Lead Cost Controller

4 weeks ago


Singapore BRUNEL INTERNATIONAL SOUTH EAST ASIA PTE. LTD. Full time
Roles & Responsibilities

Overall Job Purpose

To lead a team of cost controllers to efficiently perform the cost control process for the assigned project(s), including regular project cost status reviews, cost variance analysis, and reporting to relevant stakeholders.

Core Responsibilities
  • Coordinate all efforts to collate and compile the necessary information to support timely cost data consolidation, analysis, and reporting.
  • Develop project cost control procedures in accordance with project requirements and corporate standards, ensuring proper implementation throughout the work.
  • Develop and maintain detailed cost control plans using company tools and best industry practices; organize and maintain the integrity of collected cost information.
  • Set up Cost Breakdown Structure and allocate budget, resources, and other required data into the system.
  • Lead the derivation and consolidation of commitments and actual costs by ensuring proper data collection from various systems and offices (e.g., ERP system, timesheet system, construction yards database).
  • Review, analyze, and update accurate forecasts of the assigned project(s) using company standards and best industry practices.
  • Conduct cost performance analysis, including variance, productivity, and Earned Value analysis.
  • Ensure regular reporting is produced and distributed to relevant stakeholders as per company and project requirements, providing details on control budget, commitments, actuals, forecasts, reasons for deviations, and suggested mitigation actions.
  • Lead the reconciliation with the accounting system and accruals derivation; manage the interfaces between Cost Control (cost controllers and/or cost engineers) and Finance (cost accountants) by defining responsibilities, timing, and interface documentation or information.
  • Provide information for currency hedging to Finance.
  • Review and analyze Change Order requests and/or potential variations that impact project budget and forecasts, and maintain an appropriate register.
  • Establish appropriate coordination with other project functions to ensure compatibility with Cost Control requirements and timely information flow.
  • Contribute to and participate in the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risk occurrences.
  • Perform cost risk quantitative analysis to define accurate contingency reserves using company tools and best industry practices.
  • Mentor, train, and develop cost control staff as required.
  • Assist in setting goals and reviewing the performance of assigned project cost control team members.
  • Collate and submit lessons learned and historical data to relevant stakeholders.
Work Relationships
  • Report to Project Controls Department Manager or Cost Control Section Lead when not assigned to a specific project.
  • Report to Project Controls Manager or another Project Controls position based on project complexity and relevant organogram (e.g., Cost Control Manager, Cost Control Supervisor).
  • Deal extensively with internal stakeholders such as Finance, Engineering, Planning, Document Control, Project Management, Procurement, Construction, Contracts, Quality, Operations, etc.
  • Frequently interact with yards and engineering subcontractors on all aspects related to cost control and invoicing.
  • Occasionally interact with the client’s cost control representative if required by the project and delegated by the direct report.
Educational Qualification

Degree in Engineering, Science, Business Management, or Operations Management.

Certification(s)

AACE certification (CCT or CCP) will be advantageous.

Relevant Experience
  • 10 years of cost engineering experience in the Oil & Gas industry specific to FPSO projects or
  • 15 years with other industries with an understanding of the technical knowledge of Oil & Gas processes
  • Previous working experience in a lead role is preferred.

Tell employers what skills you have

Construction
Consolidation
ERP
Value Analysis
Invoicing
Project Risk Management
Procurement
Accruals
FPSO
Cost Variance Analysis
Cost Engineering
Financial Closing
Cost Control
Project Cost
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