Project Cost Controller

QFAB – Qatar Fabrication Company; Ras Laffan Industrial City; On-site; QAR 180,000 - 300,000; Full time

Job summary

QFAB – Qatar Fabrication Company is seeking a Project Cost Controller to establish project budgets, forecasts and controls. The role collaborates closely with the project team to implement cost analysis, reporting templates and change management aligned with internal procedures.

The ideal candidate has 3-6 years of Oil & Gas project cost control experience, with a Bachelor’s degree in finance or engineering and proficiency in budgeting, forecasting and MS Excel.

Qualifications

• Bachelor's degree in finance, engineering or related discipline.
• 3-6 years of relevant work experience, preferably in Oil & Gas.

Responsibilities

• Establish project budgets, forecasts, controls and reporting.
• Independently apply cost control procedures and cost analysis on assigned projects.
• Setup CBS in line with WBS and approved project scope.
• Provide cost data to support accounting and revenue recognition.
• Assist in setting up project cost control system and reporting templates.

Skills

Budgeting

Cost control

Forecasting

Financial analysis

Vendor management

Education

Bachelor's degree in finance or engineering

Tools

MS Excel

Cost management software

Job description

** PREFERENCE WILL BE GIVEN TO QATARI CANDIDATES **

Primary Functions

• The Project Cost Controller is responsible for the establishment of project budgets, forecasts, controls and reporting.
• The role will work closely with the relevant project team and with minimal supervision will be responsible for independently applying cost control procedures, best practices and cost analysis on the assigned project

Tasks and Responsibilities

• Setup Cost Breakdown Structure (CBS) in line with the approved / as-awarded project scope and Work Breakdown Structure (WBS).
• Ensure accurate allocation of project budget and provide control budgets for equipment and material purchase orders, subcontracts, fabrication, fabrication management team and support disciplines.
• Assist in setting up project specific cost control system based on company internal requirements and project (PMT) requirements. Including but not limited to cost databases and reporting templates/mechanism.
• Evaluate and analyze cost reports, detect issues and effectively communicate the project’s cost performance, risks and opportunities, issues and concerns to project management team on a regular and agreed periodic basis.
• Regularly prepare, review and evaluate the project’s Estimate at Completion (EAC) cost forecast - based on remaining scope work, registered expenditures and project commitments.
• Set up and maintain the project’s change management system in alignment with the QFAB’s approved procedure.
• Preparation, routing for signature and eventual submission of monthly progress invoice to Client.
• Provide necessary project data to support project accounting and revenue recognition.
• Support Lead Cost Engineer as and when required.

Qualifications, Experience and Skills

Qualifications:

• Bachelor’s degree in finance, engineering or related discipline

Experience & Skills:

• 3-6 years of relevant work experience, preferably in the Oil & Gas industry.
• Experience in offshore projects and fabrication