Job Description

Position Overview

The

Senior Cost Controller

is responsible for establishing, monitoring, and controlling project budgets and cost performance throughout the FPSO or offshore project lifecycle. The role ensures cost accuracy, variance analysis, and financial integrity in alignment with project and corporate objectives.


This position requires strong coordination with engineering, procurement, construction, and commissioning teams to ensure robust cost management within complex EPCI or FPSO environments.

Key Responsibilities

#

1. Cost Control & Budget Management

Develop, implement, and maintain

project cost control systems, procedures, and reports

. Establish the

project budget baseline

based on approved estimates and work breakdown structures (WBS). Monitor

commitments, expenditures, and forecasts

to ensure compliance with approved budgets. Identify and analyze

cost variances

, trends, and deviations from planned budgets. Provide

early warning reports

and recommendations to mitigate cost overruns.
#

2. Forecasting & Reporting

Prepare

monthly cost reports

, cash flow forecasts, and cost-to-complete analyses. Interface with project management, procurement, and finance teams to ensure financial accuracy. Support project management in

forecasting final project cost

and margin outcomes. Present detailed cost summaries and variance analyses to project and corporate management.
#

3. Change & Variation Management

Track and assess

change orders, variations, and scope adjustments

for cost impact. Update budgets and forecasts accordingly upon change approval. Support contract and commercial teams with

cost substantiation and claims analysis

.
#

4. Project Interface

Work closely with

planning, scheduling, procurement, and engineering

teams to ensure cost data accuracy. Align cost forecasts with

progress measurement and earned value data

. Participate in

project review meetings

and ensure financial transparency.
#

5. System & Process Improvement

Maintain cost control databases and software (e.g., SAP, Primavera Cost Manager, EcoSys). Support continuous improvement initiatives in

cost control methodologies

and reporting tools.

Qualifications & Experience

Education:

Bachelor's degree in

Finance, Accounting, Quantity Surveying, Engineering, or related field

.

Experience:

Minimum

8-12 years of cost control experience

, including

5+ years in offshore oil & gas, FPSO, or EPCI projects

. Proven experience managing multi-million-dollar project budgets. Strong understanding of

project cost structures

,

EPCI contracts

, and

change management processes

. * Familiarity with project controls software (e.g., SAP, EcoSys, Primavera, Excel advanced level).