Job Description

Designation:

Senior Cost Controller

Reporting To:

Chief Financial Officer (CFO)

Supervises:

Project Team Leaders and Cost Control Team

Role Level:

Mid Level

Academic Qualification

CMA / CPA / ACCA / CA

or

Bachelor's degree in Civil / Mechanical / Industrial Engineering PMP Certification preferred

Industry Experience

5-8 years of relevant experience in cost control and management, budgeting, project controls, or project engineering Proven experience in the Oil & Gas sector.

Technical Expertise

Strong understanding of project cost structures, WBS principles, and project financial processes Hands-on experience with cost control in long-term, high-value projects High attention to detail and accuracy Familiarity with QP, LNG, ARAMCO, or other major client specifications.

System and Software Skills

Proficiency in ERP systems such as SAP, Oracle, Microsoft Dynamics, or equivalent Advanced proficiency in Excel and financial modelling tools

Leadership & Interpersonal Competencies

Strong leadership experience managing Project Team Leaders and cross-functional teams Excellent communication skills for collaborating with CFO, Senior Management, Project Directors, and external stakeholders

Job Responsibilities

1. Budget Development

Develop and establish project budgets based on detailed cost estimates Allocate funds across project elements such as labor, materials, equipment, subcontracting, and contingency provisions

2. Cost Monitoring

Provide high-level oversight of cost performance across all projects Continuously track and monitor project costs throughout the project lifecycle using Earned Value Management (EVM) Review expenses, commitments, and cost variations against approved budgets Identify early warning signals of cost overruns and escalate critical issues to the CFO with recommended corrective actions

3. Change Order Management

Evaluate, validate, and process change orders affecting project costs in coordination with project heads, engineering teams, and finance Assess cost implications arising from scope changes, revised specifications, or unforeseen conditions

4. Forecasting

Use historical data, cost trends, and project progress to prepare accurate cost forecasts Ensure forecasts align with cash flow planning and organizational financial objectives

5. Cost Reporting

Prepare periodic cost reports for management, project managers, and subcontractors Reports to include cost status, cost-to-complete (CTC), variance analysis, and Cost Performance Index (CPI) metrics

6. Risk Assessment

Identify and assess financial risks that may impact project cost performance Recommend mitigation strategies to safeguard budgets and timelines

7. Cost Control Strategies

Implement cost control initiatives focused on eliminating waste, improving productivity, and optimizing resource utilization Promote a cost-conscious culture across project and operations teams

8. Benchmarking

Benchmark project costs against industry standards and historical data to ensure competitiveness and efficiency Implement cost norms, productivity metrics, and efficiency standards across all projects

9. Documentation

Maintain comprehensive documentation of budgets, cost reports, change orders, approvals, and all financial records Prepare EOT claims and support the project team with documentation required for variation submissions Establish documentation standards and control mechanisms for the cost control function

10. Cross-Functional Leadership & Communication

Act as the financial authority for project teams, guiding Project Team Leaders on cost-related matters Ensure effective collaboration between finance, engineering, procurement, and operations teams Communicate financial impacts of project decisions clearly and strategically to senior leadership

11. Continuous Improvement

Stay updated on industry best practices, new technologies, and cost management methodologies Recommend improvements to enhance existing cost control processes

12. Problem Solving

Resolve cost-related issues promptly and propose practical, financially sound solutions to keep projects on track
Job Types: Full-time, Permanent