Senior Cost Controller

2 weeks ago

Singapore OceanSTAR Elite Engineering Groups Pte. Ltd. Full time $120,000 - $240,000 per year
Position Overview

The Senior Cost Controller is responsible for establishing, monitoring, and controlling project budgets and cost performance throughout the FPSO or offshore project lifecycle. The role ensures cost accuracy, variance analysis, and financial integrity in alignment with project and corporate objectives.

This position requires strong coordination with engineering, procurement, construction, and commissioning teams to ensure robust cost management within complex EPCI or FPSO environments.

Key Responsibilities
1. Cost Control & Budget Management
  • Develop, implement, and maintain project cost control systems, procedures, and reports .
  • Establish the project budget baseline based on approved estimates and work breakdown structures (WBS).
  • Monitor commitments, expenditures, and forecasts to ensure compliance with approved budgets.
  • Identify and analyze cost variances , trends, and deviations from planned budgets.
  • Provide early warning reports and recommendations to mitigate cost overruns.
2. Forecasting & Reporting
  • Prepare monthly cost reports , cash flow forecasts, and cost-to-complete analyses.
  • Interface with project management, procurement, and finance teams to ensure financial accuracy.
  • Support project management in forecasting final project cost and margin outcomes.
  • Present detailed cost summaries and variance analyses to project and corporate management.
3. Change & Variation Management
  • Track and assess change orders, variations, and scope adjustments for cost impact.
  • Update budgets and forecasts accordingly upon change approval.
  • Support contract and commercial teams with cost substantiation and claims analysis .
4. Project Interface
  • Work closely with planning, scheduling, procurement, and engineering teams to ensure cost data accuracy.
  • Align cost forecasts with progress measurement and earned value data .
  • Participate in project review meetings and ensure financial transparency.
5. System & Process Improvement
  • Maintain cost control databases and software (e.g., SAP, Primavera Cost Manager, EcoSys).
  • Support continuous improvement initiatives in cost control methodologies and reporting tools.
Qualifications & Experience

Education:

  • Bachelor's degree in Finance, Accounting, Quantity Surveying, Engineering, or related field .

Experience:

  • Minimum 8–12 years of cost control experience , including 5+ years in offshore oil & gas, FPSO, or EPCI projects .
  • Proven experience managing multi-million-dollar project budgets.
  • Strong understanding of project cost structures , EPCI contracts , and change management processes .
  • Familiarity with project controls software (e.g., SAP, EcoSys, Primavera, Excel advanced level).

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