Cost Control Lead

4 days ago

Singapore HANWHA OFFSHORE SOLUTIONS SINGAPORE PTE. LTD. Full time

**Responsibilities**:

- Leads the organization of cost control rules and procedures specific to initiatives, ensuring overall project consolidation (cost management procedures, booking structure, and rules).
- Manages cost reporting (budget, actuals, forecast) for projects and analyzing the results.
- Coordinates with the Cost Control team in central and regional offices, and providing support for budget estimation for new initiatives.
- Ensures the setup of Project Cost Control for Project Execution Excellence initiatives, aligning with Head Office (HO) Internal standards and project/contractual requirements.
- Coordinates the cost control efforts for all projects, including studies, bids and proposal, pre-FEEDs, EPCI projects.
- Works with each discipline leads to obtains and update cost reports showing cost impacts to budgets and forecasts.
- Gathers project manhours and equivalent manpower histograms and report actual against planned and forecasts.
- Works closely with finance and accounting ensuring all costs and expenditures are appropriately reported in the cost report.
- Supports the change management process ensuring changes and variations are reported in the cost report.
- Supports Project Controls Manager in the development and reporting of business units / department budgets.
- Reviews cost reports from vendors and subcontractors and update and report cost impacts to project budgets and forecasts.
- Works with Procurement / Supply Chain in reporting of purchasing budgets and commitments and cost changes on equipment packages.
- Responsible for the development of CTR’s in support of projects and bid proposals.
- Works closely with estimating and commercial to gather cost estimates for translation into pricing templates.
- Works closely with Risk Manager to understand risk threats, opportunities, and its cost consequences and confirm validity of project build-up of contingencies.
- Works closely with project managers, discipline leads to prepare and update weekly, bi-weekly, monthly, quarterly, yearly project status/progress reports.
- Supports Project Controls Manager, Risk Manager, Estimating Manager in the development of OBU specifications, policies, and procedures.
- Performs other duties as requested by Management.

**Requirements**:

- Technical/Tertiary education at Bachelor’s Degree level; Master’s Degree is added advantage.
- Minimum 10 to 15+ years of experience in the oil and gas industry within the Cost Controls function, with a proven track record in leadership roles.
- Extensive experience in major offshore project execution, demonstrating expertise in overseeing and managing project cost control functions.
- Strong background in the FPSO/FSO/FLNG sector is highly desirable.
- Experience in Cost Control management for EPCI projects, including work at the yard, ensuring cost efficiency throughout the project lifecycle.
- Exceptional communication skills, both verbal and written, with proficiency in English for report writing, presentations, and effective diplomacy and assertiveness when interacting with stakeholders.
- Proven ability to independently prioritize and manage multiple tasks in a fast-paced environment, while maintaining attention to detail and meeting deadlines.
- Strong proactive approach to problem-solving, with the ability to work collaboratively with all team members, departments, and clients to achieve successful project outcomes.

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