Senior Cost Controller

The Cost Controller is responsible for monitoring, analyzing, and controlling project costs to ensure financial efficiency and compliance with budgets for Power Plants and Oil & Gas (O&G) Rehabilitation & Maintenance projects. This role involves tracking expenditures, forecasting costs, identifying variances, and implementing corrective actions to optimize project financial performance.

Requirements

• Cost Monitoring & Control:
• Develop, implement, and maintain cost control procedures for rehabilitation and maintenance projects
• Track and analyze project expenditures against approved budgets
• Identify cost variances, investigate root causes, and recommend corrective actions
• Ensure all project costs (labor, materials, subcontractors, equipment) are accurately recorded and reported
• Budgeting & Forecasting:
• Assist in preparing project budgets and cost estimates for rehabilitation and maintenance works
• Update cost forecasts based on project progress, change orders, and market trends
• Provide monthly cost reports, including Earned Value Analysis (EVA), to management
• Financial Reporting & Analysis:
• Prepare detailed cost reports, cash flow projections, and variance analysis
• Liaise with project managers, engineers, and procurement teams to validate costs
• Ensure compliance with company policies, accounting standards, and contractual obligations
• Contract & Change Order Management:
• Review and validate contractor/subcontractor invoices and change orders
• Monitor contract terms to avoid cost overruns and disputes
• Support claims management and dispute resolution related to project costs
• Risk Management & Cost Optimization:
• Identify financial risks and propose mitigation strategies
• Recommend cost-saving measures without compromising quality or safety
• Conduct cost benchmarking against industry standards
• Collaboration & Communication:
• Work closely with project teams, finance, and procurement departments
• Present cost performance updates to senior management and stakeholders
• Ensure alignment between cost control and project scheduling

Qualifications & Skills:

• Bachelor's degree in Engineering, Finance, Accounting, or Quantity Surveying
• 5+ years of cost control experience in Power Plants, Oil & Gas, or Heavy Industrial Maintenance/Rehabilitation projects
• Proficiency in cost control software (SAP, Oracle, Primavera, MS Project, Excel)
• Knowledge of Earned Value Management (EVM) and project accounting
• Strong analytical and problem-solving skills
• Attention to detail and accuracy in financial reporting
• Excellent communication and presentation skills
• Ability to work under pressure and meet deadlines
• Familiarity with FIDIC contracts and industry best practices is a plus

Work Environment:

• Office-based with occasional site visits to Power Plants/O&G facilities
• May require travel to project locations

Benefits

• Private Health Insurance
• Pension Plan
• Paid Time Off
• Training & Development
• Performance Bonus