Senior 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 Exposure: Experience managing costs for projects from initiation through to completion, including budget preparation and tracking.

Technical Skills

• Financial Software Proficiency: Proficient in financial and project management software (e.g., SAP, Oracle, Microsoft Excel) for budgeting and cost tracking.
• Cost Estimation: Strong knowledge of cost estimation techniques and methodologies, including labor, materials, and overhead calculations.

Analytical Skills

• Cost Analysis: Ability to analyze project costs, prepare detailed reports, and provide insights on budget variances and cost trends.
• Data Interpretation: Strong analytical skills to interpret financial data and assist in decision-making processes.

Communication Skills

• Interpersonal Skills: Excellent communication skills for collaborating with project managers, finance teams, and other stakeholders.
• Reporting: Ability to prepare and present comprehensive cost reports and analyses to management and stakeholders.

Organizational Skills

• Time Management: Strong organizational skills with the ability to manage multiple projects and deadlines effectively.
• Attention to Detail: Meticulous in reviewing financial documents, ensuring accuracy and compliance with budgetary guidelines.

Personal Attributes

• Problem-Solving: Strong problem-solving skills to identify cost-related issues and develop effective solutions.
• Proactive Attitude: Initiative in identifying opportunities for cost savings and process improvements.

Additional Requirements

• Regulatory Knowledge: Familiarity with relevant regulations and compliance standards related to financial management and project costing.
• Project Management Skills: Understanding of project management principles and methodologies as they relate to cost control.