Cost Controller

TKR Engineering Sdn Bhd; Miri; On-site; MYR 120,000 - 210,000; Full time

Job summary

TKR Engineering Sdn Bhd is seeking a Cost Controller to plan, monitor, forecast, analyze, and control all project and operational costs across drilling, completion, workover, P&A, engineering, procurement, marine logistics, and integrated well services.

The role requires coordinating with engineering, operations, procurement, finance, contracts and clients to ensure adherence to budgets, accurate financial reporting, and enhanced project profitability throughout tender, execution, close-out, and

Qualifications

• Education: Bachelor’s degree in Finance, Accounting, Quantity Surveying, Engineering, Economics, Business Administration, or equivalent.
• Experience: 8 years project cost control in Oil & Gas; experience with drilling or well services projects; budgeting, forecasting, cost reporting.
• Certifications: CCP (preferred), PMP (preferred); SAP Training; Primavera P6 (preferred); Advanced Excel; Power BI; ERP Training; ISO 9001 Awareness; H2S Awareness (offshore).

Responsibilities

• Develop project cost breakdown structures (CBS) and budgets.
• Monitor actual versus budget and review subcontract expenditures; monitor travel, accommodation and consumables.
• Prepare monthly cost forecasts and cash flow, forecast project profitability and margins.
• Produce daily, weekly, monthly cost reports and variance analysis; cost trend and productivity analysis.
• Support procurement, variation orders, and claims preparation; manage change registers and MOC.
• Perform project close-out activities including final cost reconciliation and profitability analysis.

Skills

Organizational skills

Planning skills

Communication

Interpersonal skills

Willingness to travel

Education

Bachelor's degree in Finance/Accounting/Quantity Surveying/Engineering/Economics/Business Admin

Tools

SAP

Primavera P6

Power BI

Power Query

Power Pivot

Oracle ERP

Microsoft Dynamics

Maximo

Job description

The Cost Controller is responsible for planning, monitoring, forecasting, analyzing, and controlling all project and operational costs associated with drilling, completion, workover, well intervention, plug & abandonment (P&A), engineering, procurement, marine logistics, and integrated well services.

The role ensures that projects are executed within approved budgets through proactive cost monitoring, commitment tracking, forecasting, variance analysis, cost optimization, and financial reporting. The Cost Controller works closely with engineering, operations, procurement, finance, contracts, and clients to provide accurate financial information that supports informed business decisions and maximizes project profitability.

The position serves as the financial control focal point throughout the project lifecycle, from tender estimation and project award through execution, close-out, and lessons learned.

2) Key Responsibilities

A. Project Cost Planning

Develop project cost breakdown structures (CBS).

Prepare project budgets.

Develop cost coding structures.

Prepare cash flow forecasts.

Prepare budget revisions.

Support tender pricing activities.

Participate in project kick-off meetings.

B. Cost Monitoring & Control

Compare actual versus budget.

Monitor commitments.

Review subcontract expenditures.

Monitor accommodation costs.

Monitor travel costs.

Monitor consumables.

Recommend corrective actions.

C. Forecasting

Prepare monthly cost forecasts.

Forecast project cash flow.

Forecast project profitability.

Monitor project margins.

D. Cost Reporting

Prepare:

Daily Cost Reports

Weekly Cost Reports

Monthly Cost Reports

Budget Performance Reports

Cash Flow Reports

Cost Variance Reports

Commitment Reports

Revenue Forecast Reports

Profitability Reports

Cost trend analysis.

Productivity analysis.

Earned Value Management (EVM).

Variance analysis.

Margin analysis.

Labor efficiency analysis.

Financial risk analysis.

F. Procurement & Commercial Support

Review purchase requisitions.

Validate variation orders.

Support claims preparation.

G. Change Management

Review change requests.

Track approved variations.

Maintain change registers.

Support Management of Change (MOC).

H. Project Close-Out

Final cost reconciliation.

