Cost Controller
Cost Controller
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Not Disclosed
Salary Not Disclosed
1 Vacancy
Job Description
Company from the Oil & Gas industry is looking for a Cost Controller for their onshore project located in Guyana.
MISSION:
Establish and manage a cost control system in order to support the PM decisionmaking 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
TASKS:
At project initial phase:
After contract award ensure the implementation of the Cost Control System elaborating the consolidated Cost Breakdown Structure according to the relevant procedure reviewing the procurement/accountin g system adopted in each Operating Companies/Branches involved into the project and verifying the application of the CBS and the cost traceability
Issue the Project Cost Control Procedure Cost Coding Manual and Risk Managemen t Plan for the Project Control Manager verification according to standards and contract specification and configure the Cost Breakdown Structure to monitor procurement and accounting activities
If not provided during the commercial phase split the Commercial Budget according to the intercompany scheme contract and work schedule in order to report revenues/costs by entity currencies and main cost accounts and prepare the cashflow by currency
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 todate 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
Issue the project and company reporting. At project closure
Support the Project Control Manager in the preparation of the Project closeout Report and the costfeedback data to Project Control and Commercial Departments
Employment Type
Full Time
