Cost Control Lead

Borr Drilling; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

A leading company in the oil and gas sector is seeking a Cost Control Manager to oversee financial management for projects. This role requires extensive experience in the EPCI sector and strong leadership qualities to ensure successful project execution. Candidates should have a track record in cost management and exceptional communication skills.

Qualifications

• Bachelor's Degree in relevant field; Master's Degree is a plus.
• 10-15 years experience in Cost Controls for oil and gas.
• Strong background in major offshore project execution.

Responsibilities

• Lead cost control rules and procedures for projects.
• Manage cost reporting and coordinate with teams.
• Ensure compliance with internal standards and project requirements.

Skills

Leadership

Cost Control Management

Communication

Problem-Solving

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.