Project Cost Controller
Location: Sharjah- UAE
Subsea 7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, with over 80 nationalities across more than 30 countries. Everywhere we operate, our people are inspired to develop new ways of working and adapt to the changing energy industry.
We provide project management, engineering and construction expertise across the full field lifecycle. These services are delivered within three operational business units: Subsea and Conventional, Life of Field, and Renewables and Heavy Lifting.
Within Africa, Middle East & Caspian region (AMEC), we safely execute Subsea and Conventional projects which connect seabed wellhead infrastructures to surface facilities such as platforms and floating production systems. We are actively present in a significant number of countries in Africa, Europe, Caspian Sea, Middle East and Asia.
Role Overview
The position shall form part of the Project Cost Control team and the Finance Department.
The Project Cost Controller ensures accurate, timely and value added analysis and reporting on a project or projects. 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 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 functionally to Finance Cost Control Manager and Directly to Project Manager/Director on a specific project.
Key Responsibilities
- Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to all team members
- Develop a common understanding of the Tender budget and ensure its transfer to the cost management system in order to establish first project forecast
- Establish a project coding structure in accordance with the Group guidelines.
- Assist/liaise with Project Planner for maintenance of project WBS and NWA structures
- Oversee the timely coding, collection, analysis and reporting of all project expenditure, together with budget holder(s)
- Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals
- Responsible for the overall coordination of changes to the forecast based on inputs from Client, project management and other project team members as applicable
- Perform monthly closing adjustment in accounts: determine and post cost accruals and unbilled revenue, calculate and post revenue adjustments when its recognition is based upon cost progress
- Prepare and load forecast revenue and costs per period in the reporting tool
- Ensure in-depth analysis and reporting of variances on a monthly basis
- Prepare/compile cost and financial input to the PMSR (Project Monthly Status Report)
- Provide accurate project long term cash flow forecast on a monthly basis
- Perform economic analysis, deviations, probability, and support project management on any accounting issues and reporting related to the project
- Participate in estimation of Variation Orders, prepare supporting data and documentation and evaluate the economic impact of variations in scope of work
- Assist project contract team with the preparation of monthly invoices to Client
- Prepare and/or review Close-Out Documentation, both internally and externally
Requirements
- University level Business Degree, ideally in Cost Management, Project Management, Finance or Engineering
- Minimum 5 years relevant Experience of establishing and performing Cost Control on various types and size of projects.
- Relevant previous experience at an appropriate level in the subsea or offshore environment
- Technical knowledge and application of Cost Control and associated systems
- Accounting skills
- Experience in SAP is an advantage
- Strong Excel knowledge
- Good communication skills
- English fluent
MANAGEMENT OF APPLICATIONS
All applicants that meet the job criteria will be contacted in the next two weeks by the recruitment team. Remaining applications will be integrated in our database and considered in future job opportunities.
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