Senior Cost Controller

What will you be doing?

Role Overview

Subsea7 is hiring a Senior Cost Controller that ensures accurate, timely and value-added analysis and reporting on a project or projects. The discipline contributes to the effective running of projects and comprises responsibility for but not limited to cost performance status reporting.

The role ensures the provision of all cost control on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.

Responsibilities

Project Award

• Oversee the review and analysis of the as-sold budget and cash plan (in/out) and modify and/or detail this plan
• Ensure analysis and understanding of the project/tender contract and scope
• Develop a common understanding of the Tender budget and ensure its transfer to the cost management system in order to establish first project forecast
• Oversee the timely coding, collection, analysis and reporting of all project expenditure, together with budget holder(s)
• Establish a project coding structure in accordance with the Group guidelines.
• Assist/liaise with Project Planner for maintenance of project WBS and NWA structures
  
  

• Prepare/compile cost and financial input to the PMSR (Project Monthly Status Report)
• Prepare and load forecast revenue and costs per period in the reporting tool (Ecosys)
• Ensure in-depth analysis and reporting of variances on a monthly basis
• Perform economic analysis, deviations, probability, and support project management on any accounting issues and reporting related to the project
  
  

• Perform monthly closing adjustment in accounts: determine and post cost accruals and unbilled revenue, calculate and post revenue adjustments when its recognition is based upon cost progress
• Responsible for the reconciliation of forecasted and actual expenditures and the production of project accruals
  
  

• Provide accurate project long term cash flow forecast on a monthly basis
• Monitoring and reporting of Cash Flow and Financial obligations both monthly & quarterly
• Explain deviation from previous cash-flow forecast with the split between internal and external costs
  
  

• Responsible for the overall coordination of changes to the forecast based on inputs from Client, project management and other project team members as applicable
• Interface with budget owners on a regular basis to review commitments and challenge their forecasts
• Interface with External Clients (if needed) & Auditors as well as Internal Stakeholders
• Participate in estimation of Variation Orders, prepare supporting data and documentation and evaluate the economic impact of variations in scope of work
• Prepare and/or review Close-Out Documentation, both internally and externally
  
  

• Business Degree in Cost Management, Project Management, Finance or Engineering.
• Minimum 5 years relevant Experience of establishing and performing Cost Control on various types and size of projects.
• Technical knowledge and application of Cost Control and associated systems
• Accounting skills
• Demonstrated capability to analyse information and synthesize findings.
• Proficiency in Microsoft Office.
• Knowledge of SAP/Ecosys is useful
• Fluency in English is essential