Cost Controller

Industry: Oil & Gas / FPSO

Location: Kuala Lumpur, Malaysia

Employment Type: Full-time

Key Responsibilities:

• Data Consolidation & Reporting: Independently collate, compile, and analyze cost data to support timely reporting.
• Cost Control Implementation: Understand and ensure proper implementation of approved cost control procedures.
• Budgeting & Forecasting: Develop and maintain detailed cost control plans, including budget allocation, cost breakdown structures, and forecasting.
• Cost Tracking & Variance Analysis: Track budget variances and challenge budget owners on any deviation from the approved cost baseline.
• Financial Reconciliation: Reconcile project cost reporting with accounting and financial records to ensure accuracy.
• Invoice & Change Order Reviews: Review subcontractor invoices, ensure proper cost allocation, and assess potential variations impacting project budgets.
• Risk & Contingency Planning: Perform cost risk analysis to define accurate contingency reserves and contribute to project risk management.
• ERP System Utilization: Work with SAP (preferred) or other ERP systems to manage cost control processes.
• Stakeholder Coordination: Liaise with project teams, finance, procurement, and other departments to ensure cost control objectives align with overall project goals.
• Mentorship: Provide guidance and support to junior cost control staff as required.

Requirements & Qualifications:

• Degree in Engineering, Science, Business Management, or Operations Management.
• AACE Certification (CCT or CCP) preferred.
• 8+ years of cost engineering experience in the Oil & Gas industry (or 12+ years in other industries with Oil & Gas process knowledge).
• Previous experience in a senior cost control role is preferred.
• Proficiency in SAP (preferred) or other ERP systems.

Skills & Competencies:

✅ Strong financial analysis and reporting skills.

✅ Proficiency in cost risk analysis & forecasting.

✅ Ability to challenge and validate cost variances.

✅ Excellent communication & stakeholder engagement skills.

✅ Strong attention to detail & problem-solving abilities.