Cost Controller at West African Ventures (WAV) Ltd

Job description

• Responsibility for forecasting, controlling and monitoring project budgets
• Prepare cost estimates for offshore construction and installation projects or services to aid management in bidding on or determining price of projects or services
• Monitoring total expenditure including verifying and checking of invoices and claims from suppliers, vendors and subcontractors to ensure that all project expenditures are captured and properly recorded.
• Maintaining cost breakdown structures
• Distribute the project charge codes and making sure all the costs are booked to the correct budget
• Perform project costing related reporting to the team and management’s review on a monthly basis to ensure that expenditures are kept within the project budget.
• Prepare variation reporting for any change in budget with detail explanation and backup
• Monitoring of milestone progress to the preparation of customer billing processes
• Provide cost control and planning advice to the internal PMT team as and when required.
• Work closely with Contract Lead to evaluate the cost impact on any Change Order
• Monitor the PMT, engineering, construction labours man-hours compared to bid budget
• Understand the execution plan and dial in any deviation from bid basis into the budget and obtain budget approval from project manager and management
• Involve in risk assessment and populate the contingency budget