Cost Controller

Kuala Lumpur, Malaysia

Job Reference 1237666

Location Kuala Lumpur, Malaysia

Industry Oil & Gas - FPSO

Function Budget / Cost Control

Job Type Permanent

Date Added February 20, 2024

Location: KL Malaysia
Vaild time: 2 years
Main Responsibility:
  • Acquire advanced knowledge of potential expenditures in order to identify potential overruns early enough for the Project Manager to take proactive' corrective actions as required, Analyze project expenditure and develop cost trending.
  • Analyze all available data to determine cause of overruns' under runs.
  • Create a cost conscious atmosphere so that all persons working on a project are aware of how their activities impact the project cost including all applicable Contractual issues.
Main missions:
  • Apply and adapt corporate cost control methodology to the project.
  • Establish the initial Budget including all relevant technical , cost data and assumptions from the Estimating phase.
  • Interface with Planning, Contracts, and Purchasing, Engineering, Construction, and Accounting team members for commercial and technical Input.
  • Minimize project costs by looking at all activities from a cost reduction point of view.
  • Prepare cost estimates for possible design' project execution changes.
  • Analyze the project budget, the technical and commercial data using trending' earned value' in-house methods to prepare the monthly project cost forecasts.
  • Prepare the Project Forecast on a monthly basis and consolidate results in the Cost Control Monthly Report (Forecast, Areas of concern, VOs, Budget Variance analysis etc.).
  • Assist in the formulation of Project Financial Reports destined for the Senior Management of COMPANY.
  • Identify and prepare Project Variation Orders for approval by Project Manager and submission to Client.
  • Provide cost information to either verify validity of suppliers change request or as input to change Requests to Client.
  • Prepare monthly manpower forecast(s).
  • Provide Commercial' Financial input to the project reports destined for the Client.
  • Ensure good quality of cost information is provided to Corporate Estimating Department on a regular basis for continued implementation of norms and benchmarking,
  • Project cash planning
Job requirements
  • School/studies/degree: Bachelor/Diploma equivalent in a technical discipline.
  • Experience: Minimum of 5 years’experience in the offshore' shipbuilding industries in Estimating or Project.
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