Senior Cost Controller

Offshore Frontier Solutions Malaysia Sdn. Bhd.; Kuala Lumpur; On-site; MYR 180,000 - 280,000; Full time

Job summary

OFS Malaysia is seeking a Senior Cost Controller to develop and maintain cost control plans for designated project scopes, and to prepare reporting that communicates cost status at regular intervals.

Based at KL Eco City, Malaysia, you will set up cost breakdown structures, allocate budgets, track variances, review subcontractor invoices, and contribute to risk analyses within the MODEC group. Experience with SAP or ERP systems is preferred.

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 industry or 12 years of cost engineering experience in other industries with understanding of Oil & Gas process and FPSO projects.
• Previous working experience in a senior role is preferred.
• Experience with SAP (preferred) or different ERP system.

Responsibilities

• Collate data to support cost data consolidation and reporting.
• Understand the requirements of the approved cost control procedures.
• Develop and maintain detailed cost control plans.
• Set-up Cost Breakdown Structure and allocate budget/resources.
• Derive and consolidate the commitments and actual costs.
• Review and update forecasts for budget scope and variances.
• Track budget variances and challenge budget owners on deviations.
• Generate internal cost reports and reconcile with accounting records.
• Review subcontractor invoices for accuracy and cost allocation.
• Review Change Order requests and variations affecting budget and forecasts.
• Coordinate with project functions to ensure Cost Control requirements are met.
• Contribute to Project Risk Management with cost input and potential impacts.
• Perform cost risk analysis to define contingency reserves.
• Provide guidance to less experienced cost control staff.

Skills

Cost control

Financial analysis

Budgeting

Reporting

Education

Engineering degree

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 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.

At MODEC, we’re looking for passionate and talented individuals like you to join our team playing multiple job roles. We believe in empowering our team members to thrive and grow, and we’d love to see how your skills and experience align with our mission. Don’t miss the chance to be part of something amazing!