Senior Project Cost Controller at Westfield Consulting

Direct Report: Project Control Manager (functional) & Project Manager (Project related)
Supervises: Junior Project Cost Controller, Project Administrator

Job Objective

• Controlling the project costs; which includes planning, developing, reporting, monitoring of milestone progress and forecasting the project’s budget, and cost saving measures.

Key Responsibilities

Key Functional/Technical responsibilities:

• Ensuring timely provision of accurate and complete financial and planning information to Project Managers.
• Identification of currency risks (exchange rate) and establishment of suitable measures.
• Identification of tax risks and establishment of suitable measures.
• Verifying costs with vendors and suppliers, estimating expenditures, and recommending cost-saving measures to the Project Manager.
• Responsible to control and monitor project 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.
• Maintain close interface with Accounts department and PMT
• Responsible for ensuring that all supporting documentation for Project WBS, Project Milestones, Change Orders, Variations, etc. are generated at the point of execution and keeping records of same for invoicing or future PMT use.
• Responsible for initiating Project Invoices, collating supporting documentation and follow-up with Client to ensure timely payment.
• Review subcontractor invoices and supporting documents for accuracy and follow-up payment as per respective subcontract agreements.

Cost control of projects;

• Establishing and controlling cost budget, and Cost forecasting
• Cost cash flow forecasting per currency
• Allocation of invoices to project codes
• Timely provision of accurate and complete cost reports, and registration of outgoing payments

Revenue control of projects;

• Establishing and controlling revenue budget, and revenue forecasting
• Revenue cash flow forecasting per currency
• Preparation of variation order requests
• Initiating project invoices to customer
• Timely provision of accurate and complete revenue reports, and registration of incoming payments

Financial control of projects:

• Review tender information and establish project budget
• Timely and accurate reporting of cost, revenues and result
• Controlling project budget against actual and forecast, including variance analysis
• Identification and control of financial risks, establishing financial impact of variations, and controlling variation orders, including variance analysis
• Assistance in preparation of financial chapter of close out report
• Ensuring maintenance of database of financial statistics
• Ensuring compliance of financial reports to company standards and project requirements

HSSE Responsibilities:

• Adhere strictly to company safety and security policies.
• Ensure visible commitment to HSE and stimulate a high level of HSE awareness the Project;
• Ensuring the highest standards of health, safety and environmental management are implemented and maintained.

QA/QC Responsibilities:

• Development, maintenance and implementation of the Corporate Management System (CMS) documentation applicable to Project Control.

Key Requirements

• BSc preferably in accounting or Business Economics, Finance/Engineering etc.
• Certified Project Management Professional (PMP) preferred
• ICAN or similar qualifications
• Cost control courses are commendable.
• 10 - 12 years’ minimum experience in financial project environment in international contracting business.

Relevant Skills & Knowledge:

Functional Skills:

• Outstanding communication skills, both written and verbal.
• Strong presentation skills able to explain concepts concisely and accurately
• Excellent Time Management
• Ability to work in a team and to co-ordinate activities.
• Ability to proactively plan for potential problems scenarios (Preparation of back-up plans).
• Supervisory and coaching skills to provide guidance to less experienced Cost Controller
• HSE
• Ability to adhere to Company policies, procedures, guidelines and work requirements
• Others

Functional Knowledge:

• General knowledge of offshore installation and fabrication practices.
• Knowledge of Corporate Management System (CMS).
• Able to generate budgets and reports
• Proficiency in use of MS Office and accounting software
• Proficiency in use of SAP
• HSSE /QAQC
• Quality, Safety, Health and Environment requirements and standards.
• Company Management System (CMS) ensuring compliance to quality, safety, health, environment and safety (QHSES) requirements.
• Others.

Salary
N1,200,000 0 N1,600,000 per month.