Cost Controller

Roles and responsibilities

• Establish and manage a cost control system in order to support the PM decision-making process and allow him to complete the project within the approved budget
• Ensure any deviation from budget is promptly spotted and analysed, final impact is estimated and the effect of corrective actions taken is monitored
• Create a cost awareness atmosphere among project team
• Satisfy the Operating Company and Corporate requirements for the cost control reporting, cooperating with the proper interfaces
  

Job Tasks

• Coordinate the risk managment activities startup organizing the first brainstorming and the qualitative / quantitative assessment of the identified risks and opportunities
• Carry out the Montecarlo Analysis During the project execution phase:
  • ensure the Cost Control System works effectively and cost status is soundly assessed and reported
  • monitor activity progress and the relevant earned value, as well as the value of work done against the invoices received, determining the monthly accruals (to have accounts in line with works progress)
  • Support the Project during the contract changes/claims process providing the cost impact analysis, and keep updated the cost/revenues forecast relevant to intercompany services
  • Analyse committed costs and activities to-date, review the estimate to complete, isolating any deviation from bas elines or adverse trend and warn the PM on time to take corrective actions in order to prevent overruns
  • Maintain the risk management process organizing periodic meetings and verifying the risk owners feedback

Desired candidate profile

• Project Experience: Familiarity with project-based environments and experience in cost management on large projects.

Technical Skills

• Financial Software Proficiency: Proficient in financial management software (e.g., SAP, Oracle, MS Excel) and cost control tools.
• Data Analysis: Strong analytical skills for interpreting financial data, preparing reports, and identifying trends and variances.

Communication Skills

• Interpersonal Skills: Excellent communication skills for collaborating with project managers, stakeholders, and finance teams.
• Reporting: Ability to prepare and present clear, concise reports on cost performance and forecasts.

Analytical Skills

• Budgeting: Experience in preparing, monitoring, and revising budgets and forecasts.
• Variance Analysis: Ability to conduct variance analysis to identify discrepancies between planned and actual costs.

Personal Attributes

• Attention to Detail: Meticulous in analyzing costs, ensuring accuracy and compliance with financial policies.
• Problem-Solving: Strong problem-solving skills to identify cost-related issues and propose effective solutions.

Additional Requirements

• Project Management Knowledge: Understanding of project management principles and practices as they relate to cost control.
• Regulatory Knowledge: Familiarity with relevant regulations and compliance standards in cost management.