TS - Senior Cost Control Engineer

Technip Energies; Kuala Lumpur; On-site; MYR 180,000 - 260,000; Full time

Job summary

Technip Energies in Kuala Lumpur is seeking a Senior Cost Control Engineer to manage and report costs and revenues for allocated projects. The role supports the Project Manager to protect margins and de-risk project objectives across HSE, engineering, procurement and construction domains.

The candidate will implement Risk Management processes, monitor risks, and produce cost/schedule risk deliverables while coordinating with procurement and project teams.

Qualifications

• Degree in Engineering or Finance is required.
• 7–10 years of related experience in cost control.
• Experience in EPCC projects is an added advantage.
• Strong knowledge of cost control tools and methodologies.

Responsibilities

• Establish initial project budget and forecast from bid handover.
• Prepare monthly cost reports and project management reports.
• Update forecasts based on inputs from the team.
• Prepare invoices and support related activities with clients.

Skills

Cost control

Excel

Analytical skills

Communication

Deadline management

Collaboration

Education

Bachelor's degree in Engineering or Finance

Tools

Microsoft Excel

Cost control tools

Job description

We are currently seeking a Senior Cost Control Engineer to join our team based in Kuala Lumpur.

About us:

Technip Energies is a global technology and engineering powerhouse. With leadership positions in LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management, we are contributing to the development of critical markets such as energy, energy derivatives, decarbonization, and circularity. Our complementary business segments, Technology, Products and Services (TPS) and Project Delivery, turn innovation into scalable and industrial reality.

Through collaboration and excellence in execution, our 17,000+ employees across 34 countries are fully committed to bridging prosperity with sustainability for a world designed to last.

About Job:

The Senior Cost Control Engineer is responsible for the management and reporting of all costs and revenues of project he/she has been allocated.

The Cost Control & Risk Engineer also proactively supports the Project Manager in protecting and improving project objectives and margins through anticipation and de-risking. The role assists in monitoring all project risks (Health, Safety, Environment, Security, Technology, Engineering, Construction, Legal, Finance, etc.). Additionally, the Cost Control & Risk Engineer is responsible for implementing Risk Management processes and governance during both proposal and project execution, and is directly involved in the production of all qualitative and quantitative (cost and schedule) risk management deliverables.

Main Roles and Responsibilities

• Responsible for establishing the initial project budget and forecast based on the handover bid from the Proposal/Estimating Department.
• Responsible for updating forecasts based on changes and inputs received from Project Management and other project team members, as applicable.
• Responsible for preparing the monthly Project Cost Report and Project Management Report.
• Prepare monthly invoices for the Client and follow up on related activities, including reimbursable items.
• Evaluate the economic impact of changes and variations in the scope of work.
• Perform economic analyses, forecasts, variance reports, and other cost control activities.
• Update cash flow forecasts.
• Support the identification of threats and opportunities and develop mitigation plans.
• Increase awareness of the Cost Control function across other departments.
• Review project commitments.
• Assist the Procurement team with invoice reviews and processing for subcontractors and suppliers.

Key Tasks

The Cost Controller is required to develop and maintain the following reporting requirements:

• Construction and procurement forecasting
• Budget transfer and variation order register
• Budget variance tracking and formalization
• Cost sensitivity analysis
• Cash flow forecasting and monitoring
• Internal and external reporting requirements management

About you:

• Degree in Engineering/Finance or equivalent
• 7 to 10 years of experience in related field
• Experience in EPCC projects is an added advantage.
• Knowledge of cost control tools and methodologies
• Solid analytical and problem solving skills.
• Ability to work collaboratively as well as independently.
• Strong verbal and written communication and interpersonal skills required.
• Ability to deal effectively with deadlines.
• Excellent knowledge of Microsoft Excel