Cost Controller Job at Maventeq Systems Limited

Maventeq Systems Limited - Our client, a multinational Oil and Gas company in Nigeria, is currently recruiting suitably qualified candidates to fill the position below:

Job Position: Cost Controller
Job Location: Lagos
Service Division: Projects, Operations and Asset Maintenance
Reports To: PPS Manager

Job Purpose

• This position shall be responsible for developing, implementing, and maintaining detailed cost management systems to ensure project execution aligns with the established budget and forecast.
• The Cost Controller shall provide critical, forward-looking analysis and data-driven insights to support proactive decision-making by company executive management.

Key Responsibilities & Duties

• Shall develop and maintain the project's Cost Breakdown Structure (CBS) and establish the official cost baseline for all company projects and operations.
• Shall create detailed cost estimates for all project phases and prepare accurate forecasts (Estimate at Completion - EAC) to predict final project costs.
• Shall conduct Earned Value Management (EVM) analysis to measure project health using key indices (CPI, SPI) and assess schedule and cost performance.
• Shall implement and manage robust ERP systems (SAP, Odoo, etc) to track all project commitments, expenditures, and accruals against the approved budget.
• Shall identify, analyze, and report on cost variances, determining root causes and recommending corrective actions to management.
• Shall quantify the financial impact of project changes and trends, ensuring all impacts are captured in the Management of Change (MoC) process and budget updates.
• Shall work with the project and operations team to quantify financial risks and opportunities, and monitor the use of contingency funds.
• Shall generate timely and clear cost reports, dashboards, and presentations to communicate financial status and projections to company management.
• Shall utilize the company's ERP (SAP, Odoo, etc) and project controls software as the primary tools for all cost management and reporting activities.
• Shall provide proactive, data-driven insights to support decision-making, offering early warnings of potential cost overruns and identifying cost-saving opportunities.

Key Performance Indicators (KPIs)

• Accuracy of cost forecasts (Variance between Forecasted EAC and Final Actual Cost).
• Accuracy and timelinessa of Earned Value Management reporting.
• Effectiveness in early warning of cost overruns and identification of cost-saving opportunities.
• Quality and clarity of cost analysis and reporting.
• Adherence to project controls procedures and the ICMS framework.

Qualifications & Experience

• Education:Bachelor's degree in Engineering (Civil, Mechanical, Chemical, or similar) is required. A post-graduate qualification in Project Management or Finance is an advantage.
• Experience:Minimum of 5-7 years of experience in a cost engineering or project controls role within the Oil & Gas, Energy, or heavy construction industry.
• Technical Skills:
  • Expert knowledge of cost engineering principles, Earned Value Management (EVM), and risk-based forecasting.
  • Proficiency in using ERP systems (SAP, Odoo, etc)and advanced project controls software.
  • Advanced skills in data analysis and visualization tools (e.g., Microsoft Excel, Power BI).
  • Strong understanding of project scheduling principles and their integration with cost control.

Competencies & Behavioural Attributes:

• Strong numerical and analytical skills with the ability to interpret technical data and its financial implications.
• A forward-looking approach, constantly seeking to identify trends and potential issues before they impact the budget.
• Meticulous attention to detail and a rigorous approach to data integrity and process.
• Ability to translate complex cost data into clear, actionable insights for the project team and management.
• Effectively collaborates with project managers, engineers, planners, and procurement specialists to achieve integrated project outcomes.

Method of Application 
Interested and qualified candidates should send their CV to: careers@maventeqsystems.com using the Job Position as the subject of the email.

Note: Only candidates who meet the job requirements will be contacted.