Final cost report.

Profitability analysis.

Close project accounts.

I. Governance & Compliance

Support internal audits.

Support external audits.

Ensure compliance with company financial procedures.

Improve cost reporting processes.

Implement automation tools.

Improve forecasting accuracy.

Benchmark project performance.

3) Authorities

The Cost Controller is authorized to:

Review project expenditures.

Recommend budget adjustments.

Recommend cost-saving initiatives.

Escalate significant cost overruns.

Recommend suspension of unauthorized expenditures.

Approve routine cost reports.

Recommend approval of variation pricing.

Participate in commercial reviews.

4) Qualifications & Requirements

Education: Bachelor's Degree in Finance, Accounting, Quantity Surveying, Engineering, Economics, Business Administration, or equivalent.

Experience: 8 years project cost control, Oil & Gas industry experience, Experience supporting drilling or well services projects, Experience with budgeting, Experience with forecasting, Experience with cost reporting.

Mandatory Certifications: Certified Cost Professional (CCP) (preferred), PMP (preferred), SAP Training, Primavera P6 (preferred), Advanced Microsoft Excel, Power BI, ERP Training, ISO 9001 Awareness, H2S Awareness (if offshore support required).

Language: Proficient in English and Bahasa Malaysia (written and spoken).

Technical Skills: Experience in using Financial Systems such as SAP, Oracle ERP, Microsoft Dynamics, Maximo (preferred). Experience in Project Controls such as Primavera P6, Microsoft Project, Power BI, Power Query, Power Pivot.

5) Preferred Skills and Competencies

Candidate with experience in Offshore operations, EPC/EPCIC projects, PETRONAS projects, International operations, Integrated Well Services and Marine logistics.

Strong organizational and planning skills.

Excellent communication, coordination, and interpersonal skills.

Willingness to travel to project sites as required.

Unlock job insights

Hirer responsiveness Salary match Number of applicants

Engineering & Project Management Services 11-50 employees

Incorporated in 2019, TKR Engineering Sdn Bhd is a newly formed company under Misarma Enterprise Sdn Bhd. We are committed to quality, cost-effectiveness and effective delivery. Our business started by doing supply to the

oil & gas industry, we then moved to the maritime industry; the upstream and downstream clients and then on to industrial supplies on shore.

TKR Engineering is formed to focus on the engineering industry and allow more efficient project management and services allow more efficient management and services. We recognize our customer’s needs for convenience, non – time consuming purchase and on-time delivery of supplies at a competitive price.

TKR headquarters is located at a wholly owned/private wharf of our affiliiate company Misarma Marine Sdn Bhd. The Misarma Marine wharf has a length of 140 metres and 3 metres minimum alongside depth and is located alongside Baong River which also known as Miri River.

The river serves as the main route for cargo vessel to gain entry and exit and plays a major role as a transit for trans-loading operation, berthing, repair and maintainance services and other related matters to shipping industries.

Incorporated in 2019, TKR Engineering Sdn Bhd is a newly formed company under Misarma Enterprise Sdn Bhd. We are committed to quality, cost-effectiveness and effective delivery. Our business started by doing supply to the

oil & gas industry, we then moved to the maritime industry; the upstream and downstream clients and then on to industrial supplies on shore.

TKR Engineering is formed to focus on the engineering industry and allow more efficient project management and services allow more efficient management and services. We recognize our customer’s needs for convenience, non – time consuming purchase and on-time delivery of supplies at a competitive price.

TKR headquarters is located at a wholly owned/private wharf of our affiliiate company Misarma Marine Sdn Bhd. The Misarma Marine wharf has a length of 140 metres and 3 metres minimum alongside depth and is located alongside Baong River which also known as Miri River.

The river serves as the main route for cargo vessel to gain entry and exit and plays a major role as a transit for trans-loading operation, berthing, repair and maintainance services and other related matters to shipping industries.