Senior Cost Controller

MODEC; Kuala Lumpur; On-site; MYR 180,000 - 300,000; Full time

Job summary

OFS Malaysia, a MODEC Group company, invites applications for the Senior Cost Controller role based in KL Eco City, Malaysia. You will develop and maintain cost control plans for designated projects, prepare regular cost status reports, and ensure alignment with approved baselines and company procedures.

You will collate data, analyze variances, support budgeting processes, and coach junior staff. Strong SAP/ERP experience and a deep understanding of oil & gas cost engineering are essential.

Qualifications

• Degree in Engineering, Science, Business Management, or Operations Management.
• AACE certification (CCT or CCP) preferred.
• 8 years of cost engineering experience in Oil & Gas or 12 years in other industries with FPSO knowledge.
• Experience with SAP or ERP systems.

Responsibilities

• Collate and compile information to support cost data consolidation, analysis and reporting.
• Ensure adherence to cost control procedures and implementation in work.
• Develop and maintain detailed cost control plans using company tools.
• Set-up Cost Breakdown Structure and allocate budget and data into the system.
• Derive and consolidate commitments and actual costs for portions of the scope.
• Review forecasts and update budgets using best industry practices.
• Track budget variances and challenge deviations from the baseline.
• Generate and distribute internal cost reports per Company standards.
• Reconcile project cost reporting with accounting records.
• Review subcontractor invoices for accuracy and proper cost allocation.
• Review Change Orders and variations impacting budget and forecasts, maintaining registers.
• Coordinate with other functions to ensure cost control compliance and timely data flow.
• Contribute to Project Risk Management with cost inputs on potential impacts.
• Perform cost risk analysis to define contingency reserves.

Skills

Cost control

Budgeting

Education

Degree in Engineering, Science, Business Management, or Operations Management

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.

If you want to be one of the greatest in the market, this is your opportunity!

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 or12 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 withSAP (preferred) or different ERP system.