Cost Controller III

TechnipFMC; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading company in the oil and gas sector is seeking a Cost Controller to manage and report on project costs and revenues. The ideal candidate will have a Master's degree and a minimum of 8 years' experience in Cost Control, along with strong knowledge of IFRS and exceptional communication skills. Responsibilities include budget management, economic analysis, and collaboration with the Project Management Team to ensure project success.

Qualifications

• Minimum 8 years of experience in Cost Control.
• Experience in the oil and gas industry.
• Experience with large companies and ERP systems.

Responsibilities

• Manage and report all costs and revenues for assigned projects.
• Prepare Project Cost Reports and monthly invoices.
• Evaluate the economic impact of scope changes.

Skills

Strong knowledge of IFRS

Verbal and written communication skills

Team collaboration

Education

Master’s degree in Finance, Business, or Engineering

Job description

Job Purpose

The Cost Controller is responsible for managing and reporting all costs and revenues of the projects assigned to him/her.

Job Description

Main Accountabilities

During contract execution

• Establish the initial project budget/forecast based on the handover bid from the Sales Department.
• Update the forecast with changes based on inputs from project management and other team members.
• Prepare monthly Project Cost Reports and Project Management Reports.
• Prepare monthly invoices to the client and follow up on reimbursable items.
• Evaluate the economic impact of scope changes/variations.
• Perform economic analysis, forecasts, deviation reports, etc.
• Update cash flow forecasts.
• Support the identification of threats and opportunities, along with mitigation plans.
• Increase awareness of the Cost Control function across departments.
• Review commitments regularly.

• Assist procurement with invoices from subcontractors/suppliers.

• Develop reporting requirements for the cost control function, including:

• Manpower forecasting
• Vessel/Construction/Manufacturing/Procurement forecasting
• Budget transfer and variation order register
• Budget variance analysis
• Cost sensitivities analysis
• Cash flow management
• Reporting requirements

Additional Information

Performance Skills

• Collaborate effectively with the Project Management Team and other departments.
• Work well both independently and as part of a team.
• Adapt to change and fast-paced environments.
• Strong verbal and written communication skills.
• Meet deadlines effectively.
• Strong knowledge of IFRS and Group Standards.
• Analyze project risks and anticipate issues.

You are meant for this job if you have:

• A Master’s degree in Finance, Business, or Engineering, or equivalent qualification.
• Experience in the oil and gas industry.
• At least 8 years of experience in Cost Control, depending on project size and complexity.
• Experience working with large companies and ERP systems.