Cost Control Lead

HANWHA OFFSHORE SOLUTIONS SINGAPORE PTE. LTD.; Singapore; On-site; SGD 100,000 - 150,000; Full time

Job summary

A leading company in the offshore solutions sector is seeking a Cost Control Manager. The role involves managing cost control procedures for projects in the oil and gas industry, ensuring financial accuracy and project efficiency. The ideal candidate will have extensive experience, particularly in FPSO/FSO/FLNG projects and demonstrate strong leadership and analytical skills.

Qualifications

• 10 to 15+ years of experience in the oil and gas industry.
• Strong background in FPSO/FSO/FLNG sector is desirable.
• Advanced proficiency in cost control tools and reports.

Responsibilities

• Leads cost control rules and manages cost reporting for projects.
• Coordinates cost control efforts across various initiatives.
• Supports change management and develops project budgets.

Skills

Leadership

Cost Control

Communication

Problem-Solving

Proactive Approach

Education

Bachelor’s Degree

Master’s Degree

Tools

MS Excel

Job description

Responsibilities:

- Leads the organization of cost control rules and procedures specific to initiatives, ensuring overall project consolidation (cost management procedures, booking structure, and rules).

- Manages cost reporting (budget, actuals, forecast) for projects and analyzing the results.

- Coordinates with the Cost Control team in central and regional offices, and providing support for budget estimation for new initiatives.

- Ensures the setup of Project Cost Control for Project Execution Excellence initiatives, aligning with Head Office (HO) Internal standards and project/contractual requirements.

- Coordinates the cost control efforts for all projects, including studies, bids and proposal, pre-FEEDs, EPCI projects.

- Works with each discipline leads to obtains and update cost reports showing cost impacts to budgets and forecasts.

- Gathers project manhours and equivalent manpower histograms and report actual against planned and forecasts.

- Works closely with finance and accounting ensuring all costs and expenditures are appropriately reported in the cost report.

- Supports the change management process ensuring changes and variations are reported in the cost report.

- Supports Project Controls Manager in the development and reporting of business units / department budgets.

- Reviews cost reports from vendors and subcontractors and update and report cost impacts to project budgets and forecasts.

- Works with Procurement / Supply Chain in reporting of purchasing budgets and commitments and cost changes on equipment packages.

- Responsible for the development of CTR’s in support of projects and bid proposals.

- Works closely with estimating and commercial to gather cost estimates for translation into pricing templates.

- Works closely with Risk Manager to understand risk threats, opportunities, and its cost consequences and confirm validity of project build-up of contingencies.

- Works closely with project managers, discipline leads to prepare and update weekly, bi-weekly, monthly, quarterly, yearly project status/progress reports.

- Supports Project Controls Manager, Risk Manager, Estimating Manager in the development of OBU specifications, policies, and procedures.

- Performs other duties as requested by Management.

Requirements:

- Technical/Tertiary education at Bachelor’s Degree level; Master’s Degree is added advantage.

- Minimum 10 to 15+ years of experience in the oil and gas industry within the Cost Controls function, with a proven track record in leadership roles.

- Extensive experience in major offshore project execution, demonstrating expertise in overseeing and managing project cost control functions.

- Strong background in the FPSO/FSO/FLNG sector is highly desirable.

- Experience in Cost Control management for EPCI projects, including work at the yard, ensuring cost efficiency throughout the project lifecycle.

- Advanced proficiency in MS Excel and other common computer applications, with the ability to develop and manage complex cost control tools and reports.

- Exceptional communication skills, both verbal and written, with proficiency in English for report writing, presentations, and effective diplomacy and assertiveness when interacting with stakeholders.

- Proven ability to independently prioritize and manage multiple tasks in a fast-paced environment, while maintaining attention to detail and meeting deadlines.

- Strong proactive approach to problem-solving, with the ability to work collaboratively with all team members, departments, and clients to achieve successful project outcomes.