(3153) Cost Controller – Power Plants & O&G Rehabilitation & Maintenance

Job Summary: The Cost Controller is responsible for monitoring, analyzing, and controlling project costs to ensure financial efficiency and compliance with budgets for Power Plants and Oil & Gas (O&G) Rehabilitation & Maintenance projects.
This role involves tracking expenditures, forecasting costs, identifying variances, and implementing corrective actions to optimize project financial performance.
Key Responsibilities: 1.
Cost Monitoring & Control:  Develop, implement, and maintain cost control procedures for rehabilitation and maintenance projects.
 Track and analyze project expenditures against approved budgets.
 Identify cost variances, investigate root causes, and recommend corrective actions.
 Ensure all project costs (labor, materials, subcontractors, equipment) are accurately recorded and reported.
2.
Budgeting & Forecasting:  Assist in preparing project budgets and cost estimates for rehabilitation and maintenance works.
 Update cost forecasts based on project progress, change orders, and market trends.
 Provide monthly cost reports, including Earned Value Analysis (EVA), to management.
3.
Financial Reporting & Analysis:  Prepare detailed cost reports, cash flow projections, and variance analysis.
 Liaise with project managers, engineers, and procurement teams to validate costs.
 Ensure compliance with company policies, accounting standards, and contractual obligations.
4.
Contract & Change Order Management:  Review and validate contractor/subcontractor invoices and change orders.
 Monitor contract terms to avoid cost overruns and disputes.
 Support claims management and dispute resolution related to project costs.
5.
Risk Management & Cost Optimization:  Identify financial risks and propose mitigation strategies.
 Recommend cost-saving measures without compromising quality or safety.
 Conduct cost benchmarking against industry standards.
6.
Collaboration & Communication:  Work closely with project teams, finance, and procurement departments.
 Present cost performance updates to senior management and stakeholders.
 Ensure alignment between cost control and project scheduling.
Qualifications & Skills: Education & Experience:  Bachelor’s degree in Engineering, Finance, Accounting, or Quantity Surveying.
 5+ years of cost control experience in Power Plants, Oil & Gas, or Heavy Industrial Maintenance/Rehabilitation projects.
 Proficiency in cost control software (SAP, Oracle, Primavera, MS Project, Excel).
 Knowledge of Earned Value Management (EVM) and project accounting.
Key Competencies:  Strong analytical and problem-solving skills.
 Attention to detail and accuracy in financial reporting.
 Excellent communication and presentation skills.
 Ability to work under pressure and meet deadlines.
 Familiarity with FIDIC contracts and industry best practices is a plus.
Work Environment:  Office-based with occasional site visits to Power Plants/O&G facilities.
 May require travel to project locations.