Cost Controller Job at Subsea 7

Subsea 7 is a world-leading seabed-to-surface engineering, construction and services contractor to the offshore energy industry. We provide cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments.

We are recruiting to fill the position below:

Job Position: Cost Controller
Vacancy ref: 61008
Job Location: Lagos
Business area: Surf and Conventional
Working hours: 40 hours per week
Contract type: Contract
Languages in which you may apply: English

Position Overview

• The Cost Controller ensures accurate, timely and value added analysis and reporting on a project.
• The discipline contributes to the effective running of projects and comprises responsibility for, but not limited to cost performance status reporting.
• The role ensures the provision of all Cost Control functionality on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.
• The role reports directly to the Project Controls Manager or Senior Cost Controller.

Key Responsibilities & Activities

• 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 (in/out) and modify and/or detail this plan
• Prepare and establish the Cost Breakdown Structure, and Budget Elements which describe the full structure to be used in the Cost Control System and that align into the Work Breakdown Structure
• Ensure full coherence and utilisation of the Cost Control System and that it aligns with the Work Breakdown Structure for budgeting purposes and reporting key performance indicators throughout the project
• Support the provision of accurate cash flow forecasts and profit release as well as to obtain the actual cost expenditures
• Develop a common understanding of the Tender budget through a review and analysis process with the relevant estimator and project team members
• Ensure the transfer of the Tender budget to the cost management system to form the basis of future monitoring and control
• Ensure the timely coding, collection, analysis and reporting of all project expenditure, together with the budget holder(s)
• Ensure the monitoring and reporting of project
• Conduct reconciliation of forecasted and actual expenditures and the production of project accruals in conjunction with Finance
• Prepare experience feedback figures to the Project Controls and Tendering departments
• Participate on estimate of Variations Orders, prepare supporting data and documentation and implement validated VO budgets into the cost control system
• Ensure all costs are allocated to the right destinations (departments, contracting entities)
• Ensure information is fed back to Estimating department during project execution and at project closing whenever needed
• Report and manage use of contingencies on the project including liaising with risk engineers

Professional Qualifications

• A University Graduate (BSc) or HND Graduate in Accounting/Finance with a 3 - 5 years experience,
• Cost Control prior experience in Oil and Gas industry is a must
• Highly motivated and ability to work under pressure,
• Excellent verbal and written communication skills,
• Strong organization, analytical, and project management skills,
• Experienced multitasker, with a focus on effective prioritization,
• Ability to utilize knowledge and previous experience to contribute and assist in meeting the Group’s objectives,
• Good command of Pack office / SAP.