Executive, Cost Control (Marine Operation)

Malaysia Marine & Heavy Engineering; Pasir Gudang; On-site; MYR 167,000 - 251,000; Full time

Job summary

A leading marine engineering company in Malaysia is seeking a professional responsible for monitoring and analysing project costs to ensure budget efficiency and maximisation of project profit. The ideal candidate should hold a degree in Engineering with a minimum of 5 years’ experience in Marine Operation Project Management. This role involves developing budgets, tracking expenses, and conducting cost analysis for successful project delivery.

Qualifications

• Degree in Engineering or any equivalent field.
• Minimum 5 years’ experience in Marine Operation Project Management.

Responsibilities

• Monitor and analyse project AWOs, VO, costs, and expenditures.
• Assist in forming project cost baseline and detailed working budget.
• Track and monitor the working budget and report any potential risks.
• Perform cost analysis, estimation, and forecasting.
• Maintain project cost database for current and future reference.

Job description

JOB PURPOSE

Responsible for monitoring and analysing project AWOs, VO, costs and expenditures in ensuring that project budget are used efficiently and effectively by project management team and project profit are maximised.

JOB RESPONSIBILITIES

• Assist and prepare:
• The formation/establishment of the project cost baseline in line with contractual scope and responsibility
• The formation and establishment of cost baseline for MO inhouse work in line with project need and requirement.
• The preparation of the detailed working budget upon discussion with Commercial, Procurement, PMT and other relevant stakeholder for management approval.
• Monitor and control the evolution of project cost and consult appropriate control measures to ensure all project expenditures meet cost baseline.
• Track and monitor the working budget and its execution as approved by Management and raise any potential risk of overruns.
• Perform and review project cost performance and provide all stakeholders with regular feedback and advice.
• Cost analysis, estimation and forecasting, advice cost trending and forecasting analysist for project, provide information on cost and budgetary issues related to the project to stakeholders and conduct analysis on actual performance against plan.
• Monitor the execution of identifying, assessing, prioritizing, and quantifying the project cost risk and opportunities. Execute strategies and tactics to monitor and control the evolution of project risk and opportunities.
• Review input for the following but not limited to:
• The cost status review and cost reporting
• The establishment of Project Close Out Reports (Commercial)
• Execute and administrate AWO VO management that cover preparation, negotiation, finalization and compilation of AWO VO.
• To update project draft bill and finalization of MOA with client.
• Maintain project cost database for current project reference and future benchmarking.
• Knowledge in project contract functions in the formation of pre contracts & subcontracts, administration of post contracts & subcontracts, management of change/variations with the client, subcontractors and any other stakeholders including contracts & subcontracts risk.

JOB REQUIREMENT

• Degree in Engineering/Any equivalent field
• Minimum 5 years’ experience in Marine Operation Project Management.