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Job Details

(2256) Cost Controller in Baku city posted by All jobs by Orion Group

918140 - Cost Controller ( Azerbaijani nationals only)

Job Description

Ensure analysis and understanding of the Project Contract and Scope
In liaison with the Tender Team, review and analyse the as-sold budget and cash plan and modify and/or detail this plan
Develop a common understanding by the budget holders of the Tender budget through a review and analysis process.
Ensure the transfer of the Tender budget to the cost management system to form the basis of future monitoring and control
Prepare and establish the Cost Work Breakdown Structure and Cost Model using standard company formats
Ensure full coherence and utilisation of the Cost Control System and that it aligns with the structure for
budgeting purposes and reporting key performance indicators throughout the project
Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to team members with consideration of financial and other compliance legislation
Maintain constant awareness of progress of work by pro-actively collecting the necessary supporting material (planning and reports) and information from all reliable sources
Ensure the timely coding, collection, analysis and reporting of all project expenditure and revenues, together with the budget holder(s)
Ensure all costs are allocated to the right destinations (departments, contracting entities)
Compute Actual Cost of Work Performed (ACWP)
Calculate and plan Estimate To Complete (ETC)
Interface with budget owners on a regular basis to review commitments and the Estimate At Completion (EAC)
Participate on estimate of Variations Orders, prepare supporting data and documentation and implement validated VO budgets into the cost control system
Conduct reconciliation of actual expenditures & revenues and produce monthly project accruals and determine profitability in accordance with accounting principles and guidelines
Produce monthly forecast
Ensure in-depth analysis, understanding and reporting of variances
Maintain, prepare and assist in presentation of internal cost models and project review reports
Prepare the customer cost reporting package as dictated by the contract
Continuously interface with the Finance Manager in the reporting of actuals, forecasts, variances and cash flows
Prepare and issue all project sales invoices including focus on unbilled and debtor management including the DSO (days sales outstanding) KPI
Engage with internal & external audit requirements as required
Prepare Close Out Documentation both internally and externally relevant to the Function
Ensure proactive methods in sharing knowledge and experience, raising areas of difficulty and concern and assisting in improving routines
Attend regular functional meetings and workshops within the Project Controls team as and when nominated
Ensure information is fed back to Estimating department during project execution and at project closing whenever needed
Personal Specification

Professional qualifications – Finance or Business related higher qualification but where a good level of experience in a similar role can be demonstrated this will be considered
Good awareness of relevant accounting standards
Membership to a relevant Professional body is desirable
Broad experience of delivering Cost Control for various types and size of project.
Relevant previous experience at an appropriate level in the subsea or offshore environment
Technical knowledge and application of Cost Control and associated systems
Strong knowledge of Excel is required and working experience with SAP is desirable
Time management and self-checking approach to workload
Strong communication skills at all levels and commitment to self- improvement
Cultural awareness and sensitivity
Understanding of the Offshore Oil and Gas industry


Start Date : 08/02/2018

Status : Waiting

Oil & Gas / Petroleum
Baku city, Azerbaijan
Education Level
Bachelor of Technology/Engineering
Professional Type
Required Skills
Technical knowledge and application of Cost Control and associated systems Strong knowledge of Excel is required and working experience with SAP is desirable