Your Browser is Not Supported

To ensure jobstore run smoothly, please use the latest version of the following supported browsers:

Jobs in Malaysia   »   Jobs in Malaysia   »   Finance / Banking / Insurance jobs   »   Cost Control Engineer

Cost Control Engineer

Join Now My Account My Profiles My Online CV Upload My CVs Covering Letters My Documents My Job Alerts My Stored Jobs Job Applications My Career Tools Contract News Security Reports Online Resources The Exile My Reminders

Search Jobs

Cost Control Manager / Malaysia


Added: 16-May-19

Location: Malaysia


Duration: Permanent

Apjid 3

The Role: Cost Control Manager

Type: Permanent

Location: Malaysia

Job Description:

Experience Required:

  • Prior experience in oil & gas operations / Project Controls
  • Excellent communication and analytical skills
  • Familiarity with cost systems
  • Excellent command on Microsoft Excel
Operationally Reports To:

  • N/A
Functionally Reports To:

  • Area Director Project Controls
Liaise With:

  • Project teams, functional departments and leadership team.
  • Some engagement with client and subcontractors / vendors may be required.
Primary Functions:

  • Supervises Cost Engineers / Cost Control specialists on multiple projects.
  • Responsible for the following activities of the portfolio of projects in the Area:
  • Cost Forecasting and Cost Control
  • Area Financial reporting
  • Data Analytics
  • Change Management
  • Risk and Opportunity Management
  • Bid support and development of Estimation Benchmarks
  • Development / Review of Cost Control Processes, Systems, Procedures and tools
  • Management of Cost Control resources in the Area
  • Training and development of Cost Control teams
  • Active engagement with other Area initiatives
Tasks and Responsibilities:

  • Cost Forecasting and Cost Control ? Manage diverse workforce of cost control leads and specialists on projects to ensure consistent and effective application of cost control systems, processes and tools for transparent & efficient forecasting.
  • Ensure company standards for Project Controls and industry best practices are implemented on projects. ? Assist with project set-up activities including establishment of cost baseline, systems set-up and development of effective cost breakdown structure. ? Establish processes and gates for early identification of issues
  • Ensure trending and forecasting processes are established on each project. ? Ensure alignment of cost forecast with project execution plans and latest available information. ? Guide cost control teams to perform cost sensitivity analysis for each phase of the project to provide certainty for financial forecasting.
  • Monitor financial performance of the portfolio of projects; make appropriate recommendations to project teams / management to improve project financial performance.
  • Where multiple execution methods exist, guide teams in evaluating various options and provide recommendation
  • Ensure that Change Management, Risk and Opportunity Management, and Contingency Management processes are established and functioning on each project
  • Assist Project teams with data analysis and problem solving.
  • Participate in monthly project reviews with project teams and senior leadership.
  • Area Financial Reporting and Data Analytics
  • Responsible for maintaining key financial data from various projects to provide data analytics, trending and benchmarks.
  • In conjunction with finance, provide financial updates of the Area to senior leadership for review and provide guidance on look ahead.
  • Ensure all regular and any ad-hoc reports, are of the highest standards and are available for management reviews in a timely manner.
  • Estimation Benchmarks and Bid Support ? Support the estimating group in providing inputs such as Project Controls procedures and estimation benchmarks.
  • Participate in key bid estimate reviews.
  • Processes, Systems and Procedures
  • In conjunction with Global functions, active participation in review of efficiency of cost control processes and systems and provide recommendations.
  • Active participation in review and updates of Area / project specific cost control procedures.
  • Resource Management
  • Provide functional leadership to cost control resources in the Area.
  • Ensure all projects are appropriately staffed with cost control resources.
  • In conjunction with Project Management and Area Project Controls Director, ensure any conflicts are resolved in a timely and effective manner.
  • Work with Project Controls Managers to set goals and objectives for cost control resources.
  • Develop, train and guide cost control professionals and conduct regular performance reviews.
✱   This job post has expired   ✱

Sharing is Caring

Know others who would be interested in this job?