If you are a dynamic professional seeking a challenging role with a forward-thinking organization, we invite you to apply for the Cost Controller position at AOS Offshore.
As the Cost Controller, your primary responsibility will involve overseeing project control. You will regularly analyze, evaluate, and forecast project costs compared to the baseline cost schedule while also assessing the possible impacts and opportunities.
Job Responsibilities:
- Open and set a cost tracker per project, monitor, control, and report the performance through the whole project life cycle according to the company procedures and general project control practices.
- At project completion, develop and record the project’s historical cost information and populate “lessons learned throughout the project.
- Establish and maintain project WBS, including revenue and billing with supporting documents.
- Ensure timely and accurate project billings.
- Visit the yard, attend meetings, and have a weekly meeting with the yard's cost controller to verify the forecast to complete. Set up the process for Shipyard cost commitment ( who is the authority to commit, what format, when, how often)
- Prepare forward-looking project and business cash flow forecasts
- Present and educate personnel/teams/organization on project control’s practices and principles.
- Develop and implement project controls strategy and integrate it into the Project Execution Plan.
- Track, reconcile, and work to minimize project unbilled balances
- Internal liaison with Finance/Supply Chain/Operations to maintain efficient & accurate recording of cost expenditure and manage discrepancies for preparation of accurate and complete cost reports;
- Monitor and maintain contract reconciliation
- Establish and maintain project budgets and overall cost control
- Prepare Estimate-At-Completion (EAC) and variance analysis [budget vs actual]
- Drive project profitability and other performance metrics
- Prepare ad hoc project reporting and analysis as required
- Prepare detailed monthly project rolling forecasts
- Participate in weekly project review meetings
- Timely and accurate project settlement, prepare month-end project journal entries
- Partner with the Project Team to assist project processes in tracking and closing projects and optimizing schedules, including but not limited to the below.
- Work with the Project Team to implement project costing and review processes that enable vertical and integrated solution growth strategies to achieve profit goals.
- Assist Project Team with estimates and supporting documentation to be submitted to Clients.
- Work with the Project Team to facilitate critical metrics and weekly reviews and update the information related to project costing and review process.
- Report to and work closely with the Project Manager and buyer to ensure cost tracking accurately always reflects the current project financial status by tracking spend and invoices against the Client’s PO and alerting the Project Manager where there may likely be a cost overrun on any given scope of work and recommend remedial actions. Report weekly in the Dashboard.
- Work closely with the Project Buyer to ensure all Purchase orders are accurate and coded to the relevant work scope of the cost tracking system.
- Assists the Project Team with regards to the reimbursable claims and ensures back charge to the Client
- Built and maintained project tracking dashboards used for project estimation and approvals.
- Ad-hoc projects based on management needs
What we are looking for:
- Bachelor's degree or equivalent (ACCA), in Finance or a related field is favorable
- 5+ years of work experience.
- Must be willing to be deployed to site offices in the shipyard/sites if required and must be willing to travel.
- Experience in Offshore O&G, Marine, or Shipyard projects is preferred
- Strong interest in project finance, forecasting, estimation, particularly revenue recognition policies
- Strong business partnership & delivery of results in a matrix environment
- Computer proficiency and expertise in Microsoft Excel is a must
- Proven communication skills
