Cost Controller: Forecast & Optimize Project Budgets

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 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.