Job details

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Vacancy information

The Cost Controller ensures accurate, timely and value-added analysis and reporting on a project. The discipline contributes to the effective running of projects and comprises responsibility for, but not limited to cost performance status reporting.

The role ensures the provision of all Cost Control functionality on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities. The role reports to the Finance Manager and Cost Control Manager and operationally through the Project.


  • Ensure analysis and understanding of the Project Scope.
  • Develop a common understanding of the Tender budget through a review and analysis process with the relevant estimator and project team members.
  • Ensure the transfer of the Tender budget to the cost model to form the basis of future monitoring and control.
  • Prepare and establish the Cost Breakdown Structure and Budget Elements which describe the full structure to be used in the Cost Control System and that align into the Work Breakdown Structure.
  • Establish a project coding structure in accordance with the Group Guidelines taking into consideration the interface with the Project Planning Function, where applicable.
  • Ensure full coherence and utilisation of the Cost Control System and that it aligns with the Work Breakdown Structure for budgeting purposes and reporting key performance indicators throughout the project.
  • Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to team members with consideration of financial and other compliance legislation.
  • Ensure the use of standard, appropriate templates for internal performance reporting.
  • Ensure familiarity and comprehension of the Group.
  • Maintain constant awareness of progress of work by pro-actively collecting the necessary supporting material (planning and reports) and information from all reliable sources.
  • Ensure the timely coding, collection, analysis and reporting of all project expenditure, together with the budget holder(s).
  • Ensure the monitoring and reporting of project.
  • Conduct reconciliation of forecasted and actual expenditures and the production of project accruals.
  • Produce short- and long-term cash flow projections in a continuous and timely manner.
  • Produce audit reports and other audit information as required by internal & external audit teams.
  • Prepare the Project Monthly Status Report in association with the Package Manager.
  • Prepare Close Out Documentation both internally and externally relevant to the Function.
  • Ensure proactive methods in sharing knowledge and experience, raising areas of difficulty and concern and assisting in improving routines.
  • Participate in estimating Variations Orders, prepare supporting data and documentation.
  • Calculate and plan Estimate To Complete (ETC).
  • Ensure in-depth analysis and reporting of variances on a periodic basis as well as calculate on a monthly basis.
  • Ensure all costs are allocated to the right destinations (departments, contracting entities).
  • Interface with budget owners on a regular basis to review commitments.
  • Interface and establish good working relationships with Parent Project Cost Controllers.
  • Ensure information is fed back to Estimating department during project execution and at project closing whenever needed.
  • Prepare insurance claim documentation


  • Operate within the Business Code of Conduct
  • Support standards and procedures for the Project Controls function.
  • Operate according to Subsea 7’s Management Principles
  • Operate within legal frameworks and budgets


Preferred Experience and Education

  • Professional qualifications – Degree qualified ideally in Cost Management, Project Management or Finance will also be considered.
  • Broad experience (at least 7 years) of delivering Cost Control and various types and size of project (in EPCI industries is a plus)
  • Relevant previous experience at an appropriate level in the subsea or offshore environment
  • Experienced enough to work independently with a project team spread over Paris and Ghana
  • Finance experience is needed as duties include project accounting & insurance claim documentation,


  • Technical knowledge and application of Cost Control and associated systems
  • Proficient in Microsoft Excel
  • Proficient in English
  • Working knowledge of SAP desirable
  • Analytical mindset, meticulous to details and organized
  • Strong communication
  • Cultural awareness and sensitivity


  • Understanding of the Offshore Oil and Gas industry


This Role Profile outlines the main areas of responsibility; however, the role holder may be required to perform any other necessary duties within their experience and capabilities from time to time. The position is based in Lisbon, Portugal, but will require travels to Paris and Ghana.

We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.