Job details

Beware Recruitment Scams
Please be on your guard against recruitment scams. These are increasingly being carried out online through false job advertisements, job websites, unsolicited emails, or bogus recruiters purporting to be from Subsea 7. As a company, we treat this fraud very seriously, and ask that you read our Recruitment Fraud guidance, to help you spot the signs of a scam.

Sorry, this vacancy is now closed

Vacancy information


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



Generic Key Responsibilities & Activities


  • Responsible for the efficient, timely, accurate and cost effective management and delivery of the cost control activities within assigned projects
  • Continuously ensure that a change management process is in place and be pro-active in early identification of deviations and corrective actions
  • Ensure full coherence and utilization of cost control systems for budgeting purposes and report key performance indicators throughout the project
  • Establish and maintain project coding WBS/NWA structure
  • Prepare cost and financial input to the PMSR (Project Monthly Status Report)
  • Analyze variances from As Sold to Current Estimate At Completion by building a detailed monthly analysis of variances from prior forecast
  • Interface with budget owners to review budgets and commitments
  • Assist the Project Manager / Project Services Manager in the preparation of a monthly financial sensitivity analysis
  • Participate in estimation of Variation Orders, prepare supporting data and documentation and evaluate Variation Orders performance
  • Perform monthly accounting closing, determine, explain and post project cost accruals and unbilled Revenue in SAP monthly
  • Determine project Job Income based on cost complete method monthly
  • Prepare and issue all project invoices and maintain invoice register updated. Prepare the Revenue Reconciliation monthly
  • Identify any unbilled issues to optimize the billing possibilities for the billing period
  • Prepare project cash flows in support of the Group's Treasury requirements for cash flow forecasting
  • Ensure compliance with all relevant policies, process and procedures and strive for continual improvement and the application of best practice


This Job Description must not be interpreted as a complete summary of job responsibilities or limitation of job holder accountability. The Job Holder may be required to perform any other necessary duties within their experience and capabilities from time to time. 




  • Bachelor degree qualified ideally in Cost Management, Project Management, Finance or Engineering
  • Broad experience of delivering Cost Control on various types and size of project or relevant previous experience at an appropriate level in the subsea or offshore environment
  • Experience in SAP and EcoSys
  • Strong Excel knowledge
  • Accounting skills
  • Excellent communication skills
  • Excellent analytical skills. Comfortable with numbers manipulation
  • Ability to proactively look for and identify improvement solutions
  • A high attention to detail and a fundamental desire for delivering the best possible product at all time, including the ability to deal efficiently with priorities and manage time appropriately




Houston, Texas