Cost Manager

Aibel AS; Singapore; On-site; SGD 180,000 - 280,000; Full time

Job summary

Aibel AS in Singapore invites an experienced professional for cost management and forecasting on major EPC/EPCI projects in oil & gas. You will lead CBS, budgeting and forecasting processes, providing visibility into cost performance and forecast outcomes.

We seek 15+ years in project controls with EPC project experience, strong SAP skills, and a proactive, communicative leadership style. Singapore-based role with cross-functional collaboration across Engineering, Procurement, Construction and

Qualifications

• 15+ years in project controls or commercial management
• Experience on large EPC/EPCI oil & gas projects
• Strong cost forecasting, EAC and cash flow skills
• Knowledge of EPC contracts and governance

Responsibilities

• Establish and maintain CBS, control budget and cost management processes.
• Monitor performance against budget and identify risks and opportunities.
• Prepare EAC, cash flow forecasts and monthly project forecasts.
• Ensure costs and forecasts are captured and reported.
• Lead cost risk management and change management activities.
• Prepare monthly cost reports, dashboards and executive summaries.
• Support project reviews, management reviews and gate reviews.

Skills

Leadership

Cost control

Forecasting

Communication

Problem-solving

Education

Degree in Accounting / Engineering

Tools

SAP

Project control systems

Job description

With Aibel you have a chance to develop your career through a range of projects in renewables and oil and gas. We call ourselves Engineering Pioneers. Whatever our job is, we approach it with creativity, curiosity and a drive to find new and better solutions. First we imagine the future. Then we build it.

Job responsibilities:

Cost Management & Forecasting

• Establish and maintain the Project Cost Breakdown Structure (CBS), control budget and cost management processes.
• Monitor project performance against budget and identify trends, risks and opportunities.
• Prepare and maintain EAC, cash flow forecasts and monthly project forecasts.
• Ensure commitments, accruals, actual costs and forecasts are accurately captured and reported.
• Recommend corrective actions to improve project financial performance.

Risk, Change & Commercial Management

• Lead cost risk and opportunity management activities.
• Quantify the financial impact of risks, opportunities and scope changes.
• Support Contract Team in change management processes.
• Ensure approved and pending changes are reflected in project forecasts.
• Reporting & Decision Support
• Prepare monthly cost reports, management dashboards and executive summaries.
• Provide clear visibility of project financial status, forecast outcomes and key risks.
• Support project reviews, management reviews and gate reviews.

Project Integration

• Work closely with Engineering, Procurement, Construction, Planning, Contracts and Finance to ensure forecast alignment.
• Challenge cost performance, forecast assumptions and resource plans where necessary.

Project Close-Out

• Support project financial close-out and final account settlement.
• Ensure all financial obligations, commitments and exposures are accounted for prior to project close-out.

Work experience requirements:

• Minimum 15 years' experience in project controls, cost management or commercial management within major EPC/EPCI projects.
• Demonstrated experience as Cost Manager, Lead Cost Controller or equivalent on large and complex oil & gas, offshore, FPSO or energy projects.
• Proven experience managing project budgets, forecasts, EAC, cash flow and change management for major EPC projects.
• Strong understanding of EPC execution including engineering, procurement, fabrication, construction and commissioning.
• Experience in cost forecasting, trend management, risk management and project performance reporting.
• Strong understanding of project contracts, commercial models and project governance.

Qualifications:

• Degree in Accounting / Engineering.

Other skills:

• Experience with SAP and project control systems used for forecasting and reporting.
• Excellent written and verbal communication, presentation, negotiation, and interpersonal skills.
• Strong leadership, problem-solving, and team collaboration capabilities, with the ability to motivate and develop others.
• Proficient in Microsoft Office applications, including Word, Excel, and PowerPoint.
• Ability to manage multiple priorities effectively in a fast-paced environment, both independently and with minimal supervision.
• Maintains a high level of confidentiality, accountability, flexibility, and adaptability to change.
• Results-oriented with a proactive approach and commitment to open and direct communication.

We regret that only shortlisted candidates will be notified.

Other information:

Work location: Singapore
Application deadline: 25 September 2026