Cost Control Lead

NES Fircroft; Bawshar; On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Cost Control Lead for a significant LNG project in Oman. This pivotal role involves overseeing project cost management, ensuring budget compliance, and supporting the project control team through effective cost reporting and analysis. The ideal candidate will have extensive experience in project cost control, particularly within the Oil & Gas sector, and will be proficient in tools such as SAP and Excel. This role not only offers the chance to contribute to a major project but also to lead a dedicated team in a dynamic environment, fostering professional growth and operational excellence.

Qualifications

• 15+ years of experience in project cost control, especially in Oil & Gas.
• Proven supervisory experience in fabrication and construction environments.

Responsibilities

• Manage project expenditures and ensure budget adherence.
• Prepare and present cost control reports to stakeholders.
• Coordinate with finance on cost and accounting matters.

Skills

Project Cost Control

Budget Preparation

Cost Reporting

Cost Trend Analysis

Invoicing Processes

HSE Standards

Cost Control Procedures

Confidentiality Management

Education

Degree in Accounting

Degree in Engineering

Related Field Degree

Tools

SAP

Excel

PowerPoint

Job description

NES Fircroft is seeking a Cost Control Lead to join a major operator in Oman for a significant LNG project. The role involves supporting the Project Control team during the execution phase, ensuring efficient management of project cost documentation and supporting the project team in all cost control matters. The candidate will contribute to delivering the project on time and within budget, maintaining strict confidentiality throughout the project lifecycle.

Responsibilities

Budget

• Participate in project budget preparation
• Coordinate detailed budget issues with project team input
• Provide ad-hoc support as needed

Cost Reporting

• Prepare cost control reports
• Assist in cost trend analysis
• Monitor and assess commitments, variations, and work value

Cost Control

• Monitor and control project expenditures
• Manage commitments data and allocate to budgets
• Verify invoices and cash calls from contractors and vendors
• Prepare cash flow estimates and final forecasts
• File cost control documents according to the filing system
• Administer RFS full process (open, register, analyze, control, report, close)
• Prepare and monitor AFE’s and estimate changes
• Develop Work Breakdown and Cost Breakdown Structures
• Establish cost control procedures and monitor contingency usage
• Support the project team with cost guidance
• Maintain costing methodology aligned with project standards

Invoicing

• Implement efficient invoicing processes across locations
• Monitor invoices in coordination with the accounting department for timely payments

Activities

1. Adhere to HSE standards and implement HSSE rules
2. Lead and coordinate the Cost Control team activities
3. Propose improvements to cost coding structures
4. Participate in budget preparation, review, and updates
5. Approve invoices in accordance with procedures and requirements
6. Contribute to UNISUP system updates regarding payments and cost control
7. Prepare cost information for stakeholders and authorities
8. Identify cost trends, variances, and update the Final Cost Estimate
9. Coordinate with Oman Finance Department on cost and accounting matters
10. Maintain confidentiality of all cost documentation
11. Prepare and present reports internally and externally
12. Update and improve cost control methods and procedures
13. Report progress and issues to the Lead Engineer
14. Analyze deviations and recommend solutions
15. Gather lessons learned and support professional development in cost engineering

Experience & Qualifications

• 15+ years of professional experience, with 10+ in project cost control, preferably in Oil & Gas
• Experience in supervisory roles and fabrication/construction yards
• Degree in Accounting, Engineering, or related field
• High proficiency in SAP, Excel, PowerPoint, and systems management
• Fluent in English and French