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Senior Project Cost Controller

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A leading Oilfield Equipment, Structural Steel, Marine Structures Engineering, and Fabrication Company is looking for a Senior Project Cost Controller to join their Finance team. The Controller will play a critical role in managing and controlling project costs, ensuring that projects are completed within budgetary constraints while maintaining high standards of quality and efficiency.

Job Responsibilities :

  • Cost Analysis: Conduct in-depth analysis of project costs, emphasising materials, labour, and overhead, with a keen eye for identifying cost-saving opportunities.
  • Budgeting and Forecasting: Develop and manage project budgets, collaborating closely with project managers and department heads to ensure alignment with financial objectives. Provide accurate forecasts and variance analysis to support decision-making.
  • Inventory Optimisation: Implement strategies to optimise inventory levels, balancing cost efficiency with production requirements to minimise carrying costs and ensure timely availability of materials.
  • Process Enhancement: Continuously evaluate cost control processes and procedures, seeking opportunities for improvement and efficiency gains. Recommend and implement best practices and system enhancements as needed.
  • Cost Reporting: Generate comprehensive cost reports for management review, highlighting key cost drivers, variances, and trends. Offer actionable insights and recommendations to support strategic planning.
  • Contract Review: Review contracts, purchase orders, and vendor agreements to ensure pricing accuracy and compliance. Identify potential cost-saving opportunities and negotiate favourable terms when feasible.
  • Risk Management: Assess financial risks associated with cost control and develop mitigation strategies to protect the company's financial interests.
  • Cross- Functional Collaboration: Foster strong collaboration with cross-functional teams, including engineering, procurement, production, and finance, to optimise cost efficiencies and achieve organisational goals.

Requirements:

  • Bachelor’s degree in finance, Accounting, or related field
  • ICAN, ACA, ACCA, or CIMA
  • 6-8 years proven experience in project cost control within the oil and gas engineering services industry.
  • Strong understanding of project management principles and practices.

Contract Type: FULL_TIME

Specialism: Accountancy & Finance

Focus: Project Accountant

Industry: Engineering

Salary: Negotiable

Workplace Type: On-site

Location: Nigeria

Job Reference: LXX9CA-A9FD9EC5

Date posted: 11 June 2024

Consultant: Kim Goff

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