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We are Subsea7, a global leader in the delivery of offshore projects and services for the energy industry. We make offshore energy transition possible through the continuous evolution of lower-carbon oil and gas and by enabling the growth of renewables and emerging energy. 

At Subsea7, we are looking for people who think differently. We want people who can bring new ideas and who are willing to take on challenges that will enable us to make a positive impact on a global stage. 

In turn we will lift you up and encourage you to go further.  Onshore or offshore, embark on a journey of opportunities, continuous learning and development. 

Start your journey with us today. 

Title:  Senior Cost Controller

Location: 

Baku, AZ

Job Closing Date:  12 May 2026

Join a global leader in offshore energy as we expand our team in Baku, Azerbaijan.  We are hiring a Senior Cost Controller on a full-time, contract basis to join our UK & Global IRM division for an initial period of 12 months.

 

As a Senior Cost Controller, you will play a key role in delivering accurate, timely and insightful analysis across our projects. You’ll take ownership of cost performance reporting and ensure cost control processes are in place, from budget setup and forecasting to financial systems management, change control, variation estimating and both internal and external reporting.

 

Our UK & Global IRM division are the team responsible for the practical execution and delivery of a variety of IRM and Construction Projects across the world. They work with a variety of projects, ranging from IRM (Inspection, Repair and Maintenance) work to large EPIC projects, including working with our Bundles Pipeline technology. 

What will you be doing?

This will be a varied role but some of the main responsibilities include:

 

  • Review and analyse the as-sold budget and cash plan, modify and detail this plan 
  • Develop a common understanding by the budget holders of the Tender budget through a review and analysis process
  • Prepare and establish the Cost Work Breakdown Structure and Cost Model 
  • Ensure the timely coding, collection, analysis and reporting of all project expenditure and revenues, together with the budget holders 
  • Ensure all costs are allocated to the right destinations (departments, contracting entities) 
  • Compute Actual Cost of Work Performed (ACWP) 
  • Calculate and plan Estimate To Complete (ETC) 
  • Interface with budget owners on a regular basis to review commitments and the Estimate At Completion (EAC) 
  • Participate on estimate of Variations Orders, prepare supporting data and documentation and implement validated VO budgets into the cost control system  
  • Conduct reconciliation of actual expenditures & revenues and produce monthly project accruals and determine profitability in accordance with accounting principles and guidelines 
  • Ensure in-depth analysis, understanding and reporting of variances  
  • Maintain, prepare and assist in presentation of internal cost models and project review reports 
  • Prepare and issue all project sales invoices including focus on unbilled and debtor management including the DSO (days sales outstanding) KPI 
  • Prepare Close Out Documentation both internally and externally relevant to the Function 

 

What experience would we like you to have?

Please note, if you don’t tick all the boxes below but feel you have some of the relevant skills and experience, we’re looking for, please do consider applying.  We would encourage you to apply with a CV that highlights your transferable skills and experience.

 

  • Finance or Business-related higher qualification but where a good level of experience in a similar role can be shown this will be considered  
  • Membership to a relevant Professional body
  • Previous experience of delivering Cost Control for various types and sizes of projects in the Subsea or Offshore industry
  • Previous experience with cost accounting, joint venture accounting, and production sharing agreements (PSAs) or Risk sharing agreements (RSAs) is desirable 
  • Knowledge of Azerbaijani tax laws, IFRS, and oil & gas industry financial regulations 
  • Good practical knowledge of Excel is required and working experience with SAP is desirable 
  • Fluency in English and Azerbaijani 

 

#LI-LR1

 

An environment where you can thrive 
We recognise that having a diverse team makes us a better, smarter team. Diversity is something we value and regard it as key to our success. 

We encourage new ways of thinking and celebrate our wide range of skills that help us continually challenge the status quo and inspire innovation. An inclusive and diverse environment fosters creativity, improves decision-making and introduces new ways of thinking. 

Our people are at the heart of what we do at Subsea7 and we are committed to creating an environment where everyone can thrive. Fair employment practices, fair treatment for all individuals and equal opportunity on the basis of merit are the foundation of how we work and develop together. 

What happens next? 
If you would like to apply for this role, simply click the Apply button found on this page.   

You may be prompted to set up a profile with us. It’s quick and easy to do.  Or, if you have already created a profile with us, simply log in and submit your application. 

Here are 3 top tips to help you submit a successful application: 

•    Make sure your CV is up-to-date and highlights the transferable skills and experience you can bring to this role. 
•    We would encourage you to include a cover letter as part of your application. It’s your chance to tell us why you would be a brilliant addition to our team. 
•    Take your time with your application and check there are no errors before final submission  
 
Once you have submitted your application, we will be in touch as soon as possible with next steps. 
To find out more about Subsea7 visit our website here

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