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Chief Cost Optimization Professional

3 weeks ago

Singapore beBeeCostManagement Full time $100,000 - $150,000

Job Summary:

  • We are seeking a skilled Cost Management Specialist to oversee project costs and ensure alignment with budgets, forecasts, and actual expenditures.

The specialist will generate regular reports highlighting variances and suggest corrective measures to optimize financial performance.

Key Responsibilities:

  1. Project Cost Tracking: Track and manage project costs, providing dashboards and monthly reports for management.
  2. Cost Budgeting: Assist in preparing project budgets, forecasts, and cost estimates for new and ongoing initiatives.
  3. Cost Control Procedures: Implement and maintain cost control procedures tailored to each project, ensuring proper cost coding and classification.
  4. Financial Impact Evaluation: Evaluate the financial impact of project changes and support risk assessment and mitigation efforts.
  5. Vendor Management: Monitor spending on vendors, subcontractors, and internal resources; review invoices and claims for compliance with agreements.
  6. Collaboration: Collaborate with project teams to ensure accurate cost data and provide documentation for finance and audits.

Requirements:

  • Degree in Accounting, Finance, Engineering, or a related discipline.
  • Minimum of 5 years experience in cost management or project controls, ideally in energy, oil & gas, or infrastructure sectors.
  • Strong understanding of cost accounting, contracts, and financial principles.
  • Advanced MS Excel skills; experience with cost management software is a plus.
  • Ability to handle multiple projects in a dynamic environment.
  • Excellent analytical, communication, and stakeholder management skills.
  • Detail-oriented with a proactive, hands-on approach.

Bonus Points:

  • Proficiency in more than one programming language.
  • Experience working with cloud-based collaboration tools.
  • Familiarity with regulatory requirements and industry standards.

Why You'll Love This Role:

  • Meaningful work that drives business results.
  • Opportunities for professional growth and development.
  • Collaborative team environment.
  • Flexible work arrangements.