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Vacancy information


We are Subsea 7, a world-leading seabed-to-surface contractor in the oil, gas and renewable industry. We are collaborative, curious and always open to learn. Our people bring new perspectives and smart technology to some of the most challenging and inspiring energy projects around the world.

Diversity makes us smarter. You will be surrounded by a diverse, international community of experts, who bring different skills and ideas that help us challenge the status quo and inspire innovation.

Proactive participation in the Energy Transition is at the heart of Subsea 7’s evolution. Our target is to achieve Net Zero greenhouse gas emissions by 2050. By joining Subsea 7, you become part of a team of people leading the way - shaping the subsea future.


We have an exciting opportunity for Project Cost Controller/Senior Project Cost Controller to join the Norway Finance Team. 

The Project Cost Controller/Senior 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 Cost Control Manager and directly to Project Services Manager on a specific project.


Key responsibilities:

  • 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.
  • Establish interdependence with Contract WBS, Plan and Budget/Forecast
  • 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
  • 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
  • Responsible for production of Client cost reporting package on a monthly basis
  • Prepare monthly invoices to Client
  • Prepare and/or review Close-out Documentation, both internally and externally


We can offer:

  • A very good working environment and collaboration culture
  • Challenging and exciting workdays
  • Personal development and career opportunities
  • Competitive terms including attractive insurance policies and pension schemes
  • Sports & Social clubs with social and recreational activities for both you and your family
  • Workplace flexibility


Capability profile / Qualifications:

  • Professional qualifications - University level Business Degree, ideally in Cost Management, Project Management, Finance or Accounting
  • We are looking for the hole range of cost controllers, from junior to senior
  • Relevant previous experience of establishing and performing Cost Control on projects in the subsea or offshore environment
  • Technical knowledge and application of Cost Control and associated systems
  • Experience in SAP and/or EcoSys is an advantage
  • Strong Excel knowledge
  • Good communication, collaboration and analytical skills
  • Self-motivated, hands-on, proactive and independent


Applications will be reviewed as received.


For queries regarding the position, please contact:

Christina Oddane, Norway Cost Control Manager, +47 51 72 54 19



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