Senior Cost Controller

MODEC Offshore Production Systems (Singapore) / Offshore Frontier Solutions; Kampung Malaysia Tambahan; On-site; MYR 180,000 - 320,000; Full time

Job summary

OFS Malaysia, a MODEC Group company, is seeking a Senior Cost Controller based in KL Eco City, Malaysia. You will develop and maintain cost control plans, set up cost breakdown structures, allocate budgets, and consolidate cost data for regular reporting on large projects.

You will review subcontractor invoices, assess change orders, track variances, and contribute to risk management with cost input. AACE certification and SAP/ERP experience are preferred; 8 years in cost engineering in Oil &

Qualifications

• Bachelor’s degree in Engineering, Science, Business Management, or Operations Management.
• AACE certification (CCT or CCP) preferred.
• 8 years of cost engineering in Oil & Gas industry or 12 years in other industries with understanding of FPSO projects.
• Previous senior role experience preferred.
• Experience with SAP (preferred) or ERP system.

Responsibilities

• Collate and consolidate cost data to support timely reporting.
• Understand and implement approved cost control procedures.
• Develop and maintain detailed cost control plans and WBS in company tools.
• Set-up Cost Breakdown Structure and allocate budget and resources.
• Derive and consolidate commitments and actual costs for portions of scope.
• Review forecasts for scope work using best industry practices.
• Track budget variances and challenge budget owners on deviations.
• Generate and distribute internal cost reports.
• Reconcile project cost reporting with accounting records.
• Review subcontractors’ invoices for accuracy and proper coding.
• Review Change Order requests and variations impacting budget and forecast.
• Coordinate with other project functions to ensure cost control alignment.
• Contribute to Project Risk Management with cost input.
• Perform cost risk analysis to define contingency reserves.
• Provide guidance to less experienced cost control staff.

Skills

Cost control

Cost engineering

Forecasting

Budgeting

Project coordination

Education

Engineering degree

AACE certification (CCT or CCP)

Tools

SAP

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 below role

Senior Cost Controller

We are currently based at KL Eco City, Malaysia.

Overall Job Purpose

To perform single or multiple specific tasks in developing and maintaining a cost control plan for a designated section of assigned project(s) or less complex assignments, and prepare relevant reporting and analysis to effectively and efficiently communicate project cost status at regular intervals.

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.