Cost Controller

Offshore Frontier Solutions; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A global leader in oil and gas solutions in Kuala Lumpur seeks a skilled Cost Controller to manage financial processes, ensure budget compliance, and provide cost data analysis. Candidates should have a degree in a relevant field and significant cost engineering experience, preferably in the oil and gas industry. Familiarity with SAP or ERP systems is beneficial. Join a dynamic team and further your career in a leading organization with global opportunities.

Qualifications

• 8 years of cost engineering experience in Oil & Gas industry.
• 12 years of cost engineering experience in other industries with Oil & Gas knowledge.
• AACE certification (CCT or CCP) preferred.

Responsibilities

• Compile necessary information for cost data consolidation and reporting.
• Maintain cost control plans and set up Cost Breakdown Structure.
• Track budget variances and challenge budget owners.

Skills

Cost analysis and reporting

Budget management

Financial forecasting

Risk management

Education

Degree in Engineering, Science, Business Management, or Operations Management

Tools

SAP

ERP systems

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.

We are currently looking for talented individuals to join us for the following role. We are currently based at KL Eco City, Malaysia.

Cost Controller

Responsibilities

• Collate and compile independently the necessary information to support timely cost data consolidation, analysis and reporting.
• Understand the requirements of the approved cost control procedures and ensure proper implementation in the course of work.
• Develop and maintain detailed cost control plans using Company tools and best industry practices.
• Set-up Cost Breakdown Structure and allocate budget, resources, and any other data required into the system.
• Derive and consolidate the commitments and actual costs for one or more portions of the scope of work.
• Review, analyze and update accurate forecasts for one or more portions of the scope work by using best industry practices.
• Track budget variances and challenge budget owners on any deviation from approved cost baseline.
• Generate and distribute internal cost report for part or the entire scope of work on a regular basis and as per Company standards.
• Reconcile project cost reporting with accounting and financial records.
• Review subcontractors' invoices for accuracy and completeness and ensure that costs are allocated with the correct coding.
• Review Change Order requests and/or potential variations that impact project budget and forecasts, and maintain appropriate register.
• Establish appropriate coordination with other project functions to ensure compatibility with the Cost Control requirements and timely flow of the information.
• Contribute and participate to the Project Risk Management process by providing cost input and identifying potential budget and forecast impacts for risks' occurrences.
• Perform cost risk analysis to define accurate contingency reserve by using company tools and best industry practices.
• Provide guidance and support to less experienced cost control staff as required.

Requirements/Qualification

• Degree in Engineering, Science, Business Management, or Operations Management.
• AACE certification (CCT or CCP) preferred.
• 8 years of cost engineering experience in Oil & Gas industry or 12 years of cost engineering experience in other industries with understanding of technical knowledge of Oil & Gas process and FPSO projects.
• Previous working experience in a senior role is preferred.
• Experience with SAP (preferred) or different ERP system.

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