Senior Cost Controller

5 days ago

Singapore MODEC, Inc. Full time

**Overall Job Purpose**

To perform single or multiple specific tasks in developing and maintaining a cost control plan for a designated section of assigned project(s) or less complex assignments, and prepare relevant reporting and analysis to effectively and efficiently communicate project cost status at regular intervals.

**Core Responsibilities**
- Collate and compile independently the necessary information to support timely cost data consolidation, analysis and reporting.
- Understand the requirements of the approved cost control procedures and ensure proper implementation in the course of work.
- Develop and maintain detailed cost control plans using Company tools and best industry practices.
- Set-up Cost Breakdown Structure and allocate budget, resources, and any other data required into the system.
- Derive and consolidate the commitments and actual costs for one or more portions of the scope of work.
- Review, analyze and update accurate forecasts for one or more portions of the scope work by using best industry practices.
- Track budget variances and challenge budget owners on any deviation from approved cost baseline.
- Generate and distribute internal cost report for part or the entire scope of work on a regular basis and as per Company standards.
- Reconcile project cost reporting with accounting and financial records.
- Review subcontractors’ invoices for accuracy and completeness and ensure that costs are allocated with the correct coding.
- Review Change Order requests and/or potential variations that impact project budget and forecasts and maintain appropriate register.
- Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
- Contribute and participate to the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risks’ occurrences.
- Perform cost risk analysis to define accurate contingency reserve by using company tools and best industry practices.
- Provide guidance and support to less experienced cost control staff as required.

**Qualifications & Experience**
- Degree in Engineering, Science, Business Management, or Operations Management
- AACE certification (CCT or CCP) preferred.
- 8 years of cost engineering experience in Oil & Gas industry (or) 12 years of cost engineering experience in other industries with understanding of technical knowledge of Oil & Gas process and FPSO projects
- Previous working experience in a senior role is preferred.
- SAP (preferred) or different ERP system
- Microsoft Office Excel

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