Senior Project Cost Controller at Robert Walters

A leading Oilfield Equipment, Structural Steel, Marine Structures Engineering, and Fabrication Company is looking for a Senior Project Cost Controller to join their Finance team. The Controller will play a critical role in managing and controlling project costs, ensuring that projects are completed within budgetary constraints while maintaining high standards of quality and efficiency.

Job Responsibilities

• Cost Analysis: Conduct in-depth analysis of project costs, emphasising materials, labour, and overhead, with a keen eye for identifying cost-saving opportunities.
• Budgeting and Forecasting: Develop and manage project budgets, collaborating closely with project managers and department heads to ensure alignment with financial objectives. Provide accurate forecasts and variance analysis to support decision-making.
• Inventory Optimisation: Implement strategies to optimise inventory levels, balancing cost efficiency with production requirements to minimise carrying costs and ensure timely availability of materials.
• Process Enhancement: Continuously evaluate cost control processes and procedures, seeking opportunities for improvement and efficiency gains. Recommend and implement best practices and system enhancements as needed.
• Cost Reporting: Generate comprehensive cost reports for management review, highlighting key cost drivers, variances, and trends. Offer actionable insights and recommendations to support strategic planning.
• Contract Review: Review contracts, purchase orders, and vendor agreements to ensure pricing accuracy and compliance. Identify potential cost-saving opportunities and negotiate favourable terms when feasible.
• Risk Management: Assess financial risks associated with cost control and develop mitigation strategies to protect the company's financial interests.
• Cross- Functional Collaboration: Foster strong collaboration with cross-functional teams, including engineering, procurement, production, and finance, to optimise cost efficiencies and achieve organisational goals.

Requirements

• Bachelor’s degree in finance, Accounting, or related field
• ICAN, ACA, ACCA, or CIMA
• 6-8 years proven experience in project cost control within the oil and gas engineering services industry.
• Strong understanding of project management principles and practices.