Cost Controller

Offshore Frontier Solutions Malaysia Sdn. Bhd.; Kuala Lumpur; On-site; MYR 67,000 - 112,000; Full time

Job summary

OFS Malaysia is seeking a Cost Controller based in Kuala Lumpur to track, monitor, analyze and forecast project costs, and report variances to prevent budget overruns. You will collaborate with multiple stakeholders to prepare accurate cost reports and ensure timely actions.

Responsibilities include WBS coding, expenditure monitoring, cost forecasting, invoice verification, purchase order reviews, and cost data validation using cost control software.

Qualifications

• Bachelor in Engineering, Accounting or Business Management.
• 1 to 3 years of progressive experience in project cost control/management.

Responsibilities

• WBS Assignment: Assigns appropriate WBS codes for all project related expenditures to ensure all expenditures are properly recorded.
• Monitoring of expenditure: Tracks and monitors actual expenditure of the assigned small project or phase of a project.
• Cost Forecasting: Forecasts the cost, analyzes and reports the variance between the budget and forecast.
• Invoice and Claims Management: Verifies and checks invoices and claims from the supplier, vendor & sub-contractor.
• Work & Purchase Order Review: Reviews work orders & purchase orders to ensure that the cost is in line with the project budget & is captured under appropriate WBS codes.
• Cost Reporting: Assists in preparation of cost reports.
• Monitoring of order register: Updates and maintains variation/change order register.
• Cost Data Validation: Ensures correct recording of data in cost control software & checks periodically for abnormalities if any.

Skills

Cost control

Budget tracking

Project cost management

Education

Bachelor in Engineering, Accounting or Business Management

Tools

MS Office

Job description

OFS Malaysia is a subsidiary of Offshore Frontier Solutions Pte. Ltd. (OFS), a MODEC Group company in Malaysia. Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Malaysia, but your talent can take you anywhere in the world. If you want to be one of the greatest in the market, this is your opportunity! We are currently looking for talented individuals to join us for below role Cost Controller We are currently based at KL Eco City, Malaysia.

Job Summary

Under general guidance, to track, monitor, analyze and forecast the cost of assigned small project or phases of a project and report the variances between the forecast and budget for further appropriate actions to prevent budget overrun. This includes coordinating with several stakeholders to prepare the cost reports accurately and timely.

Job Responsibilities

• WBS Assignment: Assigns appropriate WBS codes for all project related expenditures to ensure all expenditures are properly recorded.
• Monitoring of expenditure: Tracks and monitors actual expenditure of the assigned small project or phase of a project.
• Cost Forecasting: Forecasts the cost, analyzes and reports the variance between the budget and forecast.
• Invoice and Claims Management: Verifies and checks Invoices and claims from the supplier, vendor & sub-contractor.
• Work & Purchase Order Review: Reviews work orders & purchase orders to ensure that the cost is in line with the project budget & is captured under appropriate WBS codes.
• Cost Reporting: Assists in preparation of cost reports.
• Monitoring of order register: Updates and maintains variation/change order register.
• Cost Data Validation: Ensures correct recording of data in cost control software & checks periodically for abnormalities if any.

Qualifications

• Bachelor in Engineering, Accounting or Business Management
• 1 to 3 years of progressive experience in project cost control/management.

Competencies Technical

• Familiar with FPSO projects including some technical knowledge.
• Basic understanding of project management process.
• PC Skills with proficiency in MS Office.
• Due to different project locations, Job holder needs to keep up with different languages to ensure clear understanding of issues and time differences.

About us

At MODEC, we’re looking for passionate and talented individuals like you to join our team playing multiple job roles. We believe in empowering our team members to thrive and grow, and we’d love to see how your skills and experience align with our mission. Are you ready to take the next step in your career?