Projects Cost Controller

First Quantum Minerals; Perth; On-site; AUD 90,000 - 150,000; Full time

Job summary

First Quantum Minerals in Australia seeks a Projects Cost Controller to support the Cost Control Team, ensuring accurate costing for inventory and overheads within the financial system and performing reconciliations between the general ledger and cost accounting system.

You will review project budgets, allocate cost codes, maintain forecasts, run variance analyses, and produce PowerBI cost reports to help project managers and senior cost controllers make informed decisions.

Qualifications

• Bachelor's degree in Accountancy or Economics preferred.
• 2 years working experience in a similar cost control role within mining.
• Strong analytical and numerical abilities with attention to detail.
• Effective written and verbal communication and MS Office proficiency.

Responsibilities

• Support lead/senior cost controllers on multiple projects in South America.
• Review material requisitions to ensure alignment with budget and correct cost codes.
• Assist with project budget setup and forecast spreadsheets by assigning cost codes and uploading into ERP.
• Maintain project cost forecasts across multiple projects with accuracy and integrity.
• Review monthly site cost reports and ensure correct project coding; resolve issues with site accountant.
• Provide timely cost data to project managers and senior cost controllers for decision making.
• Distribute site costs using ERP journal entries based on proportional splits.
• Monitor forecasts vs. budgets and identify overruns for escalation.
• Utilise PowerBI reports for cost control and month-end analyses.
• Provide variance analyses explaining overruns and cash flow differences.
• Coordinate with suppliers, site teams, procurement and finance to resolve discrepancies.
• Track PO variations and reflect cost impacts in forecasts.
• Maintain documentation for audits and approvals to ensure compliance.

Skills

Analytical skills

Communication

Time management

Team player

Detail oriented

Education

Bachelor's degree in Accountancy or Economics

Tools

Excel

PowerBI

Job description

The career you're looking for starts here. Find the role that will give you challenges and opportunities.

At First Quantum, we free the talent of our people by taking a very different approach which is underpinned by a very different, very definite culture - the "First Quantum Way".

Working with us is not like working anywhere else, which is why we recruit people who will take a bolder, smarter approach to spot opportunities, solve problems and deliver results.

Our culture is all about encouraging you to think independently and to challenge convention to deliver the best result. That's how we continue to achieve extraordinary things in extraordinary locations.

Job Summary:
The Projects Cost Controller provides support to the Cost Control Team in ensuring accurate costing for inventory and overheads are maintained within the financial system and that appropriate reconciliations are performed between the general ledger and cost accounting system.

Job Description:

• Support lead/senior cost controllers in multiple projects in South America
• Review material requisitions to ensure alignment with approved project budget/forecast and have the correct cost code to maintain budget control
• Assist PE/PM in setting up project budget and forecast spreadsheets by allocating appropriate cost codes and uploading into ERP system
• Maintain project cost forecasts in Excel across multiple projects ensuring accuracy, consistency and integrity of costs to support planning and decision making
• Review monthly site cost report and ensure costs have been coded to the correct project along with applying the correct cost codes, with any project coding issues discussed and resolved with the site accountant
• Provide accurate and timely project cost data to project managers and senior cost controllers to help support both strategic and operational financial decision making
• Distribute site-wide costs using ERP system journal function to various projects based on proportional splits such as site manhours
• Monitor project forecasts and track actual costs versus approved budgets, identify cost trends with the early identification of potential cost overruns for escalation to Project Managers
• Utilise various PowerBI reports to assist in cost control activities such as month end cost reports and other cost control related analysis and reporting such as labour manhour cost distributions
• Provide monthly variance analysis explaining budget over-runs and when actual monthly costs differ from forecasted cash flows
• Advise on and assist to resolve cost discrepancies by coordinating with suppliers, site teams, cost control, project managers, procurement, finance and accounts to ensure these are resolved in a timely manner
• Assist with tracking purchase order variations and ensuring cost impacts are recorded in project forecasts
• Maintain accurate and complete documentation for audits, internal reviews and approvals to ensure compliance throughout the end-to-end cost control and invoicing process
• Analyse process bottlenecks in approval workflows and cost reporting, implementing improvements to ensure timely accurate supplier payments and efficient cost processing
• Support lead/senior cost controller on more complex tasks and detailed analysis
• Review information from various project functions to provide an overall report of project progress and performance based on site, procurement and expediting/logistics progress

Requirements:

• Bachelor's degree in Accountancy or Economics preferred
• 2 years working experience in a similar position within a mining environment
• Strong analytical skills
• Ability to communicate effectively both written and verbally
• Proficiency in MS Office applications especially Excel
• High level of attention to detail
• Good time management skills and ability to meet deadlines
• A team player who works well under pressure and has a flexible approach to work

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