Senior Cost Controller

2 weeks ago

Singapore PEAK OCEAN PTE. LTD. Full time

The Senior Cost Controller is required to ensure all cost control function within the project are in compliance according to company / project corporate standards.


This position will also provide advice and guidance to Project Controls Manager and Project Manager relating to Cost Control and Reporting matters.


The Senior Cost Controller should be a self‐starter with a hands on approach in his / her work that includes being a team player.


Duties and Responsibilities:

  • Ensure all cost control standards, procedures and processes adhere to corporate guidelines from tendering, pre‐award to project execution and completion phases.
  • Develop project specific cost control procedures based on project requirements.
  • Setup, validate and develop CAPEX budget from BD budget for execution CAPEX.
  • Develop manpower plan for execution.
  • Set up and maintain the CBS (cost breakdown structure) based on project execution strategy and project requirements.
  • Liaise with site quantity surveyors on re‐measurable cost updates
  • Ensure all vendor commitments and actual costs are up to date and aligned with the project cost breakdown structure coding.
  • Ensure all intercompany invoices are captured in IFS system.

Cost Reporting:

  • Prepare and update the project cost report ensuring all cost changes and movements are tracked and supported with documentation as per reporting calendar.
  • Review, analyze and forecast the ETC (Estimate to Complete) and EAC (Estimate at Completion).
  • Liaise with project management team for project status updates and to validate monthly forecasting.
  • Prepare and update the monthly cash flow for submission to the Corporate Finance.
  • Maintain and update the man power plan including manhour reporting.

Variation Orders:


  • Forecast and anticipate cost impact on potential variation order requests from contractors.
  • Evaluate and assist to contract administrator for client VOs preparation.
  • Ensure all variation orders are captured into the cost report and forecasts.
  • Maintain and update the variation order registers for Client and Contractor.
  • Anticipate potential VORs to input to forecast.

IFS ERP Cost System:


  • Set up, maintain and control the Project Cost Data inside IFS ERP system.
  • Create purchase requests and performing good received for internal company billing.
  • Ensure all purchase orders and payments flow from Procurement and Finance Module into the Project Cost Module.
  • Provide guidance to project team on purchase request creation and receiving goods.
Liaise with IFS team for system errors and issues.

**Tender Support: - Provide tender support to develop CAPEX estimates for business development prospects.

  • Develop and maintain historical data for EPCIC norms for use in bid proposals and future bench marking initiatives.

Requirements:

  • An engineering degree from a good university is mandatory
  • Minimum of at least 10 years' experience in project controls, cost control, cost engineering or commercial role in the construction industry, preferably in the O&G sector.

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