Heavy Industrial Maintenance/Rehabilitation projects.

• Proficiency in cost control software (SAP, Oracle, Primavera, MS Project, Excel).

• Knowledge of Earned Value Management (EVM) and project accounting.

• Strong analytical and problem-solving skills.

• Attention to detail and accuracy in financial reporting.

• Excellent communication and presentation skills.

• Ability to work under pressure and meet deadlines.

• Familiarity with FIDIC contracts and industry best practices is a plus.

Work Environment:

• Office-based with occasional site visits to Power Plants/O&G facilities.

• May require travel to project locations.

Benefits

• Private Health Insurance
• Pension Plan
• Paid Time Off
• Training & Development
• Performance Bonus