Senior Cost Controller

Overview

Role Overview

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
• Project reporting
• 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
• Project monthly close-out
• 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

Cash-Flow

• 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

Relationship With Stake Holders

• 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
• What experience would we like you to have?

Required Qualifications & Skills

• 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